Commercial Property Price Index: March, 2024

Commercial Property Fairly Valued

Newport Beach, CA, April 4, 2024 — The Green Street Commercial Property Price Index® was unchanged in March. The all-property index—a measure of pricing for institutional-quality commercial real estate—is down 7% over the past year and 21% since its March ’22 peak.

“After back-to-back years of significant declines, property prices have regained their footing,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “With commercial real estate priced fairly vs. corporate bonds, the trend of little-to-no change in pricing is likely to continue.”