Commercial Property Price Index: August, 2024

Property Prices Up More Than 3% This Year

Newport Beach, CA, September 6, 2024 — The Green Street Commercial Property Price Index® increased 1.6% in August. The index – a measure of pricing for institutional quality properties – is up 3.3% this year.

“Commercial property prices have increased over the past few months as bond yields have declined,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “There’s a good chance the momentum in pricing continues. Property prices have not risen as fast as bond yields have fallen, and share prices of many listed REITs are now higher than the underlying value of their properties.”