Green Street Reports CRE Property Prices Flat in 2017
January 5, 2017 | James Sprow | Blue Vault
The Green Street Commercial Property Price Index was essentially unchanged in December. The index, which measures values across five major property sectors, declined by less than 1% in 2017. “Property pricing as a whole ended the year where it started it, but performance in 2017 really depended on the type of property,” said Peter Rothemund, Senior Analyst at Green Street Advisors. “Industrial, life science, medical office, and manufactured home parks all were up big last year, while mall values fell more than 10%. Everything else was somewhere in between.”
Green Street’s Commercial Property Price Index is a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions are currently being negotiated and contracted. Features that differentiate this index are its timeliness, its emphasis on high-quality properties, and its ability to capture changes in the aggregate value of the commercial property sector.
About Green Street Advisors Founded in 1985, Green Street Advisors is the preeminent independent research and advisory firm concentrating on the commercial real estate industry in North America and Europe. The company is a leading provider of real estate analytics, research, and data on both the listed and private markets. Green Street also offers investment research on Real Estate Investment Trusts (REITs) and trading services to equity investors. Additional information on Green Street Advisors is available online at www.greenstreetadvisors.com.
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