Commercial Property Pricing Index 

Green Street’s quarterly CPPI – real-time and forward-looking 

Built on REIT-owned asset valuations, our CPPI delivers quarterly updates that reflect where the Commercial Real Estate market is headed—well ahead of traditional transaction data.

COMMERCIAL PROPERTY PRICE INDEX

Green Street’s Monthly CPPI® –
Real-Time and Forward–Looking

Built on REIT-owned asset valuations, our Commercial Property Price Index (CPPI®) delivers monthly updates
that reflect where the commercial real estate market is headed—well ahead of traditional transaction data.

chart visualization

Industry-Trusted CPPI® 

The leading benchmark for CRE pricing trends 

Our time-tested CPPI leverages REIT market data to anticipate trends, outpacing traditional indices by months. 
Average Institutional authority
Modeled on fundamentals like cap rates and net rental income
Forward looking
Reflects pricing if CRE transacted today
Asset value weighted
Measures full-market impact, not just averages

CPPI BY THE NUMBERS

Decades of market-defining insight

12

Years Running

25+

Countries Tracked

4

Core Sectors
  • United States

    Pricing Expected to Stay in a Tight Range

    Newport Beach, CA, July 7, 2026 — The Green Street Commercial Property Price Index® was unchanged in June. Over the past twelve months, the all-property index has increased 4.1%. “Price gains have been modest because cap rates continue to be quite sticky,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “And it’s unlikely […]
    July 7, 2026
  • Canada

    Inaugural Canadian CPPI Reveals Slight Increase in Values

    Toronto, 25 June 2026 — The Green Street Commercial Property Price Index increased 0.2% over the past quarter. Over the past twelve months, the traditional-sector index has decreased 0.9%. “In Canada, investors have often had to piece together pricing signals from transactions, fund marks and market anecdotes that do not always move at the same pace,” […]
    June 25, 2026
  • United States

    Property Prices Up 4% Over the Past

    Newport Beach, CA, June 4, 2026 — The Green Street Commercial Property Price Index® increased 1.6% in May. Over the past twelve months, the all-property index has increased 4.1%. “Property prices have been creeping higher due to NOI growth and, in a few sectors, lower cap rates,” said Peter Rothemund, Co-Head of Strategic Research at […]
    June 4, 2026
  • United States

    Commercial Property Prods Along

    Newport Beach, CA, May 6, 2026 — The Green Street Commercial Property Price Index® decreased 0.1% in April. Values of life science properties declined; pricing in other sectors was unchanged. Over the past twelve months, the all-property index has increased 3.1%. “Buyers have been disciplined,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. […]
    May 6, 2026
  • United States

    Elevated Treasury Yields to Keep Pricing in Check

    Newport Beach, CA, April 7, 2026 — The Green Street Commercial Property Price Index® increased 0.4% in March. Over the past twelve months, the all-property index has increased 2.6%. “I think a lot of investors were hoping that interest rates would be lower by now, and that cap rates would be too, but it hasn’t […]
    April 7, 2026
  • United States

    Fair Pricing Equals Stable Prices

    Newport Beach, CA, March 5, 2026 — The Green Street Commercial Property Price Index® increased 0.2% in February. Over the past twelve months, the all-property index has increased 2.5%. “Deals are getting done, but with pricing in a fair spot, cap rates have been steady,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “I […]
    March 5, 2026

FREQUENTLY ASKED QUESTIONS

Defining the standard for real-time property pricing

What makes Green Street’s CPPI unique?
Green Street’s CPPI is based on frequently updated estimates of price appreciation of the property portfolios owned by REITs where other price indices are based on only closed transactions or formal appraisals that can make them out of date.
While other price indices rely on closed transactions or formal appraisals – both of which can take time to be reported and can lag behind the market, Green Street’s CPPI reflect live property portfolio values to keep up with the market. Since REITs own high-quality properties, the index measures value of average institutional-quality assets. 
Green Street’s CPPI is value-weighted, measuring what’s happening in real estate prices in aggregate as opposed to equally-weighted indices that can provide a distorted view of asset pricing across markets.

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