Commercial Property Price Index: January, 2024

Property Prices Increase Modestly in January

Newport Beach, CA, February 6, 2024 — The Green Street Commercial Property Price Index® increased 0.3% in January. The all-property index—a measure of pricing for institutional-quality commercial real estate—is 21% below its March ’22 peak.

“For most property types, pricing has probably hit its low,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “Office is an exception to that. Values in the office sector are expected to continue to decline.”