An Improved Commercial Property Price Index

Newport Beach, CA - September 17, 2018: Green Street is pleased to introduce an improved and expanded suite of commercial property indexes. The most significant change is that the Green Street Commercial Property Price Index will henceforth capture price changes in fifteen property sectors (versus five before). The new index is a more useful performance benchmark for real estate investors who are increasingly moving away from investing solely in the core property sectors.

Green Street is also launching a new suite of total return indexes, the flagship of which is the Green Street Commercial Property Return Index. This index is similar to the price index, with the new addition being the inclusion of the income component from investing in property.

“As more and more investors deploy capital into non-traditional property sectors, we thought our index of property prices should reflect that,” said Peter Rothemund, Senior Analyst at Green Street Advisors. “And it’s not like we’re giving up on core. Our new index is almost two-thirds core sectors and, in addition to the sector-level indexes we publish, there will be one that focuses exclusively on the core property types.”

• For more background and deeper information about this methodology change, please see blog: Non-Core Sectors Come of Age, CPPI Expanded
• For the latest monthly pricing update, please see Green Street's CPPI

About the Green Street Commercial Property Price Index

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.