In January, the Green Street Commercial Property Price Index saw a modest increase of 0.3% from the previous year-end. Despite this growth, the all-property index remains 21% below its peak in March 2022 and has decreased by nearly 9% on a year-over-year basis.
According to Peter Rothemund, co-head of strategic research at Newport Beach-based Green Street, most property types have reached their lowest pricing point. However, office properties are an exception as values are expected to continue declining.
Green Street data shows that offices have experienced the sharpest decline in both year-over-year and peak comparisons. On the other hand, apartments have shown a strong rebound in monthly pricing but still remain down compared to last year and their peak levels.
The post Commercial Real Estate Pricing Sees Modest Increase in January appeared first on Connect CRE.
