Green Street Commercial Property Price Index Flat in August
September 7, 2018 | Green Street Advisors
The Green Street Commercial Property Price Index increased by less than half a percent in August. The index, which measures values across five major property sectors, has drifted sideways for the past two years.
“Property appreciation for most types of real estate, particularly the big sectors investors are focused on, has been pretty anemic over the past couple of years,” said Peter Rothemund, Senior Analyst at Green Street Advisors. “But there are quite a few outliers to that trend. Industrial values are up 20% over the past two years. Pricing in many of the niche sectors — manufactured home communities, medical office, life science, and student housing — has been rising rapidly as well.”
The sector indices were led over the past twelve months by the Manufactured Home index with a 16% gain, followed by Industrial with an 11% gain and Student Housing up 9% for the past 12 months.
Source: Green Street Advisors, LLC
