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REXXindex To Drill Down Into 15 Markets

NEW YORK CITY-The new commercial real estate indices will be supported by data from Cushman & Wakefield and Newmark Knight Frank.

By Katie Hinderer | Updated on November 29, 2006

NEW YORK CITY-Rexx Index LLC hopes to create transparent indices for the country’s office market with the help of data from Cushman & Wakefield and Newmark Knight Frank. The index will be based on the Frischer Kranz Rent Model.

The index will include a plethora of data, including interest rates, asking rents and leasing rents. “It makes a market transparent,” says Paul Frischer, managing member of Rexx Index. “We have enough data and a model that people can work with.” Plus the data will allow a person to look back 15 to 20 years in an individual market to see the specific impact of certain factors.

The index will focus on 15 major markets including Boston, Dallas, Los Angeles, Manhattan, Miami, San Francisco and Seattle. The Manhattan market will be divided into midtown and downtown markets.

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