Peter of Peter Rothemund Rothemund: ““Industrial, manufactured home parks, life science and medical office have all gained 10% or more over the past year.”

NEWPORT BEACH, CA—Property pricing this year has seen comparatively little movement whether the time frame is near-term or longer-term, judging by Green Street Advisors” Commercial Property Price Index. The composite index of the five major property sectors, increased by less than 1% in November, Green Street said Thursday. In fact, it has barely moved over the past 18 months.

That isn’t to say that values aren’t high, merely that they haven’t changed appreciably over the past six quarters, especially when compared to the significant upward curve seen in the two years following the current cycle’s late-2008 trough. Pricing overall is now more than 25% higher than the prior peak seen in 2007. On a trailing three-month basis, though, pricing is down about 1%, and likewise on a trailing 12-month basis,

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.