NEWPORT BEACH, CA—Pricing as measured by the Green Street Commercial Property Price Index was essentially unchanged in January, Green Street Advisors said Tuesday. The index, which measures values across five major property sectors, has declined by 1% over the past year, and was up 25.8% over the prior 2007 peak.

“Commercial property values have, for the most part, been steady, but performance depends on the type of property,” says Peter Rothemund, senior analyst at Green Street. “Industrial pricing continues to set new highs, while strip retail values have recently moved lower. Other property types are little changed of late.”

Industrial and strip retail were the only sectors in which pricing during January wasn't essentially flat. Strip retail values declined by 3%, while those for industrial properties rose by 2%. Over a three-month period, strip retail pricing has fallen by 4%, while values for industrial rose by the same percentage.