When looking at trends in any market, there is often folly in focusing on immediate changes in data. Up-and-down data movement over a short horizon usually creates chatter that can cause whiplash and clouds the vision of investors. 

But the issue of chatter isn't one only for an hourly or daily or even weekly fixation. It can happen in a year over year comparison because the aggregation leaves you with only two data points that feed into either concern or euphoria and may seem more important than they are.

A new Green Street report by Managing Director and Co-Head of Strategic Research, Daniel Ismail and Harsh Hemnan, analyst on the net lease and ground lease sector teams, looked at the Q2 CRE transaction results for 2023 as well as the first half roll-up.

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