Green Street: Medium-Term Interest Rates Stall CRE Price Growth

The Green Street Commercial Property Price Index remained unchanged in October, with a 3% increase in the all-property index for the year. Medium-term interest rates have hindered expected property appreciation. While apartment prices rose 12% year-over-year, other sectors like malls and strip retail saw smaller gains, and industrial and healthcare properties remained stable. However, net lease and manufactured home parks experienced declines of up to 3%, with office and self-storage sectors dropping by 8%.