Real Estate Market Update: Rebounding Commercial Real Estate Prices
As shown by the chart below, the Green Street Commercial Property Price Index reported increases in values across commercial real estate sectors over the last three months (dark-colored bars). 👇
Apartments, senior housing and medical offices recorded the strongest price improvements.
Green Street’s forward-looking net operating income growth estimates (light-colored bars) increased dramatically in self-storage and decreased slightly in apartments and industrial, although NOI in those sectors remains robust.
We believe the bottom in real estate prices is behind us and prices should improve as cap rates moderate through the remainder of 2024.
If you are an RIA interested in exploring opportunities in real assets, including commercial real estate, we welcome you to contact us today.​ ​