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**Green Street CPPI Holds Steady in June**
The Green Street Commercial Property Price Index (CPPI) remained unchanged in June, holding steady at 127.8. All individual property types included in the index also showed no movement during the month. Over the past year, the overall index has increased by 3.4%, although individual sectors have experienced varied performance, with some property types rising as much as 9% and others falling by as much as 6%.
“Property pricing hasn’t changed much this year,” said Peter Rothemund, co-head of strategic research at Green Street. “Interest rates remain elevated, and that’s kept pricing in check.”
The office sector remained flat on a year-over-year basis and has declined by 37% compared to its recent peak in 2022. In a surprising turn, shopping malls — a segment once thought to be in decline following the COVID-19 pandemic — recorded the strongest year-over-year pricing growth and the smallest overall drop from the 2022 peak. On the other hand, lodging properties saw a year-over-year decline of 6%.
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