Property values have fully recovered the ground that was lost during the last downturn and values are now one percentage point above their '07 highs.

Commercial real estate values continue to benefit from a backdrop of low interest rates coupled with modest economic growth and it's likely the upward momentum in values witnessed so far will be sustained.

Green Street’s Commercial Property Price Index is a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions are currently being negotiated and contracted.

Features that differentiate this index are its timeliness, its emphasis on high-quality properties, and its ability to capture changes in the aggregate value of the commercial property sector.