Commercial Property Index Declined in September
The Green Street index fell slightly as commercial real estate values fluctuated.
Updated on Oct. 6, 2026 in Commercial
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The Green Street Commercial Property Price Index decreased 0.1% in September. This index, which tracks unleveraged U.S. commercial property values, has risen 4.7% over the past twelve months.
Why it matters
The index reflects prices at which commercial real estate transactions are currently being negotiated, providing a pulse on the broader market climate. Projections suggest property values may continue to decline if current yield increases persist.
The Green Street index fell 0.1% during September, marking a shift following a 4.7% gain over the last twelve months. It is currently unclear how specific property sectors with varying fundamentals will trend in the coming months.
The players
Green Street
A firm with 40 years of operation that provides research and data services to 4,000 companies across the commercial real estate sector.
The details
The index tracks the prices at which commercial real estate transactions are currently being negotiated and contracted. By measuring unleveraged U.S. commercial property values, the data illustrates how investors are currently pricing these assets. While prices have trended upward over the last year, future valuations are expected to hinge on whether current yield increases continue or stabilize.
Timeline
The index decreased 0.1% during September 2026.
The index increased 4.7% over the last twelve months.
Money Landscape
This decline represents a deviation from the 4.7% growth trend observed over the past year. The broader commercial real estate environment remains sensitive to yield fluctuations, which historically influence property valuation patterns.
If you hold commercial real estate assets, this index suggests that deal-making values are cooling, which could impact future appraisal expectations. Consult with a qualified financial or tax professional to understand how current market yields might affect your specific holdings or portfolio strategy.
The takeaway
Commercial real estate pricing is signaling a potential change in direction following a period of year-long growth. Investors should monitor yield trends, as property pricing is expected to hold up better in sectors with solid growth fundamentals than in those with limited upside.
Further reading
For broader trends in the market, explore our Commercial section.
Live Poll
Do you feel commercial real estate values are currently heading in the right direction?
