The Green Street Commercial Property Price Index was unchanged in June 2026 from the previous month. Over the past 12 months, the all-property index has increased 4.1%, while pricing overall is still down 14% from the 2022 peak.
“Price gains have been modest because cap rates continue to be quite sticky,” said Peter Rothemund, co-head of strategic research at Green Street. “And it’s unlikely that things change over the near term. Interest rates are high enough that pricing is likely to remain in a tight range.”
Although pricing was flat across the board on a month-over-month basis, the picture was more varied for individual property types on a year-over-year basis and compared to the 2022 peak. The strongest Y-O-Y gains were posted by malls, office, strip retail, data centers, healthcare and manufactured home parks. Office still has farther to go than any other property type in terms of pricing recovery to peak levels.
