Like the MIT/CRE Property Index, Standard & Poor’s also tracks commercial real estate (CRE) prices for various commercial property types.Although recent results have revealed some slowing across all classes of commercial real estate, December’s results show a continuation of price growth.
All components experienced growth both on a year-over-year basis and as compared to the prior monthly result with the greatest gains seen in office properties.
The charts below show the National index and the component indices since 1993 (click for larger).
This report will be particularly important to monitor over the next few months as continued growth and stability would surely quell much concern over potential spillover effects of the recession and credit crunch on to commercial real estate.
