Commercial property prices rose 0.4% in March, a modest improvement that is being hindered by an elevated 10-year Treasury, according to the latest Green Street report.
March’s increase is an improvement from a 0.2% rise in February, and prices have grown 2.6% over the last 12 months, according to Green Street’s Commercial Property Price Index.
Among the primary property types, multifamily pricing fell 0.3% in March, industrial and office were flat, malls rose 1.1%, and strip retail rose 1%. Data center pricing was also flat last month, though it is up 6% over the last year, tied with healthcare for the best…