Moody's reported that its Commercial Property Price Index (CPPI) was up 5% in July and that most of the increase was due to middle market asset pricing: As in June, the broad middle market (non-major assets and non-distressed assets) drove the bulk of the overall increase of 5.0% in the July ... More
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More on Moody’s CPPI July Results
Tuesday, September 27th, 2011CBRE Cap Rate Survey 2011
Monday, September 12th, 2011As we've referenced before, CBRE's Capital Markets Group conducts one of the more useful cap rate surveys available. You may view the full report on Scribd. An excerpt of CBRE's commentary from this report: U.S. commercial real estate markets have been in recovery for well over a year now. Low interest rates ... More
Moody’s: CPPI rose 0.9 percent in June
Tuesday, August 23rd, 2011Moody's/REAL Commercial Property Price Index rose 0.9% in June, after jumping 6.6% in May. Three of the four Moody's property type indices showed prices gains in the second quarter: office space with a 8.9% gain; industrial 2.5%; and apartments 0.6%. The retail index faltered a bit, dropping 0.3% over the last ... More
Commercial Real Estate Liquidity Improves
Monday, August 8th, 2011One of the most interesting indices we follow is the Transactions-Based Index (TBI). In order to calculate this index, MIT's Center for Real Estate uses data collected from the NCREIF Index database. While it does have its own price index, one of the more unique measurements this analysis includes is ... More
Moody’s/REAL CPPI vs. MSCI REIT Index
Tuesday, August 2nd, 2011As Moody's continues to compare their overall CPPI to a non-distressed, 6-city trophy index, it made me wonder how the overall performance of the MSCI REIT Index compared to Moody's/REAL CPPI. Then, it occurred to me to consider Green Street's Commercial Property Price Index, too. Note: All indices are indexed to ... More
Moody’s/REAL CPPI vs. S&P Case Shiller Update
Tuesday, July 26th, 2011Following a 6.3 percent increase in Moody's/REAL Commercial Property Price Index, S&P's Case/Shiller Home Price 20-City Composite Index increased by 1.0 percent in May. This index appears to be somewhat of a leading indicator for commercial property prices. It led the CPPI in its downward descent, and appears to have ... More
Moody’s/REAL CPPI jumps 6.3% in May
Monday, July 25th, 2011After hitting a new low in April for the index (which dates back to December 2000), the CPPI popped back into positive territory for the month of May, 2011. All Property Type Aggregate Index recorded its first increase in six months and its largest one month jump since its inception. ... More
Moody’s/REAL CPPI vs. S&P Case Shiller
Monday, June 20th, 2011Calculated Risk is known for its informative graphics. One of our favorites is the comparison between S&P's Case-Shiller Housing Price Index and Moody's/REAL Commercial Property Price Index. But, the last one we were able to find was about 12 months old. An updated one in Google Charts is below. What is ... More
Moody’s/REAL CPPI in Google Charts
Friday, June 17th, 2011Recently, I've been toying around with Google Charts.... and finally getting the hang of it! Below is a chart of Moody's/REAL CPPI by asset class. I've demo'd other charting utilities, such as Blytic and Tableau Public, with limited success. I knew that Google had charting abilities in their Google Docs service, ... More
Green Street vs. Moody’s CPPI: What’s reality?
Thursday, August 25th, 2011Green Street Advisors recently published the July results of their Commercial Property Price Index (CPPI). The Green Street Advisors Commercial Property Price Index (GSA CPPI) remained unchanged in July. Properties have increased in value by more than 45% from the '09 trough, which means that three-quarters of the decline that ... More
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