Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q1 2025 about real estate, commercial, rate, and USA.

Commercial property prices in the U.S. plateaued in 2025 after declining in 2023. Between 2014 and 2021, commercial real estate prices nearly doubled, with the index reaching ***** index points. Following a slowdown in the market, the index declined, falling to ****** index points in the second quarter of 2025. Despite the correction, this indicated an increase of almost ** percent in prices since 2010, which was the baseline year for the index. How have prices of different property types developed over the past years? After more than a decade of uninterrupted growth, office real estate prices started to decline in 2022, reflecting a decline in occupier demand and a tougher lending environment. Industrial real estate prices, which have grown rapidly over the past few years, also experienced a correction in late 2022. Retail real estate prices displayed most resilience amid the difficult economic environment, with the equal-weighted repeat sales index remaining stable. How much is invested in new commercial properties? The value of commercial real estate construction has been on the rise since 2010 in the United States. This trend mirrors the recovery seen across all economic sectors after the 2007-2009 recession. However, investment volumes in commercial property vary by type, with private office space, warehouses, and retail leading the pack.

Graph and download economic data for Interest Rates and Price Indexes; Commercial Real Estate Price Index, Level (BOGZ1FL075035503A) from 1945 to 2024 about real estate, commercial, interest rate, interest, price index, rate, indexes, price, and USA.

View quarterly updates and historical trends for US Commercial Real Estate Price Index - Interest Rates and Price Indexes. from United States. Source: Fed…

Commercial Real Estate Prices for United States was -1.73986 % Chg. from Yr. Ago in January of 2025, according to the United States Federal Reserve. Historically, Commercial Real Estate Prices for United States reached a record high of 16.13922 in April of 2006 and a record low of -30.24535 in October of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Commercial Real Estate Prices for United States - last updated from the United States Federal Reserve on November of 2025.

Graph and download economic data for Financial Soundness Indicator; Commercial Real Estate Prices (Year-over-Year Percent Change), Level (BOGZ1FL010000386A) from 1946 to 2024 about real estate, commercial, percent, indexes, price, and USA.

Graph and download economic data for Financial Soundness Indicator; Commercial Real Estate Prices (Year-over-Year Percent Change), Level (BOGZ1FL010000386Q) from Q4 1946 to Q2 2025 about real estate, commercial, percent, indexes, price, and USA.

In 2023, the return of the national NCREIF Property Index in the United States declined for the first time since 2009. The annualized total return of the index plummeted in 2023, followed by a slight increase in 2024. Just three years ago, in 2021, the rate of return of the index hit **** percent. The NCREIF Property Index reflects the change in prices of commercial real estate for investment purposes in the United States. Property types with the highest cap rates Cap rates, which measure the expected return rate of a real estate asset, were the highest for retail properties in 2023. While a higher cap rate indicates a higher rate of return, it is also associated with higher risk: The multifamily sector, which has enjoyed steady and robust growth in recent years, had the lowest cap rate of all commercial property types. Commercial property area with the best development prospects In 2025, the real estate development opportunities for single-family housing were deemed to be the best when compared with other types of commercial property. Industrial real estate includes warehouses, factories, and big box distribution centers.

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.7% in Q2 2025, up from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are climbing, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has strengthened demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also moderating, with the boom in e-commerce and industrial construction activity in 2021 and 2022 moderating more recently. Industry revenue has gained at a CAGR of 1.7% to reach $1.5 trillion through the end of 2025, including a 1.0% climb in 2025 alone. The industry is grappling with multiple challenges, including wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. Despite interest rate cuts in 2024 and 2025, economic uncertainty and labor market weakness have resulted in tighter credit and lending conditions. Because of remote working trends, office delinquency rates swelled to above 14.0% in 2025, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates will likely improve, and rents may gradually climb. The data center segment will witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.7 trillion in 2030.

The CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States started to decline in the second half of 2022, after more than a decade of steady growth. The index measures the development of sales prices of multifamily properties, with 2000 chosen as a base year. An index value of *** means that sales prices have doubled since 2000. In March 2024, the value-weighed index, which is more representative of the high-value deals in core markets, hit *** index points, down from a market peak of *** in June 2022. The equal-weighed index is more influenced by the lower-priced deals that comprise the higher share of transactions. It stood at *** index points in March 2024, down from a market peak of *** in June 2022.

Graph and download economic data for Producer Price Index by Commodity: Real Estate Services (Partial): Office Buildings, Gross Rents (WPU43110101) from Dec 2008 to Sep 2025 about real estate, rent, buildings, gross, services, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Savings Institutions: Commercial, Industrial, and Agricultural Loans, Except Real Estate was 301.95200 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Savings Institutions: Commercial, Industrial, and Agricultural Loans, Except Real Estate reached a record high of 324.36200 in December of 2023 and a record low of 66.80000 in March of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Savings Institutions: Commercial, Industrial, and Agricultural Loans, Except Real Estate - last updated from the United States Federal Reserve on December of 2025.

Retail properties had the highest capitalization rates in the United States in 2023, followed by offices. The cap rate for office real estate was **** percent in the fourth quarter of the year and was forecast to rise further to **** percent in 2024. Cap rates measure the expected rate of return on investment, and show the net operating income of a property as a percentage share of the current asset value. While a higher cap rate indicates a higher rate of return, it also suggests a higher risk. Why have cap rates increased? The increase in cap rates is a consequence of a repricing in the commercial real estate sector. According to the National NCREIF Property Return Index, prices for commercial real estate declined across all property types in 2023. Rental growth was slow during the same period, resulting in a negative annual return. The increase in cap rates reflects the increased risk in the investment environment. Pricing uncertainty in the commercial real estate sector Between 2014 and 2021, commercial property prices in the U.S. enjoyed steady growth. Access to credit with low interest rates facilitated economic growth and real estate investment. As inflation surged in the following two years, lending policy tightened. That had a significant effect on the sector. First, it worsened sentiment among occupiers. Second, it led to a decline in demand for commercial spaces and commercial real estate investment volumes. Uncertainty about the future development of interest rates and occupier demand further contributed to the repricing of real estate assets.

Graph and download economic data for Producer Price Index by Commodity: Real Estate Services (Partial): Retail Properties, Gross Rents (WPU431102) from Apr 2009 to Sep 2025 about real estate, rent, gross, retail, services, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Commercial Banking: Residential Real Estate Loans, Except Home Equity was 87.27400 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Commercial Banking: Residential Real Estate Loans, Except Home Equity reached a record high of 116.07600 in May of 2024 and a record low of 50.70000 in May of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Commercial Banking: Residential Real Estate Loans, Except Home Equity - last updated from the United States Federal Reserve on October of 2025.

The house price index, sourced from S&P Dow Jones Indices LLC, tracks fluctuations in the U.S. housing market. By analyzing single-family home prices across the nine Census divisions, this index offers a comprehensive view of shifts in nationwide residential property values.The index tracks shifts in housing prices while controlling for quality. It intentionally excludes variations in house types, sizes, or physical features, ensuring that these factors do not distort the accuracy of the index. The figures are provided monthly, with the index based on January 2000.

United States - Producer Price Index by Industry: Commercial Banking: Commercial, Industrial, and Agricultural Loans, Except Real Estate was 183.24200 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Commercial Banking: Commercial, Industrial, and Agricultural Loans, Except Real Estate reached a record high of 238.47800 in February of 2023 and a record low of 66.60000 in March of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Commercial Banking: Commercial, Industrial, and Agricultural Loans, Except Real Estate - last updated from the United States Federal Reserve on November of 2025.

The CoStar Commercial Repeat-Sales Index (CCRSI) for hospitality real estate in the United States increased in **********, after two mild corrections in the previous year. In **********, the index stood at *** index points, down from a market peak of *** index points in **************. The index measures the development of sales prices of hospitality properties, with 2000 chosen as a base year. An index value of *** means that sales prices have doubled since 2000.

United States - Producer Price Index by Industry: Commercial Banking: Nonresidential Real Estate Loans was 429.57300 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Commercial Banking: Nonresidential Real Estate Loans reached a record high of 554.58900 in February of 2023 and a record low of 83.70000 in July of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Commercial Banking: Nonresidential Real Estate Loans - last updated from the United States Federal Reserve on November of 2025.

The CoStar Commercial Repeat-Sales Index (CCRSI) for office real estate in the United States started to fall in 2022, after more than a decade of steady growth. The index measures the development of sales prices of office properties with 2000 chosen as a base year. An index value of *** means that sales prices have doubled since 2000. In March 2024, the value-weighed index, which is more representative of the high-value deals in core markets, hit *** index points, down from a market peak of *** in December 2021. The equal-weighed index is more influenced by the lower-priced deals that comprise the higher share of transactions. It stood at *** index points in March 2024, down from a market peak of *** in June 2022.