Why it matters
Green Street's CPPI is the leading indicator of CRE pricing because it is derived from public-market REIT trading rather than waiting for closed transactions. Per Peter Rothemund (Green Street, Co-Head of Strategic Research), the May 6 2026 release showed: "the Green Street Commercial Property Price Index decreased 0.1% in April … Over the past twelve months, the all-property index has increased 3.1%."
How CRE teams consume it
Monthly press release is free and scrapeable; underlying sector decompositions and historical series sit behind a subscription. Cross-reference with MSCI RCA CPPI (transaction-based) to triangulate signal vs. lag.
Caveats & limitations
REIT-derived — leads transaction-based indexes but can overshoot. Subscription required for underlying sector indexes and methodology detail.
Use cases
- Pricing direction monitoring
- REIT vs. private arbitrage analysis
- Marking-to-market discussions