Green Street, the Newport Beach, California-based provider of commercial real estate data and insights, announced the launch of its inaugural Canadian Commercial Property Price Index (CPPI).
According to the company, the Canadian CPPI is designed to help market participants better understand pricing movements across key property types and make more informed capital allocation, underwriting and portfolio strategy decisions. The Canadian CPPI joins Green Street’s established US and European indices in providing information on the commercial real estate transactions currently being negotiated and contracted.
“In Canada, investors have often had to piece together pricing signals from transactions, fund marks and market anecdotes that do not always move at the same pace,” said Fred Blondeau, managing director and head of Canadian research at Green Street. “Canadian CPPI brings those signals into a more consistent framework, giving the market a clearer view of how values are changing across property sectors and where pricing may be diverging from underlying fundamentals.”
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