S&P and Global Real Analytics launch commercial real estate indexes

Standard & Poor’s, has joined with Global Real Analytics (GRA) to develop and publish the S&P/GRA Commercial Real Estate Indexes (SPCREX Indices).

Initially, there will be ten indexes consisting of five US regions (Pacific West, Desert Mountain, Midwest, Northeast, and Mid-Atlantic South), four national property sectors (office, retail, warehouse, and apartments), and one national composite index.

The indexes are expected to be up and running during the first quarter of 2007. The S&P/GRA Commercial Real Estate Indices will be calculated to reflect underlying real estate and capital market fundamentals by measuring the change in commercial

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