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S&P launches US commercial real estate indexes

S&P and real estate research and investment management group GRA have launched 10 S&P/GRA commercial real estate indexes (SPCREX), which measure the changes in commercial real estate prices by property sector and geographic region in the US.

The indexes comprise 10 commercial real estate indexes: a national composite, five geographic regions (Desert Mountain West, Mid-Atlantic South, Midwest, Northeast, and Pacific West) and four national property sectors (apartments, office, retail, and warehouse).

Property sales that are included in the indexes must be identified as closed transactions in the defined commercial real estate regions

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