The Investment Property Databank's first annual commercial real estate index and quarterly indicator for the US revealed capital growth came to -12.2% in 2008. For the year to end-December 2008, the US all property income return totalled 5.4%, contributing to an overall total return of -7.4%.
The Investment Property Databank's first annual commercial real estate index and quarterly indicator for the US revealed capital growth came to -12.2% in 2008. For the year to end-December 2008, the US all property income return totalled 5.4%, contributing to an overall total return of -7.4%.
The inaugural IPD US Quarterly Indicator, which monitors quarterly movements in US commercial real estate value trends and returns, revealed that capital growth was -10.5% for the quarter ending 31March 2009. Over the same three-month period, US all property income return was 1.4%, contributing to an overall total return of -9.2%.
The Annual Index is backed by 10 years of historical data and was created from IPD's core US Portfolio Analysis Services, which began operations in Chicago in 2005 and measures the relative performance of individual funds against peer group benchmarks. The US IPD office has amassed data on $121 bn worth of US commercial real estate portfolios for the first Annual Index. The IPD said it expects the data to expand substantially in coming years.
