Commercial Property Price Index Report Q4 2025

This document is a report detailing the RCA Commercial Property Price Index (CPPI) for the United States as of the fourth quarter of 2025. It outlines the changes in commercial property prices across various sectors, including office, industrial, retail, and apartment markets. The report indicates a slight increase of 0.2% in the national all-property index compared to the previous year, although recent months have shown a softening in price growth. It presents specific trends, such as suburban office prices rising by 2.7% year-over-year, while central business district (CBD) office prices fell by 2.9%. The industrial sector maintained a modest annual growth of 2.0%, despite a monthly decline of 0.3%. Retail prices also saw a decrease of 0.5% from November, while apartment prices experienced a marginal gain but ended the year 1.3% lower than the previous year. The report includes detailed statistics and comparisons across major and non-major metro areas.