Red Capital Analytics Introduces the Industry’s First Comprehensive Suite of Price Indices for Commercial Real Estate
New York—Real Capital Analytics (RCA) recently announced the launch of the RCA Commercial Property Price Indices (RCA CPPI). The RCA CPPI is a suite of more than 200 transaction-based indices using repeat-sales methodology that objectively measure property prices across local, state, regional and national levels.
In 2007, RCA launched the first repeat-sales regression indices for commercial real estate called the Moody’s/REAL CPPI. These national indices quickly became an industry benchmark and are still published with Moody’s Investors Service as the Moody’s/RCA CPPI. The RCA CPPI suite was developed to complement the national indices published with Moody’s and uses the same methodology.
The indices will be calculated on a monthly basis and are powered by RCA’s property transaction database.
The RCA CPPI provides unique insight into market trends that may not always be apparent when using traditional approaches. In the inaugural release, summarized below, the indices highlight the uneven commercial real estate recovery to date but signal a broader rebound is underway.