by Rebecca Walker — May 29, 2009—IPD, the global real estate performance analysis and benchmarking specialist, has published its first-ever annual commercial real estate index and quarterly indicator for the U.S., backed by 10 years of historical data.
According to the IPD U.S. Annual Property Index, capital growth was -12.2% in 2008. For the 12 months to the end of December 2008, all U.S. property income return was 5.4%, contributing to an overall total return of -7.4%.
The Annual Index is born out of IPD’s core U.S.Portfolio Analysis Services, which began operations in Chicago in 2005 and measure the relative performance of individual funds against peer group benchmarks. The U.S. IPD office has amassed data on $121 billion worth of U.S. commercial real estate portfolios for the first Annual Index, data which is expected to expand substantially in coming years.
The inaugural IPD US Quarterly Indicator, which monitors quarterly movements in U.S. commercial real estate value trends and returns, revealed that capital growth was -10.5% for the quarter ending March 31, 2009. Over the same three-month period, U.S. all property income return was 1.4%, contributing to an overall total return of -9.2%.
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