Commercial Property Prices See Strongest Annual Gain Since 2022

MSCI's latest CPPI report shows a 2.1% annual gain in commercial property prices, led by a surprising surge in suburban office and industrial assets.

By: AXL Media

Published: Apr 27, 2026, 7:10 AM EDT

Source: Bisnow

Performance by Asset Class

The recovery is not uniform, with specific sectors significantly outperforming others:

Suburban Office: Led the market with a robust 5.1% annual price jump, outstripping its urban counterparts.

Industrial: Continued its steady climb with a 2.3% increase over the last twelve months.

Central Business District (CBD) Office: Saw a modest 1.4% gain, though this still represents the sector's strongest performance since Q2 2022.

Multifamily: Prices remained flat for Q1, finally stabilizing after three consecutive years of declines.