Commercial real estate intelligence provider Green Street has expanded its Market Analytics suite with coverage of 334 tertiary markets in the U.S. across four core sectors: apartments, industrial, office and strip centers. The expanded coverage and advanced analytics will further empower CRE investors to make the best possible capital allocation decisions across a wider geographic area, the company said.
Green Street’s new tertiary market coverage largely mirrors that of its existing coverage of the Top 50 U.S. markets, complete with five-year forecasts for operating fundamentals, cap rate time series, market grades, and Commercial Property Price Indices (CPPIs). All data is standardized for easy comparability and delivered through an interactive user interface with enhanced Market Snapshot reports.
“The percentage of commercial real estate transaction volume occurring in tertiary markets has nearly doubled since 2018,” said Andy McCulloch, chief analytics officer. “The increased investor appetite for tertiary markets has not gone unnoticed by Green Street, and this market expansion is in response to client demand for high-quality data and analytics on these smaller cities. Importantly, the new package of tertiary market analytics follows our existing and time-tested valuation framework based on risk-adjusted returns.”
The tertiary market data will also be made available on Green Street API, Snowflake and Excel integrations to allow users to easily leverage these new insights in their day-to-day workflows.
