Industrial and logistics real estate repeat sales index in the U.S. 1996-2024

The CoStar Commercial Repeat-Sales Index (CCRSI) for industrial and logistics real estate in the United States plateaued in 2023, after more than a decade of steady growth. The index measures the development of sales prices of industrial properties, with 2000 chosen as a base year. An index value of 200 means that sales prices have doubled since 2000. In March 2024, the value-weighed index, which is more representative of the high-value deals in core markets, hit 386 index points, down from a market peak of 412 in September 2022. The equal-weighed index is more influenced by the lower-priced deals that comprise the higher share of transactions. It stood at 390 index points in March 2024, down from a market peak of 386 in September 2022.