NCREIF Property Index

The NCREIF Property Index (NPI) is a comprehensive measure that tracks the investment performance of institutional-grade commercial real estate properties in the United States, such as office buildings, warehouses, and retail centers. It reflects changes in property values and income over time, providing investors and analysts with insights into how these types of real estate investments are performing financially. The index is used as a benchmark to evaluate the success of real estate investments and to compare performance across different properties or portfolios, offering a reliable, data-driven view of the commercial real estate market’s stability and growth.