by Calculated Risk on 1/15/2016 02:23:00 PM

Here is a price index for commercial real estate that I follow. 

From CoStar: CRE Prices Continued Upward Climb in November

STRONG FUNDAMENTALS AND CAPITAL FLOWS SUPPORTED BROAD CRE PRICE GROWTH IN NOVEMBER. U.S. commercial real estate continued to post broad price gains in November 2015, with market fundamentals reflecting healthy levels of absorption and continued rental gains, even as construction levels slowly increased. The two broadest measures of aggregate pricing for commercial properties within the CCRSI — the value-weighted U.S. Composite Index and the equal-weighted U.S. Composite Index — each increased by 0.9% in November 2015, contributing to annual gains of 12.2% and 11.7%, respectively, for the 12 months ended November 2015.
emphasis added

Click on graph for larger image.

This graph from CoStar shows the the value-weighted U.S. Composite Index and the equal-weighted U.S. Composite Index indexes.

The value-weighted index increased 0.9% in November and is up 12.2% year-over-year.

The equal-weighted index increased 0.9% in November and up 11.7% year-over-year.

Note: These are repeat sales indexes - like Case-Shiller for residential - but this is based on far fewer pairs.