NCREIF Property Index is a quarterly time series composite total rate of return measure of investment performance of a very large pool of individual commercial real estate properties acquired in the private market for investment purposes only.
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National NCREIF Property Index annual return in the U.S. 2025, by property type
Retail was the commercial property type with the highest annual return in the U.S., according to data by the NCREIF Property Index as of the fourth quarter of 2025. Conversely, offices had the lowest annual returns, at *** percent. The NCREIF Property Index reflects the change in prices of commercial real estate for investment purposes.
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NCREIF. (January 26, 2026). Annual return of the national NCREIF Property Index in the United States in 4th quarter 2025, by property type [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 26, 2026, from /statistics/943202/ncreif-index-returns-usa-by-property-type/
NCREIF. "Annual return of the national NCREIF Property Index in the United States in 4th quarter 2025, by property type." Chart. January 26, 2026. ÌÇÐÄÆÆ½â°æ. Accessed July 26, 2026. /statistics/943202/ncreif-index-returns-usa-by-property-type/
NCREIF. (2026). Annual return of the national NCREIF Property Index in the United States in 4th quarter 2025, by property type. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 26, 2026. /statistics/943202/ncreif-index-returns-usa-by-property-type/
NCREIF. "Annual Return of The National Ncreif Property Index in The United States in 4th Quarter 2025, by Property Type." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 26 Jan 2026, /statistics/943202/ncreif-index-returns-usa-by-property-type/
NCREIF, Annual return of the national NCREIF Property Index in the United States in 4th quarter 2025, by property type ÌÇÐÄÆÆ½â°æ, /statistics/943202/ncreif-index-returns-usa-by-property-type/ (last visited July 26, 2026)
Annual return of the national NCREIF Property Index in the United States in 4th quarter 2025, by property type [Graph], NCREIF, January 26, 2026. [Online]. Available: /statistics/943202/ncreif-index-returns-usa-by-property-type/