The S&P/GRA Commercial Real Estate Indices (SPCREX™) are designed to be a reliable and consistent benchmark for commercial real estate prices in the United States. These indices measure the change in commercial real estate prices by property sector and geographic region. The S&P/GRA Commercial Real Estate Indices comprise ten commercial real estate indices: a national composite, five geographic regions, and four national property sectors.
The indices are calculated monthly using a three-month moving average and published with a three month lag. New index levels are released at 9am EST on the second to last Tuesday of every month.
Partnership
The indices are maintained and published under agreements between Standard & Poor’s and GRA/Charles Schwab Investment Management (CSIM).
Index Governance
The S&P/GRA Commercial Real Estate indices are maintained and governed by the S&P/GRA Index Committee. Three members are appointed by Standard & Poor’s, two members are appointed by GRA; Standard & Poor’s designates the Index Committee Chairman. The Index Committee has full discretion over index policy including calculations, revisions, restatements, methodology and any other matters related to the SPCREX™ Indices to determine how the indices are calculated.
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