Columbia CompStak Rent Index

The first quality-adjusted CRE rent index built on net effective rents, delivering a clearer view of market fundamentals nationwide.

Columbia CompStak Rent Index

National: Office

Last updated: July 2026Index through: May 2026

2010 Q12012 Q12014 Q12016 Q12018 Q12020 Q12022 Q12024 Q12026 Q1Execution Date (Month End)$20$25$30$35$40Quality-Adjusted Net Effective Rent ($/sqft)
Constant Quality Model
95% Confidence Interval

Insights

The Columbia CompStak Rent Index (CCRI) is designed to provide a consistent view of commercial rent fundamentals over time. It's built by Columbia Business School Faculty using verified lease transactions from CompStak. By holding quality constant, the index helps separate real market movement from leasing trends at a given moment. As of May 2026, the CCRI National shows:

  • Office: $36.39 (2.21% MoM, 7.41% YoY)
  • Retail: $33.74 (1.12% MoM, 1.53% YoY)
  • Industrial: $11.92 (-2.40% MoM, 3.94% YoY)

To learn more about the index and methodology, read the research paper: SSRN, working paper No. 5841322, December 2025

Boaz Abramson, Gaurav Choudhary, Joel Kim, Tomasz Piskorski, Ziyi Qiu, Stijn Van Nieuwerburgh and Wayne Yu

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