How does ReXX differ from other property indices?
ReXX is based on current market asking rent and lease information, inflation and interest rate data. This produces an index that more accurately reflects the changes in value of commercial real estate than lagging appraisal or transaction-based indices. With 15 individual metro markets and the All Market Composite Index, ReXX provides a granular view of the market. Real estate performance is location specific, and ReXX provides important geographic changes in value not available in other indices. Appraisal-based indices are lagging indicators, sometimes by as much as one year, and represent a relatively smaller number of properties. Transaction-based indices apply smoothing techniques and mathematical formulas to repeat sales data that may distort their correlation with real property.
