Capitalytics

**Regression for Commercial Real Estate Price Index**

	Dependent variable (+/- SE):

	Commercial Real Estate Price Index

Constant	314.925 (+/- 7.257)
	p = 0.000^***
Real GDP growth	-13.579 (+/- 1.060)
	p = 0.000^***
Nominal GDP growth	12.601 (+/- 0.940)
	p = 0.000^***
1-month Treasury Yield	42.778 (+/- 15.345)
	p = 0.009^***
7-year Treasury Yield	-88.149 (+/- 9.090)
	p = 0.000^***
3-year Treasury Yield	98.928 (+/- 20.705)
	p = 0.00005^***
1-year Treasury Yield	-68.476 (+/- 23.853)
	p = 0.008^***
3-month Treasury Yield_2	28.619 (+/- 7.113)
	p = 0.0004^***
1-month Treasury Yield_2	-28.172 (+/- 8.334)
	p = 0.002^***

Observations	40
R²	0.959
Adjusted R²	0.949
Residual Std. Error	10.373 (df = 31)
F Statistic	91.060^*** (df = 8; 31)

Note:	^p<0.1; ^p<0.05; ^**p<0.01