Green Street Expands Beyond Commercial Real Estate With New Infrastructure Platform

Green Street has launched Green Street Infrastructure, a new platform that extends the company’s research, news and market data coverage beyond its long-standing commercial real estate focus and deeper into infrastructure. According to Bisnow National, the move has been in development for several years and follows Green Street’s 2024 acquisition of IJGlobal, a provider of infrastructure news and data.

Daniel Ismail, Green Street’s co-head of strategic research, said the launch reflects a broader shift in how investors view real assets. He said the divide between commercial real estate and infrastructure is narrowing, with sectors such as data centers increasingly sitting at the intersection of both.

Key Details

Green Street, which has provided research, news and predictive analytics to the commercial real estate industry for more than 40 years, said the new platform builds on its ability to deliver real-time market data and exclusive news to both CRE and infrastructure audiences.

The company has already added transportation sector coverage and plans to expand further into infrastructure debt capital markets, according to Ismail. He also said utilities, energy and renewables are expected to be future areas of research.

In discussing the market backdrop, Ismail said infrastructure is attracting growing institutional investor interest while CRE continues to recover from the impact of higher real rates in recent years. He said infrastructure metrics including transaction volumes, fundraising and total returns in public and private markets are performing well.

On allocations, Ismail cited Hodes Weill data showing institutional investors generally target infrastructure at 6% of total portfolios and currently sit about 1% below that level. He contrasted that with commercial real estate, where target allocations have been relatively flat.

He also drew a distinction between the two sectors. Green Street tracked roughly $400B of CRE transactions across about 20,000 deals last year, compared with about $470B of infrastructure deals across 1,500 transactions, which he said underscores the larger average size and more idiosyncratic nature of infrastructure assets.

Data centers remain a major crossover category. Ismail said demand continues to grow, with hundreds of billions of dollars flowing into data center equity and debt, and added that data center REITs have outperformed the aggregate REIT index by 20 percentage points year to date.

Why It Matters

For commercial real estate professionals, the launch signals that research providers are increasingly treating CRE and infrastructure as part of the same real assets conversation. That has implications for where assets such as data centers, healthcare, cold storage and student housing are categorized inside institutional portfolios.

It also suggests investors, lenders and borrowers may need broader market intelligence across both equity and debt as capital moves between adjacent asset classes. If the boundaries between property types and infrastructure assets keep fading, the way deals are priced, compared and pursued could continue to evolve.