Level is calculated after 1989:Q4 benchmark as the previous level, plus the unadjusted transactions, plus capital gains. The unadjusted transactions are net investment in nonresidential structures (FOF series FU165013665). Capital gains are calculated using a commercial real estate price index (FOF series FI075035503) plus 15 percent of net investment in nonresidential structures to account for land purchases. Data for the past ten years show no significant seasonality.
Last edited on: 03/06/2023