Commercial real estate follows home values. Down.

Commercial real estate prices are down by nearly half since 2007.

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    Moody’s/REAL Commercial Property Index showed a big 3.7 percent decline between March and April. Values have fallen by nearly half since their October 2007 peak. Click on chart to enlarge.
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The latest release of the Moody’s/REAL Commercial Property Index showed a notable monthly decline of 3.7% between March and April suggesting that the nation’s commercial property markets are continuing to slump through a tremendous downturn that has seen prices down some 48.95% since the peak set in October 2007.

It's important to note that the index has fallen to an all time series low clearly indicating that the nation's CRE markets have now followed the residential markets into double-dip territory.

The Moody’s/REAL CPPI data series is produced by the MIT/CRE but is noted to be “complimentary” to their alternative transaction based index (TBI) as it is published monthly and is formulated from a completely different dataset supplied by Real Capital Analytics, Inc and Real Estate Analytics LLC.

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