Commercial real estate follows home values. Down.
Commercial real estate prices are down by nearly half since 2007.
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.
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'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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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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