The latest release of the Moody’s/REAL Commercial Property Index showed another notable monthly increase of 0.6% since October suggesting that the nation’s commercial property markets are continuing to slump through a tremendous downturn that has seen prices down some 38.54% since the peak set in October 2007. It's important to note that while the commercial property markets have seen significant downward price movement, the latest data-point marks the third consecutive year-over-year gain.
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.
Labels: CRE, economy
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