Commercial Prices Continue to Drop
Commercial real estate prices fell 5.1 percent from June to July, according to Moody's/REAL Commercial Property Price Indices.
The index has been sliding steadily compared to last year and is down 30.8 percent compared to July 2008 and 38.7 percent below its peak in October 2007.
The volume of transactions also declined with sales during the first seven months of the year, averaging 375 per month, compared to 1,100 per month in 2008.
Source: The Associated Press (09/22/2009)
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