The latest release of the Moody’s/REAL Commercial Property Index while showing a 1% increase in prices since October, the first gain in fourteen months, still continues to suggest that the nation’s commercial property markets are experiencing a tremendous downturn with prices declining a whopping 33.5% on a year-over-year basis and a stunning 43% since the peak set in October 2007.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.
