The latest release of the Moody’s/REAL Commercial Property Index while showing a whopping 4.1% increase in prices since November, the second consecutive gain in fifteen months and the largest monthly gain on record, still continues to suggest that the nation’s commercial property markets are experiencing a tremendous downturn with prices declining 29.22% on a year-over-year basis and a stunning 40.8% 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.
