Monday, March 22, 2010

Commercial Cataclysm!: Moody’s/REAL Commercial Property Price Index January 2010

The latest release of the Moody’s/REAL Commercial Property Index while showing a 1.01% increase in prices since December 2009, the third consecutive monthly gain, still continues to suggest that the nation’s commercial property markets are experiencing a tremendous downturn with prices down some 24.31% on a year-over-year basis and a stunning 40.10% 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.