The latest release of the Moody’s/REAL Commercial Property Index showed another notable monthly decline of 0.5% since February suggesting that the nation’s commercial property markets are continuing to experience a tremendous downturn with prices down some 24.94% on a year-over-year basis and a stunning 42.18% 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.
