The latest release of the Moody’s/Real Commercial Property Indices for the top ten metropolitan statistical areas (MSA) indicated that while apartment and industrial property prices continued to decline in the fourth quarter 2009, retail property prices increased slightly and office properties showed a significant bounce.Office properties showed the most notable gain increasing 26.85% from Q3 2009 but still remained some 14.59% below the level seen in Q4 2008.
Industrial properties show the weakest results falling 2.77% from Q3 2009 and remaining 27.28% below the level seen in Q4 2008.
These series track prices in the metropolitan statistical areas with the most transaction by dollar volume and generally account for 50%-80% of the transactions included in the national commercial property price index.
