NEW YORK CITY-Based on a growing share of distressed transactions, commercial property price indexes (CPPI) declined by 4.2% earlier this year, bringing the index to its lowest level since October 2007’s peak, according to a May 2011 report prepared by Moody’s, in conjunction with Real Estate Analytics, LLC and the MIT Center For Real Estate. At the same time, the CRE market is showing some signs of life, as a recent pick-up in the volume of transactions is setting the stage for renewal, the report finds.

“The CPPI continues to bounce along the bottom as a large share of distressed transactions preclude a meaningful recovery of overall market prices at this time,” says Tad Philipp, Moody’s director of CRE research, in a statement. The index is now at its lowest point post peak, 47% below its October 2007 peak. “Indeed, the post-peak low in price has been reached in the same period as a post-peak high in distressed transactions has been recorded,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.