Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Moody’s Investor Services reported on Wednesday that its Moody’s/REAL Commercial Property Price Index, which tracks repeat sales, dropped 3.7 percent from March and 13 percent from a year earlier.   Bottom line:  this is strong evidence of the continuing fall of commercial real estate property prices.  Moody’s Index is now 49 percent below the peak of October 2007, and at its lowest point in data going back to December 2000, according to this Bloomberg report.  About 30% of the reported April transactions involved distressed real estate (which might be conservative;  this is defined by Moody’s as only those assets where a known default, foreclosure proceeding or bankruptcy of the owner has occurred). 

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.