Commercial Market May Have Hit Bottom
July 1, 2010
Source: The Wall Street Journal, Brian Louis
Commercial real estate may finally be climbing up off the mat, with both sales and values increasing in April.
The Moody's/REAL Commercial Property Price Index rose 1.7 percent from March, Moody's reported Monday.
Commercial real estate declined 41 percent from its peak in October 2007, hitting a low in October 2009. Property sales rose 50 percent in the first quarter from the same period a year ago to $15.4 billion, according to Real Capital Analytics.