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.

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