U.S. commercial real estate prices fell 3.3% in August, according to Moody’s commercial price indices, to a low not seen since October 2009.
Processing Content
The company said this marked the third month in a row CRE prices dropped between 3% and 4%.
According to Moody’s, prices are 45.1% below their peak in October 2007.
Moody's managing director Nick Levidy sees three major and differing trends in CRE prices: an increase for performing trophy assets located in major markets, precipitous drops for distressed assets, and what is essentially stability for smaller healthy properties.
The company’s indices are based on the repeat sales of the same properties at different points in time.
