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Commercial prices, transactions dip nationwide: report
Click image to see larger versionCommercial real estate prices declined 2.6 percent nationwide in February, according to the most recent report on the commercial market from Moody’s (see full report below). The month-over-month price decline comes after a 6.3 percent rally from November through January, a trend that Nick Levidy, a managing director with Moody’s, said he suspected would not continue for long. “We did not feel that these increases were sustainable in the short term, particularly given current low transaction volumes,” Levidy said. Transaction volume dropped by 10 percent month-over-month, according to the report. Currently, prices are down 41.8 percent from the October 2007 peak. TRD