Moody’s/REAL released September data for their commercial real estate price index. Month over month drops have been fast and furious this year.
Last month commercial real estate prices took a bit of a breather, falling just 1% after seeing prices fall 9% from March to April and an additional 8% from April to May. Those are fairly stunning rates of decline. In July, the descent picked up steam again, falling 5.1% compared to June.