Moody's/REAL CPPI March 2009

The Moody’s/REAL Commercial Property Price Index, prepared by Moody’s, the MIT Center for Real Estate, and Real Capital Analytics, tracks commercial property prices in the United States. It uses a repeat sale methodology.

The March 2009 report comments on the National All Property Types Index as follows:

In this report, the Moody’s/REAL National All Property Type Aggregate Index for January measures 151.58, a decrease of 5.5% from the previous month. The index now stands 19.1% below the level seen a year ago, and is 21% below the peak measured in October 2007. The index is 15.4% lower than it was two years ago. This report is based on data through the end of January.

The Real Capital Analytics site displays the following chart:

National All Property Index Graph

Regional reports for the eastern United States show apartment prices falling 13.7% from one year earlier and 7.9% from two years earlier. Industrial prices fell 9.1% and 0.7% over one and two years earlier. Office prices fell by 12.7% from one year earlier and 3.6% from two years earlier. Although retail prices in the east fell 7.8% from one year earlier, they improved by 3.2% over two years.

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