MIT’s Transaction Based Index Marks First Drop Since Q3 ’03

MIT’s Center for Commercial Real Estate publishes a quarterly report tracking the performance of commercial property investments. The data is derived from sales information provided by the National Council of Real Estate Investment Fiduciaries (NCREIF).

The third quarter of 2007 saw a 2.5% negative capital return for the properties sold in the NCREIF database. This was the first negative price change since the third quarter of 2003. The graph below is from the MIT Center for Real Estate.

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