April 22, 2009
Moody’s/REAL is out with its April report, which covers February prices, and the declines in the index continued.
In this report, the Moody’s/REAL National All Property Type Aggregate Index for February measures 150.63, a decrease of 0.6% from the previous month. The index now stands 21.2% below the level seen a year ago, and is 21.5% below the peak measured in October 2007. The index is 17.9% lower than it was two years ago. This report is based on data through the end of February.
The one bright spot in the report is that the index covering the West was actually up month-over-month for Office, Industrial, and Retail assets. Multi-family was down a whopping 9.0%, however. One month of data doesn’t mean much, but hey it’s something. The full report is embedded below.
- Moody’s Commercial Property Price Index Posts Large Declines
- Decline Continues in Moody’s/REAL Commercial Real Estate Index: April Down 8.6%
- Moody’s Commercial Property Price Index August Update
- Moody’s Commercial Property Price Index Falls Again
- Downward Spiral in Commercial Real Estate Prices Continues