Moody’s Commercial Property Price Index Continues Fall – Down 40% From Peak

The August numbers for Moody’s CPPI are out, and they are still deteriorating. The latest numbers indicate a further 3% drop in August marking a 41% drop from the peak.

Commercial real estate prices are forecast to fall additional 17 percent through the fourth quarter of next year, Goldman Sachs Group Inc. said in a Sept. 30 report, citing scarce credit, rising vacancy rates and the risk of forced sales.

Long story short, sales volume is up (but still way off from pre-credit crunch levels), but prices continue to fall.

[via Bloomberg]

Similar Posts:

• Moody’s Commercial Property Price Index Falls Again
• Moody’s Commercial Property Price Index August Update
• Cap Rates Still Hiking According to CoStar and Korpacz Survey
• Moodys’ Commercial Property Price Index Increases 4.1% In December
• Decline Continues in Moody’s/REAL Commercial Real Estate Index: April Down 8.6%