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]

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