Mar
07
U.S. Commercial Property Prices Drop for First Time in Six Years
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Values fell 0.3% in January from prior month, Moody’s says
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Decline is `significant milestone’ showing shift in sentiment
U.S. commercial real estate prices dropped in January for the first time since 2010, a sign of weakening demand by investors after a six-year rally that pushed values to records.
The Moody/RCA Commercial Property Price Index slipped 0.3 percent from December, Moody’s Investors Service said in a statement Monday. The decline was led by office and industrial buildings, which each had a price drop of more than 1 percent…
U.S. Commercial Property Prices Drop for First Time in Six Years
