Commercial property delinquencies spiked 43% last quarter

04/3/2009 | Bloomberg

The value of delinquent commercial property loans in the U.S. soared to $65.9 billion in this year's first quarter, a 43% rise from the previous quarter. Commercial real estate values could well decline 11% this year, having dropped about 30% from their peak in 2007, Deutsche Bank's real estate unit said in a report.

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