Commercial real estate off 7.6% in May, Moody's says

07/21/2009 | Wall Street Journal, The

The total value and number of commercial real estate transactions fell to a nine-year low in May, as prices declined 7.6%, Moody's Investors Service said. "Large commercial real estate price declines in the last two months suggest that a bottom may be starting to form, although higher transaction volumes would be necessary in order to draw any definite conclusions," said Moody's Managing Director Nick Levidy.

View Full Article in:

Wall Street Journal, The

Published in Brief: