Drop in MIT commercial property index sets all-time record

08/3/2009 | Reuters

Prices for commercial real estate dropped 18.1% in the first quarter based on data from an index developed by the Massachusetts Institute of Technology. "The big news this quarter is not just the magnitude of the drop, but the fact that transaction volume actually increased in the presence of this decline, the first volume increase since last summer," said David Geltner, director of research at MIT's real estate center.

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