"Mild" decline shows up in Moody's commercial property index

08/25/2009 | GlobeSt.com

After two consecutive months of 7% drops in commercial real estate values, June experienced a "mild" 1% decline, Real Estate Analytics said. "This month is not unexpectedly bad news like the two previous months," said Neal Elkin, the firm's president. Still, the Moody's/REAL National All Property Type Aggregate Index for June marked a 35.5% plunge in prices during the past two years.

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