Commercial property index posts 4.4% gain in third quarter

11/3/2009 | Reuters · Reuters · Bloomberg

The transaction-based index maintained by the MIT Center for Real Estate recorded a 4.4% increase in the price of investment-grade commercial real estate in the third quarter. "One quarter does not a trend make, and we are still well below normal trading volume," said David Geltner, research director at MIT's real estate center. "Nevertheless, this is the strongest sign of a bottom that we've had in two years."

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