8/31/2009

Neil Elkin, president of Real Estate Analytics, said the latest Moody's/REAL Commercial Property Index offered some encouraging information, but he cautioned against "jumping on the new recovery bandwagon" based upon data from a single month. The index pointed to a 1% decline in commercial property values, a much smaller number than the nation had seen earlier this year. "That being said, it's still better to see that, than accelerating deterioration," Elkin said, interviewed on REIT.com.

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