U.S. commercial real estate prices experienced a record 4.3% increase from August to September, according to data compiled by the Moody's/REAL All Property Type Aggregate Index. This increase is the first monthly rise since May and the largest single monthly rise in 10 years.
While prices in the index are up 0.3% from the same period in 2009, they are 43% below their 2007 peak.
‘The relatively large swings in the index in recent months are due, in part, to the uncertain macroeconomic environment and the low number of repeat-sale transactions,’ says Nick Levidy, managing director at Moody's.
SOURCE: Moody's
