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May
Commercial Property Values Head South Again
San Diego commercial real estate
Moody’s Investors Service reported last week that its index for commercial property values fell 2.6 percent in February. It was the first decline recorded by the company in four months.
The drop pushes the Moody’s/REAL Commercial Property Price Indices (CPPI) 42 percent below their October 2007 peak. The ratings agency says commercial real estate values are down 26 percent compared to just a year ago. Read more 