DOW JONES NEWSWIRES
Summary of article: CRE prices fell in September after a quarter of growth. Expect ups and downs in pricing over the next several years.
Important quotes from article:
U.S. commercial real-estate prices fell 1.4% in September, ending a four-month growth streak, according to Moody's Investors Service, which expects the "bottoming process" for the sector to continue for the next two years.
Prices in the sector remain near its two-year average price level, Moody's said.
Still, Moody's expects "multi-family and hotel properties to lead the price recovery," said Nick Levidy,
Moody's managing director. "Office and retail will lag mostly because of a very high number of vacancies and the burn-off of above-market rent leases."
Read the whole article from Commercial Real-Estate Prices Fell In September
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
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