Moody's: US Commercial Property Prices Down 40% from Peak

The Moody’s/REAL All Property Type Aggregate Index measured 114.06 in August 2009, representing a 3.0% decline from a month earlier. Commercial property prices have now fallen 40.6% from their peak in October 2007. Prices have fallen 32.8% from one year ago and 40.3% from two years ago.

Overall market transaction volume saw a slight uptick, by both count and dollar value.

Although prices have declined steadily over the past year, the rate of decline has slowed in recent months after falling by about 8% in both April and May.