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U.S. commercial real estate values fell in March, pushed lower by a quarterly drop in retail and office properties in the biggest metropolitan areas, according to the most recent report from Moody's Investors Service, Inc.
The Moody's/REAL Commercial Property Price Index fell 0.5 percent from February, the second straight monthly decline. Prices slid 25 percent from a year earlier and are down 42 percent from the October 2007 peak. Moody's economists see this as continued bad news for owners because it shows a trend of basically flat prices.
