Commercial Prices 43.7% Off 2008 and 2007 Peaks, Moody's Says

NEW YORK, NY--The Wall Street Journal reports commercial real estate prices are now 43.7% off their 2008 and 2007 peaks.

The Moody's/REAL Commercial Property Price Index declined 1.5% in October to 107.98 from 109.61 in September. Based on the index, prices for commercial real estate were 36.4% lower than in October 2008 and 43.7% below the peak measured in October 2007.

The index is based on repeat sales of the same properties across the U.S