CRE Plummeting: MIT Center for RE Q2 ‘09 Results
By: Myles, August 7th, 2009
YEP … It is official: Commercial real estate (CRE) markets are now down into a severe and historic recessionary decline. Earlier this week the MIT Center for Real Estate released their Q2 2009 read on the nation’s commercial property market showing a stunning:
All commercial structures (as an aggregate PRICE): Down 32.07% year-over-year decline !!!
Decline of 36.33% in DEMAND.
Worse […]
Tags: commerial real estate, Q2 2009
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