According to Bloomberg, 2010's first quarter saw an overall decline in commercial property values. Though the general economy expanded slightly during this period and property sales increased, many commercial sectors did not fare well. Office vacancies grew by 17 percent, and rents dropped by almost 1 percent. Apartment and industrial real estate values rose in the first quarter, but overall the Moody's/REAL Commercial Property Prince Index fell .5 percent in March, down 25 percent from the previous year.
For the complete analysis from Bloomberg, please click here.
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