by Even though residential property prices are dropping like rocks around most of the country, commercial properties are still holding their value.
The press release on the S&P/GRA Commercial Real Estate Index shows that prices are up from a year ago.
The National composite reported annual price appreciation of 7.0%, versus January of 2007, up from the +6.7% reported in December’s data, but still significantly below from this cycle’s peak of +14.5%, reported in June of 2006. . . The Northeast had the highest return over the month and has the highest annual return over the past 12 months. Each of the regions reported lower monthly returns in January December/November returns.
The raw data for the Index Values is in this Excel spreadsheet.
