Even after a 1% jump in the commercial real estate index in November, Calculated Risk details how far prices have fallen:
CRE prices peaked in late 2007 and have fallen 43% from the peak and are now back to September 2002 levels.September 2002 levels in nominal terms, but pre-index (December 2000) prices in real terms (the REAL in the title is not "real").
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg75CTiM3M682ze2xmR8Knuf6hq6J1BbFJB2ZiTh6Zou2J447CRUB1TPaFAkUtwfDnl9pRU4M2gr146iSfCisdzHOuawVb7n_-iAlKnmUY2dO5vxW6ZXbBPpBCQNG6Yh81XXV-45tWayA/s800/commercial.png)
With everything going on in the broader economy (i.e. vacancy rates), lack of financing, and new properties still coming to market, I must agree with Calculated Risk that this is just a blip.
Source: MIT
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