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New York freefall Real Estate Blog; February, 2009 Archive
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Commercial property prices fell by 15% in 2008

02/21/09 15:55

It was thought that the commercial real estate market has generally avoided the housing crunch early in the year, but year-end reports show that commercial property prices dropped further in the US than residential property prices in 2008. It was down by 15% and equal with 2005 levels. It seems that commercial prices caught up with the freefall later on in the year

Read more: Commercial property prices fell by 15% in 2008 [click]

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New York freefall Real Estate Blog; February, 2009 Archive

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