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Commercial real estate up slightlyCommercial real estate up slightly
AlfredSokol said: "In February commercial real estate [url=http://www.forbes.com/markets/feeds/afx/2008/04/21/afx4913462.html]rebounded slightly[/url] to 2.1%.
[quote]
Commercial real estate prices in the united states, as measured by Moody's/REAL Commercial Property Price Indices (CPPI), rose 2.1 percent in February, offsetting most of the losses the CPPI had posted since October.
'We interpret the CPPI's increase in February as a continuation of the process of price discovery, which is likely to continue over a protracted period, possibly a few more quarters,' Moody's (nyse: MCO - news - people ) said.
Volumes may be down because prices have not yet adjusted to market conditions. For the time being, a large gap persists between what buyers are willing to pay and what sellers are willing to accept, Moody's said. [/quote]
Whether this can be interpreted as good news is a matter of debate."