"We can’t call a bottom at this point, but it’s an encouraging sign to see the deceleration in the decline,” said Connie Petruzziello, a Moody’s analyst and co-author of the commercial property price report.


Intel_for_brains, you do realize of course that retail space is maybe a third of that index, with industrial and office space also included. Also, read the white paper for that index. A lot of regressing and hedonic adjustments. During a decline, better qulaity properties get sold. After all, different properties are sold in the different periods.

I think only about 75 properties sold in the last period above $2.5 million? Not much is moving.

Disclosure: long KIM. And been doing real esatte bankruptcies for 20 years, on both sides of the table.