By Feb 4, 2009, 9:44 AM 

U.S. commercial property prices by institutional investors posted their steepest quarterly fall in 22 years, according to an index developed since FY1984 by the MIT Center for Real Estate. The transaction-based index,  fell 10.6% in the 4Q surpassing the record fall of 9% seen in Q4 FY1987.

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