U.S. Commercial Property Prices Gain for First Time in 2 Years

U.S. commercial real estate prices posted their first quarterly gain in more than two years last quarter, data showed on Monday, although deepening economic gloom may cut post-slump celebrations short. After shedding about a third of their value between the 1Q of 2008 and 2010, average U.S. commercial property prices rose by 2.2% in the three months to end-June, as measured by the Investment Property Databank US Quarterly Property Index. – Reuters

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