MIT Commercial Property Price Index Posts 17% Gain in Q2
By Carrie Bay | 08/17/2010
Transaction prices of commercial properties sold by major institutional investors surged over 17 percent in the second quarter of 2010, according to an index developed by the Center for Real Estate at the Massachusetts Institute of Technology (MIT).
The researchers say the price gauge's bounce is near a record high, but they caution that the data is laden with mixed signals, particularly since transaction volume was down for the second month in a row and remains at a very low level by historical standards.
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