According to the September results for the S&P/GRA Commercial Real Estate Indices, commercial real estate prices were down 0.6 percent nationally compared with September 2007, just the second annual decline measured in the 15 years of in the index. The September results are the final numbers for the indices, which was discontinued on Dec. 23.
In the property sectors, three sectors reported negative returns over the September/August period, while one sector reported a positive return. Retail was –0.7 percent from September/August and -0.4 percent year over year. Apartments were the best performing sector and