A Lack of Transactions is Warping Index Report
A key tool used to track the health of the economy and the commercial real estate market is being affected by the shrinking number of transactions, according to the Massachusetts Institute of Technology’s Center for Real Estate.
“The fourth quarter of 2008 is the first time we’ve ever had to skip updating one of the sector indexes,” Geltner says. “We couldn’t update the retail index because there were literally zero sales of retail properties” in the database.
For the full story from NREI – http://tinyurl.com/cj5xoe
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