The rate of decline for commercial real estate valuations is slowing across the country, says Integra Realty Resources in its fourth-quarter Commercial Property Index Jeffrey Rogers, president and COO of Integra, says the deceleration has happened sooner than some experts had assumed.
The reason is that, “We had such a steep drop to begin with,” says Rogers. “From peak to trough, we’re off about 42%. You’re not going to fall to zero, there’s going to be some base level in line where the economy is right now, and we just see it leveling out.”