Office performance continues to drag down overall commercial real estate performance metrics, according to the RCA CPPI National All-Property Index for November.
The index fell 8% from a year ago but was flat month-over-month compared to October, which is perhaps a promising sign as it represents an improvement on the month-over-month drops of nearly 2%.
Downward trends were most acute for offices in the central business district, which fell 26% year-over-year while suburban office prices dropped 12.4%.
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