US Commercial Property Plunges
May 21st, 2008 | By Contrarian Profits | Category: Featured, Financial NewsUS commercial property prices plunged in February, their steepest drop since records began almost 15 years ago, according to a report in the Financial Times.
The value of commercial buildings fell 1.03 per cent between January and February, the largest monthly decline since at least 1993, when the industry was just emerging from a deep slump.