Property Pricing in January Rose for Third Straight Month

In another sign that the era of rapid commercial property value declines is ending, pricing in January increased for the third consecutive month, according to the Moody's/Real Commercial Property Price Indices, or CPPI. However, the monthly rise is not a reason to expect a swift run-up in prices. If anything, it may show that pricing patterns will fluctuate in the months ahead. January's 1 percent hike follows a 4.1 percent gain in December in the indices' all-property component. CPPI is a collaboration of Moody's Investors Service and Real Estate Analytics that tracks repeat sales of properties.

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