USA: Preise für Gewerbeimmobilien fallen weiter…

Das ganze nun den 11. Monat in Folge! Und irgendwie finde ich zu diesem Thema keinen Artikel in den deutschen MSM, obwohl das durchaus wichtig ist – siehe die restlichen Artikel mit dem Schlagwort „Gewerbeimmobilien“…

Gefunden bei bloomberg.com:

U.S. Commercial Property Values Fall 3% in August (Update2)

By John Gittelsohn

Oct. 19 (Bloomberg) — Commercial property values in the U.S. declined in August as job losses and the recession cut demand for offices, retail space and rental apartments.

The Moody’s/REAL Commercial Property Price Indices fell 3 percent in August from July, bringing the market’s decline to almost 41 percent since its peak in October 2007, Moody’s Investors Service said in a statement today. Prices fell 8 percent in both April and May, according to Moody’s.

“We can’t call a bottom at this point, but it’s an encouraging sign to see the deceleration in the decline,” said Connie Petruzziello, a Moody’s analyst and co-author of the commercial property price report.

Values are falling as U.S. unemployment climbs and consumers cut spending. Office vacancies rose to a five-year high of 16.5 percent in the third quarter, according to New York-based property research firm Reis Inc. Apartment vacancies hit a 23-year high and mall vacancies were the highest since 1992.

Commercial real estate prices are forecast to fall additional 17 percent through the fourth quarter of next year, Goldman Sachs Group Inc. said in a Sept. 30 report, citing scarce credit, rising vacancy rates and the risk of forced sales.

Late payments on commercial mortgages jumped sevenfold in September from a year earlier, as installments on $22.4 billion of mortgages were at least 60 days late, Credit Suisse analysts reported Oct. 12. The delinquency rate of commercial mortgage payments bundled into bonds rose to 3.64 percent in September from 0.54 a year earlier, Moody’s said Oct. 13.

Mortgage Defaults

It’s too soon to determine the effect of those defaults on values, said Neal Elkin, president of Real Estate Analytics LLC, a New York firm that partners with Moody’s in producing the commercial property price report.

“What’s going to definitely occur is a lot of borrowers are going to have to refinance and whether that leads to defaults and foreclosures is unclear,” Elkin said.

August was the 11th consecutive month the commercial property index fell.

The August report was based on prices for 73 properties that sold during the month and for which Moody’s has previous price records. Those sales totaled $950 million.

Overall market transactions “showed a slight uptick” to 377 sales valued at $4.8 billion, New York-based Moody’s said.

The monthly report does not break out data by region or property type. Moody’s quarterly report including September results is scheduled for release on Nov. 19.

To contact the reporter on this story: John Gittelsohn in New York at johngitt@bloomberg.net

Last Updated: October 19, 2009 12:51 EDT