Investment volume in commercial real estate fell off a cliff last quarter.
But with few transactions on which to peg market values, is the market truly down?
Last week, Alfred Brooks, the head of JPMorgan's commercial real estate group, said he's seen distressed buyers already raising money to pick up the pieces, once prices get low enough.
Indeed, commercial real estate values are down, by other measures.
April was the first month since 2010 that prices of all types of commercial property fell on an annual basis, according to MSCI.
Persons:
haven't, —, dealmaking, It's, Alfred Brooks, he's, Richard Rubin, Insider's Alex Nicoll, Rubin, Blackstone, MSCI
Organizations:
Bank of America, Service, BofA Global Research, RCA, BofA Global