Moody's reported this morning that commercial real estate prices fell 1.2% month over month in January.
Prices are down 4.3% year over year, and down 43% from the peak of the bubble.
This is the eye of the storm. Rising interest rates and shadow inventory will bring the next round of pain for prices in the future.
Stay liquid, focused, and wait for your prey to weaken further.
h/t Calculated Risk