April 2009 LoopNet Commercial Real Estate Listing Asking Price Reductions by MSA & Property Type

If you’ve been following this blog, you know we’re starting to see a lot more distressed properties being listed for sale on LoopNet. We also took a look at LoopNet listings that have had a price reduction in the last 90 days (as a percentage of total active listings) broken out by MSA and property type. Here’s what we found:

Take a look at our chart of the day:

(click image to enlarge)

Does this information help you get a sense for what’s going on in these markets? What else would you like to see? Post a comment below.