Prices of commercial real estate like office buildings, malls and hotels fell further in July, according to a measure published by Moody’s Investors Service on Monday.

The rating agency’s Moody's/REAL Commercial Property Price Indice was down 5.1% from June, following a 1% drop in the prior month. This gauge is now 30.8% below a year earlier and 38.7% below the peak measured in October of 2007.

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