U.S. commercial real estate (CRE) prices as measured by Moody's/REAL Commercial Property Price Indices (CPPI) dropped 3.1% in July, which is the second straight monthly dip exceeding 3%.

Nationwide, prices are now 43.2% below their peak in October 2007 and are only 0.9% over the recession low recorded in October 2009, Moody's said.

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