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Slowdown in Deals Poses Challenge for Index Makers

Published Monday, March 16, 2009

A key tool used to track the health of the economy and the commercial real estate market is being affected by the shrinking number of transactions, according to the Massachusetts Institute of Technology’s Center for Real Estate. For the first time since MIT developed the Transactions Based Index (TBI) in 2005, there were too few retail transactions in the fourth quarter to update the sector’s index, says David Geltner, director of research at the Center for Real Estate. “The fourth quarter of 2008 is the first time we’ve ever had to skip updating ...

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