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In order for government and industry to make informed decisions about real estate public policy and business, they need accurate information about the real estate world and methods to predict and measure the results of those decisions. Reliable data and the tools to understand that data are essential for government and businesses to choose the best courses of action for business success and the greater public good. These data and tools are often nonexistent, unavailable, or difficult to interpret.
The purpose of the CREDL, developed and maintained by MIT’s Center for Real Estate, is to gather this data, measure the performance of commercial real estate, and develop practical methodologies and tools to help govern business and policy decisions. CREDL also provides a public space for analysis and perspective on issues of commercial real estate, bringing together academic research and industry practices in an innovative collaboration.
Go to the CREDL website: mitcre.mit.edu/research-publications/cred. Click on the Moody’s/RCA CPPI (from 2012) link. What is the Moody’s/RCA Commercial Property Price Index (CPPI)? How has commercial real estate performed since 2010?