According to the recently released CBRE Capital Markets Cap Rate Survey, transaction dollar volume for 2009 in all commercial categories (office, industrial, retail, multifamily, and hotel) fell 90% from it’s peak in 2007.  Furthermore, the report quotes Real Capital Analytics finding that values droped 40% during 2009 alone.

Here’s a snippet from the report:

According to Real Capital Analytics (RCA), values experienced a decline of nearly 40% over the 12-month span. US investment activity dropped 63% from $146 billion in 2008 to $52 billion in 2009, and down 90% from the 2007 peak of $522 billion. CB Richard Ellis Econometric Advisors (CBRE-EA) forecasts total returns will remain negative, getting “less bad” in 2010 before turning positive in 2011. Investment volumes are expected to increase in 2010, but remain below the peak levels of 2005 to 2007.