CRE is much more prone to violent swings than residential properties. Supply and demand factors impact quickly the market prices and rents, unlike the slower moving housing and apt. markets, making prices less “sticky”.
Of late there have actually been some signs of a bottoming in CRE. Some indicators of price are actually up in recent markets. Stocks of CRE-related companies are up. REIT stocks are especially strong over the last year. Bottom-fishers are prowling and finding credit available since prices have fallen so drastically.