Dumb Question — Is This A Good Time Or A Bad Time To Sell Small Pieces Of Commercial Real Estate?

Good question, not dumb at all.
I attended a seminar just last night that addressed that question (as well as residential real estate). First, though, conditions vary around the country. So be cautious of blanket statements.
Still, the consensus was that commercial real estate hasn’t yet been hit nearly as hard as residential real estate. However, there was pretty unanimous agreement that ultimately (probably in a few months), it will be, too. So, although commercial has been declining, and not plunging like residential, the downward trend for commercial is expected to steepen.
Long answer short: Either get out now or plan to wait quite a while (5-7 years minimum). It’s not going to improve in a year or two.
Hope that helps.

Wherever possible, its best to hold property as there are many costs associated with selling property. If you sell the property you must consider where will you park your money, and is it a far better alternative. In this, you must consider tax deductions and rent that are considered benefits and off set any disadvantages. Predictably, commercial property will under go a bad period, but like many investments, if you can, you should try to weather the bad period if you can afford to do so. Selling because there is a drop in value on its own does not make much sense. Seek advice from a financial adviser because you personal circumstances are relevant in making a decision.