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rising rates: Cap rates rising sharply!!!
- 10/26/07 08:53 AM
As investors pulled out of the market sellers have been left holding the bag on NNN leases and other retail developments that had previously been selling in the 5-6% cap range.
Now sellers are readjusting listed sales prices across the country as the amount of investors may have not changed but the interest has waned. Now clients are asking to find what is available in an 8% range and are unwilling to consider those deals below the 7% range.
Obviously multifamily rates are often lower and many are speculating that due to the gap in housing versus rent costs that profits will rise … (0 comments)
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As investors pulled out of the market sellers have been left holding the bag on NNN leases and other retail developments that had previously been selling in the 5-6% cap range.
;)
;)
