20 March 2008
National Commercial Real Estate News
March 13, 2008 - March 19, 2008
Provided by Commercial Real Estate Direct
Investors See Cap Rates Heading Upward
Institutional investors sense that capitalization rates have hit bottom for office and industrial property, according to the PWC Korpacz Real Estate Investor Survey. The investors surveyed fear that rising unemployment is forcing office landlords to shift rental terms in favor of tenants to maintain occupancy. The report, however, is bullish on the industrial sector, noting that high-tech industry will fuel demand for development space and warehouse market conditions remain favorable in coastal markets.
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