Jun
18

2Q PwC Real Estate Investor Survey

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I just reviewed the 2Q  PwC Real Estate Investor Survey™. Of the ten national property sectors, only one shows an increase in cap rates (office – up 5 bp). The remaining sectors reflect decreases ranging from -3 bp (apartments to -40 bp (regional malls. Two property types remained unchanged.

From the report:

“The combined average overall capitalization rate (cap rate) for the Survey’s 34 markets, excluding hotels, development land, and the secondary office market, falls to 6.91% this quarter, marking the twelfth consecutive quarterly decrease and the highest quarterly decline since the end of 2010.”

I would post the cap rate chart from the report, but I got a nasty e-mail from PwC last time….

Michael B. Dodds, MAI, CCIM

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