3Q PwC Real Estate Investor Survey Released


percentage downI just looked through the 3Q PwC Real Estate Investor Survey, and found it interesting that cap rates declined in six of the ten national property types that PwC tracks. Two property types remained the same, and two increased. Apartment cap rates represented the highest increase of 9 basis points, while CBD Office reflected the greatest decrease of 41 basis points. Regional Malls, Power Centers and Strip Shopping Centers also registered double digit declines in cap rates. In the 2Q survey, all ten property type cap rates declined by an average of 11 basis points.

Can they keep dropping even further?

Michael B. Dodds, MAI, CCIM


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