Archive for PwC

The 3rd quarter 2012 PwC Real Estate Investor Survey™ has been released. A few highlights include:

  • Capitalization rates in all property types decreased with the exception of net leased properties
  • Warehouse property cap rates had the greatest change – a decrease of 20 basis points
  • Apartment cap rates – already the lowest of all categories remained virtually the same

I can’t provide specific data from the report, as the PwC police contacted me a couple of years ago when I did. The report isn’t as good as when Peter Korpacz was involved, but it is still a quality report.

Michael Dodds, MAI, CCIM

Categories : National News
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Jul
01

PwC Survey: Commercial Real Estate Investors Optimistic

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Commercial real estate investors are cautiously optimistic about an industry recovery despite recent disappointing labor reports and falling home prices, according to data from PricewaterhouseCoopers’ second quarter PwC Real Estate Investor Survey (formerly known as the Korpacz Survey).

Average overall capitalization rates, which are initial returns anticipated on an acquisition and a reflection of an investment’s anticipated risk, declined in all of the property types tracked in the PwC survey. Decreasing capitalization rates signal a recovery. The apartment sector is leading the industry recovery followed closely by the resurgent office market, which had a slow start. The steepest declines reported in the quarterly survey are in the national central business district and the national suburban office markets.

 

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