We’re noticing a slight compression in cap rates. Unfortunately, I don’t believe it’s signs of a market uptrend, I think it’s because many sellers think they can claim some of that value from the reduction in interest rates. This doesn’t impact our opinion of values and we still see transactions close in the 7%-8% cap rate (for good quality properties). Point is, we value properties and make offers based on what is a good value for our investors and clients, not based on what the seller’s asking price is! As we do every week, we took time and reviewed all the commercial listings that came on the market and curated this hand-picked list representing the top opportunities we identified as the best value. If you wanted to keep up to date on retail real estate news, we have a LinkedIn Newsletter you can subscribe to.
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