The Net Lease Market Report from Chicago-based Boulder Group says the asking cap rates around the country are more or less flat versus the previous quarter. Retail sector cap rates rose 3 points, industrial sector cap rates dipped 6 points and office cap rates fell 15 basis points according to the company’s investment research.
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As the economic recovery lags, businesses realize they need to do even more to cut expenses, reduce payrolls, and find new sources of revenue. But what is left to cut? Where can they find new streams of revenue?
The economic downturn’s longest-lasting effect is in the chilling of the credit markets. Without the lubricating capital to finance acquisitions, expansions and development, the commercial real estate economic engine sputters or halts. Loud concerns about unavailable credit were heard from nearly every commercial RE pro in attendance at NAR’s annual this past November. Yet, as 2011 approaches, there are strong signs of the engine turning over again. Will we leave the ditch behind?