Real Estate Investor Confidence Up as Cap Rates Go Down
Recent news from Loopnet indicating bullish sentiment, contradicting gloomy news from other quarters:
Mar 16, 2010 – CRE News
Investor’s confidence that commercial real estate markets will rebound are on the rise, and capitalization rates for property transactions are declining.
So says the latest Korpacz Real Estate Investor Survey, which gauges the sentiments of REITs, pension funds, mortgage bankers, developers, insurers and other institutional investors.
The survey, conducted by PricewaterhouseCoopers, found a general sense that sales activity this year will be greater than in 2009, but remain below the levels in the years immediately before the recession. Property fundamentals, meanwhile, will not improve significantly, but the deterioration in occupancy levels and rental rates will ease throughout the year.
read the rest of the story at Commercial Real Estate News.