Investor Appetite Strengthens - PricewaterhouseCooper Survey
Market Uncertainty and Minimal Leasing Velocity Drive Flight to Quality For Commercial Real Estate Investors
Average Overall Cap Rates Decrease in 26 of the Survey's 31 Markets
NEW YORK, Sept. 16 /PRNewswire/ -- With commercial real estate fundamentals still ailing from the recession and lacking clear signs of near-term improvement, investors remain focused on core assets and proven markets, according to the third quarter 2010 findings of PricewaterhouseCoopers' Korpacz Real Estate Investor Survey®, released today. The report highlights an improved lending environment with strong appetites from both debt and equity capital for quality real estate assets, with some surveyed investors noting a surprise at the speed at which debt availability has rebounded over the past year.
Average Overall Cap Rates Remain on Downward Trend
With a limited number of quality offerings to absorb all the pent-up capital, the report reveals that competition is strong among buyers of top-rated assets, causing overall capitalization (cap) rates to remain on a downward trend. In fact, average overall
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