Both interest rate hikes and cap rate expansion will peak later this year and should decrease in 2024. As a result, today's opportunity to buy assets for lower prices may not last very long, according to CBRE's H2 2022 Cap Rate Survey.
The survey was conducted in mid-November and December and reflects second-half 2022 deals. More than 250 CBRE real estate professionals participated.
Spencer G. Levy, global client strategist & senior economic advisor, CBRE, said in prepared remarks that the rapid rise in interest rates over the past year has had consequences.
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