There continues to be a disconnect between CRE buyers and sellers as both sort out the current economic climate, existing loans, interest rates, and the relative value of maintaining long-term perspective.
John Chang, Marcus & Millichap, said in a recent news video that prospective buyers keep telling him that commercial real estate prices are too high.
Meanwhile, sellers fall into two camps. There are the ones who are motivated because they have an issue with the underlying loan, they have some sort of ownership issues or it's simply time to harvest the asset.
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