Port cities are commanding the more aggressive overall capitalization rates for Class A properties although Midwest markets are not far behind, according to Cushman & Wakefield's Industrial Investor Survey and Outlook for spring 2024.
Most investors in the survey do not anticipate further increases in overall interest rates, as their current yield rates have been considered or priced in any potential near-term rate hikes.
Activity in the 10-year US Treasury has resulted in higher yield rates and overall capitalization rates, as well as a higher cost of capital.
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