Most respondents expect the expansion in commercial real estate cap rates to have peaked, CBRE said in a bi-annual survey, which polls the company's capital markets and valuation professionals on the direction of cap rates and the magnitude of the change they expect during the next six months.
The survey found that the most common response across all commercial real estate asset classes was "no change," CBRE said.
"Improved sentiment is likely driven by more accommodative signals from the Fed and the decline in bond yields from their October 2023 peak," the company added.
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