The CRE market has come to terms with the current interest rate level, JLL CEO Christian Ulbrich said during a Money Movers interview on CNBC last week. The recent uptick in rates is not helpful for deal-making but is not a disaster, he said.
“As long as it kind of stays in that corridor up to 4.50% on the 10-year (treasury yield), I think the market will be fine,” he said, acknowledging a slightly increased cost of capital that prices are likely to adapt to.
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