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Sellers are testing the market and waiting to see what happens, suggested by an ongoing 6% cap rate.
Mismatched data definitions, mixed sampling, and a desire for an immediate 'right' answer can cause decisions based on mistakes.
Landlords and property managers are having to offer more 'sweeteners' to attract tenants.
Issuance has been dragging all year long despite expectations.
The hope is for more favorable conditions set by the Federal Reserve, but that might be enough.
As markets have become heady with anticipation of the Federal Reserve reducing rates, its minutes make clear how patient it plans to be.
This is a change from last quarter when many tech markets posted declines in vacancies.
Still, they were up 2.6% year over year in September, according to CoreLogic.
Higher financing rates, shrinking inventory, and labor constraints pose significant hurdles.
Some metros hit hardest during the pandemic now show strength while others that saw strong demand now evidence weakness.