Reporting from the first quarter of 2008 shows definite slowing nationally for the number of transactions; however, pricing remains stable. Financing is more difficult to attain, but the asset value remains constant, and CAP rates probably will rise through 2008.
As the industry makes its way through the second quarter of 2008, the outlook for the U.S. retail property market remains muddled, according to the first quarter report from Reis, Inc., a New York City-based provider of commercial real estate information. Transaction volume during the first quarter continued its downward slide, but pricing for the assets that did trade hands remained relatively stable.[...more...]
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