Commercial Real Estate Forecasts Revealed in Integra Realty Resources’ Mid-Year Viewpoint
Mentions of Phoenix:
• Multifamily Cap Rates - Some secondary markets like Cleveland, Minneapolis, and Phoenix reported material decreases in cap rates of 50 basis points or more over the past six months.
• Industrial Cap Rates - Industrial property types saw cap rate contraction for Class A industrial product in more than 80% of U.S. markets. This cap rate contraction was especially notable in the following markets: Boston; Cincinnati; ... and Phoenix.