NAIOP panel predicts another strong year for commercial real estate sales
an asset allocation. And real property still looks safer than stocks.
But the panelists also pointed to local factors that are giving Twin Cities properties new appeal among national investors.
Aside from foreign investors, “all buyer types are investing in this market now,” said Lori Larson, a CB Richard Ellis senior vice president who outlined market trends in the industrial and single-tenant markets.
They’re coming here in part because cap rates — a key profit measure for the real estate industry — are higher on Twin Cities properties than on comparable properties in larger markets, where intense bidding over the last two years have driven cap rates 50 to 150 basis points below local levels.
And the rest of the story can be found at:
http://www.finance-commerce.com/recent_articles/050421j.cfm
But the panelists also pointed to local factors that are giving Twin Cities properties new appeal among national investors.
Aside from foreign investors, “all buyer types are investing in this market now,” said Lori Larson, a CB Richard Ellis senior vice president who outlined market trends in the industrial and single-tenant markets.
They’re coming here in part because cap rates — a key profit measure for the real estate industry — are higher on Twin Cities properties than on comparable properties in larger markets, where intense bidding over the last two years have driven cap rates 50 to 150 basis points below local levels.
And the rest of the story can be found at:
http://www.finance-commerce.com/recent_articles/050421j.cfm
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