With strong demand and economic growth, the Southeast retail landscape is poised for prosperity.
BUYERS VY TO UNTHAW ‘FROZEN’ SALES MARKET
Today, that is getting tougher as cap rates have risen, but not as much as interest rates. Greg Matus, senior vice president of investment sales in Franklin Street’s Fort Lauderdale office, says that retail cap rates have shown some variability over the past 12 months.
“Generally, there has been a slight rise in cap rates for well-performing assets, while those facing challenges or uncertainties have experienced the largest upward pressure on cap rates,” says Matus.
— Southeast Real Estate Business
