Friday, September 21, 2007

Whoohoo! Back to 7 caps in the retail market!

Admittedly I have my buyer's counsel cap on here, as some of those clients have been on the sideline during the latest feeding frenzy. As cap rates start to come back to normalcy, I am gathering that even more deals will be on the horizon, but not until sellers face the reality that, at least for now, most centers are not going to be selling at rates like they were a year or two ago. But as Retail Traffic's article states, is there so much institutional money out there that those investors will drive the market and prevent rates from going too high? I like to think those investors are just as smart as the opportunistic folks; their only constraint is that they have to place the money somewhere.