Barbara Denham, Economist with Reis, joins host The Commercial Real Estate Show to discuss the topics of industrial, warehousing, logistics and retail. Highlights of the video include:
- Cap rates are a little higher at 7.5 vs 7.4 a year prior
- Industrial sector a niche market
- Hard sector for novice investor
- Seeing increase in sales volume versus year prior
- Disparity across country, with some markets much stronger than others
- Big markets getting bigger and better, smaller markets falling behind
- Cap rates lower in the west
- Interest rate question is the biggest enigma throughout this recovery
- 3 Fed funds raises have not been reflected in 10 year rates
- Little expectation of inflation by anyone
- Whole Foods purchase by Amazon has investors wondering what is next for distribution
- Lack of boom in this expansion seems to be preventing a bust
- Every single industrial sector is seeing vacancy rates declining and positive rent growth