In an interview with Allen Kenney of Reit.com John Bejjani, an analyst with Green Street Advisors, a company with over 100 employees including more than 40 research professionals that provides actionable intelligence for commercial real estate investors, discusses the commercial real estate market. Highlights include:
- Cash flow and operating income growth remains healthy
- Cap rate outlook is mixed
- Overall real estate seems fairly valued
- Apartments (multifamily) and malls are relatively cheap
- Industrial and retail strip centers are relatively expensive
- Office properties are the most expensive