In our ongoing series of quarterly Commercial Real Estate Pricing Trends RealNex Head of Data and Research Jeffrey Fisher Ph.D presented his findings and analysis based on the latest survey results of the National Council of Real Estate Fiduciaries(NCREIF). The NCREIF Survey is conducted quarterly and includes key performance metrics from the over 10,000 properties valued in excess of ½ trillion dollars owned by private institutional investment funds.
Highlights from the most recent survey:
- Returns down slightly for the quarter but generally flat over the past two years.
- Volatility of Total Return continues to run at an historic low.
- Cap Rates are at all time low, down slightly over the quarter.
- Occupancy at the highest level since the 2001 tech bust, industrial leads the pack with retail lagging.