Real Estate/Development
Nov. 19, 2002
THE MARKETS -- Northern California Retail
"Buyers are starting to meet sellers' expectations. What that translates into is record low cap rates and high dollars per square foot. Consequently, we're seeing sellers who were on the fence previously as to whether or not to sell the property - those property owners are recognizing the bubble in the market and are testing the market. So we're seeing more product come to market, more properties being offered for sale."
"Buyers are starting to meet sellers' expectations. What that translates into is record low cap rates and high dollars per square foot. Consequently, we're seeing sellers who were on the fence previously as to whether or not to sell the property - those property owners are recognizing the bubble in the market and are testing the market. So we're seeing more product come to m...
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