When interest rates jumped this spring some feared that commercial-property values would slow their rise or possibly even fall.
It seems those fears are being realized.
Green Street Advisors on Friday released its monthly index of commercial property values, which showed that values have been virtually flat for four straight months now through August. The firm tracks values of properties owned by real estate investment trusts, which tends to be weighted toward high-quality real estate in major cities.
Read more...Commercial-Property Values Stall as Interest Rates Rise - Developments - WSJ