Interest rates may be at record lows, but that is not enough to spark CRE sales activity.
Normally, low interest rates would stimulate commercial real estate investment, but that isn’t the case in 2020, according to Real Capital Analytics.
RCA’s US Capital Trends shows that these low rates have not resulted in new acquisitions. National sales activity fell 68% year-over-year in August. Transactions are down 36% for the year to date.
Read more...Low Interest Rates Still Aren’t Moving the Needle for CRE Buyers via GlobeSt