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CBRE’s 2023 U.S. Lender Intentions Survey finds that rising interest rates, a looming recession and the prospect of lower property valuations are the greatest challenges facing lenders this year. Nearly half of respondents say they will decrease origination activity by more than 10% from last year, while only 19% expect to increase ...Mar 10, 2023, 10:14 AM by Dennis Schoenmaker As a subscriber of CBRE Econometric Advisors, you have exclusive access to the underlying data of our recently published H2 2022 Cap Rate Survey (CRS). The data is now available for download in excel file …Cap rates for all property types have increased in first half 2023 across most Asia Pacific cities, except for Japan and China, where interest rates remain stable, according to CBRE’s Q1 2023 Asia Pacific Cap Rate Survey, released May 18.Use the Dashboard. Despite the rapid change and uncertainty experienced worldwide last year, CBRE retains a relatively positive outlook for the Asia Pacific commercial real estate market in 2023. From an economic perspective, inflation is expected to ease, and interest rates in the region are set to stabilise in the second half of 2023.CBRE’s 2023 U.S. Lender Intentions Survey finds that rising interest rates, a looming recession and the prospect of lower property valuations are the greatest challenges facing lenders this year. Nearly half of respondents say they will decrease origination activity by more than 10% from last year, while only 19% expect to increase ...JLL Capital Markets arranged the $125M refinancing for The Avenue Murfreesboro, a lifestyle center located within the Nashville MSA. ... 2023 Holiday Shopping Survey Report. Research September 27. Space chargeback: A fresh perspective — 2023. ... Vacancy rates have steadily risen across the U.S. since 2019, but are notably lower in assets ...CBRE’s valuers anticipate office cap rates to move out by 10-15 bps in Q3 2022, with a movement of 25-50 bps possible over the next 12 months. Assets with long-dated leases are likely to see some re-pricing as inflation catches up with market rents, with these assets unlikely to have mark to market rents. Retail cap rates are expected to move ...Jan 13, 2023 · Underwriting Assumptions Exceed Pre-Pandemic Levels for Prime Multifamily Assets. January 13, 2023 3 Minute Read. The average multifamily going-in cap rate increased by 38 basis points (bps) to 4.49% in Q4 2022, exceeding the pre-pandemic Q4 2019 average of 4.16%. Heightened market volatility and higher borrowing costs have pushed the cap rate ... A majority of CBRE professionals expect investment activity to resume in H2 2023. Purchasing is set to pick up due to greater clarity around future interest rate movements and the realisation of cap rate adjustments that will help close the price expectation gap.Chris Ludeman, CBRE’s global president of capital markets, believes that while weakening macroeconomic conditions and rising interest rates will weigh on commercial real estate investment volumes in 2023, the amount of capital targeting the sector remains abundant.Cap rates are less stable for retail and hotel assets. In fact, CBRE has omitted hotels from its recent survey because the sector is simply too volatile—and closed deals too few—to accurately measure. Some recent hotel sales have been discounted by as much as 30%. Some may argue that if projected NOI is stable or lower, there may be more ...The H1 2023 Cap Rate Survey reveals that many CBRE capital markets and valuation professionals believe yields will stabilize during H2 2023. This represents a clear reversal from the H2 2022 survey and could possibly be due to progress on inflation and a belief that the Fed’s tightening cycle will soon end. This turnaround is noticeable ...With more than 115,000 professionals (excluding Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. Explore Global LeadershipWe do not foresee interest rates rising sharply enough to disrupt property markets, with the 10-year Treasury yield expected to reach 2.3% (from 1.4% in early December) by the end of 2022. Source: CBRE Research, November 2021. FIGURE 2: Inflation vs. Fed Target, CBRE House View Source: CBRE Research, October 2021. Download. Key findings include: -Investor risk appetite has increased over the past three months across Europe, and, most notably, in the UK. -Nearly two-thirds of respondents expect 2021 purchasing activity to close more than 20% higher than in 2020. -Mismatched pricing expectations between buyers and sellers are viewed as the number one ...

U.S. Cap Rate Survey H1 2023. ... 2023 2 Minute Read. The CBRE Lending Momentum Index fell by 5.4% quarter-over-quarter and 52.2% year-over-year in Q2 as lending ... CBRE professionals in Asia Pacific observe that investor risk appetite remains low, with high interest rates and slower economic growth key concerns. Although interest rates are stabilising in the region, they are likely to remain high, which will likely have a lasting impact on cap rates. More investors are looking for discounts on logistics ... According to CBRE, cap rate deceleration aligns with the slowing of unlevered internal rate of return targets, exit cap rates, and rent growth in the first quarter. “Since Q1 2022, the average going-in cap rate has expanded by 136 bps to 4.72% and now eclipses the pre-pandemic average by 51 bps,” stated the research brief.11.05.2023 ... Cap rates remained stable for the most part in Q1, as investors adjusted to the new environment brought on by dramatic interest rate ...

According to CBRE’s cap rate survey in September 2022, investors’ expected cap rate average for Tokyo high-end retail properties reached to 3.3%. Therefore, if an upward revision of an applicable cap rate in underwriting is made assuming a reasonable risk of interest rate hikes, the underwritten value will suffer a negative impact accordingly.Average expected yields for Tokyo fell in all sectors other than hotels, where they remained unchanged. CBRE’s latest Tankan Survey showed that the Diffusion Index (DI) worsened in the category of “stance on investment and loans” for both Tokyo Grade A offices and logistics facilities (multi-tenant). In terms of future projections ...…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. In 2023, investments in Italian commercial real estat. Possible cause: higher interest rate environment. Prolonged higher interest rates will increase cap rates.