Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

National  + Finance  | 

Crexi Sees “Modest” Increase in Asking Prices, Further Cap Rate Compression 

Asking prices on Crexi rose a modest 2.2% in September amid shifting economic conditions. The same period saw cap rates compress to below 6% for the first time since June, indicating a rise in demand overall in the commercial real estate sector.  

“Buyers could be clamoring to get ahead of the Fed’s projected interest rate hike towards the end of this year or taking advantage of the 1031’s tax benefits,” reported Los Angeles-based Crexi. “At the same time, capital is looking to the real estate sector as a buffer against inflation to procure a historically more secure investment amid volatile market conditions.” 

On Crexi, industrial properties reported the most noticeable pricing gains in September, up 5.4% in price per square foot from the previous month. Interestingly, the number of unpriced listings experienced a significant jump, with 20% of new assets added last month listed without a price tag. 

Connect

Inside The Story

Crexi

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
TaylorStreet-05-Cube
ConnectMoney-01-cube
NewPoint-12-cube
Colliers-63-cube