Colliers International has released its Q2 2014 Greater Phoenix Investment Report.
Among other news, the report states:
- Sales activity during the second quarter was mixed, with industrial and office properties gaining momentum, while sales of shopping centers and multi-tenant medical office buildings retreated.
- Distress sales are slowing, with stabilized properties accounting for a greater share of total investment activity. This changing mix of properties being sold is combining with improving property fundamentals to drive prices higher.
- Cap rates remained essentially flat during the second quarter, in spite of forecasts calling for rising interest rates. While interest rates may rise in the second half of this year or in early 2015, the impact on cap rates could be modest because of improving property fundamentals and increasing competition for performing assets.
Download the full report (.PDF) here: http://cem-az.com/wp-content/uploads/2014/08/Phoenix-Investment-Report-2Q14.pdf.