Rick Chichester Chichester: “Cautious optimism is the outlook for 2017 as Trump promotes his agenda for economic growth.”

IRVINE, CA—With capitalization at historical lows, there is little to no room for more compression and a much stronger likelihood that cap rates will move in a similar direction to interest rates, Faris Lee Investments’ president and CEO Rick Chichester tells GlobeSt.com. As we forge ahead into 2017, we spoke with Chichester about the “Trump Bump” and rising interest rates and how they will affect commercial real estate values in 2017. (Note: Faris Lee’s senior managing partner Don MacLellan and senior managing director Patrick Toomey and Michael Cohen, president of M.A. Cohen & Co., also contributed to this story.)