MARLTON, NJ—On the heels ofits South New Jersey officereport,Jason Wolf, principal of Wolf CommercialReal Estate (WCRE), based in Marlton, NJ, tellsGlobeSt.com in an exclusive interview that the market is gettingstronger and showing signs of growth, but it's not too crazy yet.Wolf spoke to his about his thoughts on Southern Jersey andPhiladelphia.

GlobeSt.com: We just wroteabout 6.8% cap rate deal in Atoona. Isthat a sign the market is overheating?

Jason Wolf:The investment market is active and showing signs ofoverheating. When you can go borrow money and leverage that deal at3.5% interest rates, it will appear as a much more attractive deal,so your cash return might be a little bit higher. But you can'twrite about many good credit tenanted 8.6% retail deals in thePhiladelphia region. They don't exist. There are multiple partiesnow also bidding on owner occupied assets and we are seeing manyuser sale deals in bidding wars, especially locallyhere.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.