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Investment sales volumes in San Diego declined in the first half of the year. According to new research from CBRE, total sales volumes across property types dropped 35% in the first half of the year compared to the second half of 2017 and sales volumes dropped 25% below the five-year average. While sales volumes fell, cap rates remained stable compared to the second half of 2017.

“There were a number of contributing factors, however, one key component has been the rise in interest rates,” Hunter Rowe, VP at CBRE, tells GlobeSt.com when asked about why the sales activity fell so significantly this year. “The 10-year treasury was around 2.4% late last year and has since fluctuated and risen steadily to where it is today, 3%. That said, I feel the capital markets have adjusted and buyers and sellers are coming back to the table.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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