IRVINE, CA-Lots of capital chasing very few deals is characterizing all sectors of commercial real estate at the moment, says Michael Derk of Marcus & Millichap, a GlobeSt.com Thought Leader. Derk spoke with Carrie Rossenfeld during RealShare Orange County 2012 and discussed:
- How construction has yet to catch up with demand for product
- Why all product types are experiencing pent-up demand
- How cap rates are being affected by investors being willing to pay a premium for class-A properties
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