Avison Young identified Florida for the service line expansion in response to the Capital Market Group's rapid transaction volume growth and growing client demand for valuation portfolio management, development consulting, partnerships and resolution and litigation support, company officials state.

As the market waits for higher interest rates, the gap between the bid and ask of buyers and sellers has widened, helping to drive down transactions, according to PwC.

The spread between 5-year and 10-year Treasuries is about 15 basis points, which has made all-in borrowing costs indistinguishable at different terms, says Cushman & Wakefield's Chris Moyer.