CHICAGO—As reported in GlobeSt.com, cap rates for single tenant net lease properties have fallen steadily for several years, regularly hitting new historic lows each quarter as more investors put in bids. In the third quarter of this year, however, the national cap rates for retail properties held steady at 6.5%, according to new research by the Boulder Group, perhaps indicating that the long plunge in that sector has bottomed out.

The number of retail properties on the market also held relatively steady and helped keep the rates level. “The supply of retail properties increased by only 3.1% from the second quarter to the third quarter as new construction remains limited with the exception of the dollar store sector,” noted Boulder, a commercial real estate firm located in suburban Chicago.

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