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Record-low vacancies and recurring gains in leasing demand would seem to assure another solid year for the small-balance space, according to a recent Small Balance Advocate report.
Big trophy properties in larger cities have certainly benefited from the recent strong real estate market, but bigger story recently has been about the recent resurgence of smaller commercial properties.
Transactions involving assets priced under $5 million were at record levels during 2015, even as higher-priced locales like Manhattan and San Francisco became too pricey for many institutional investors. Sales volumes of small-cap assets — which were up 14.4 percent through the first half of 2015, as compared to 2014 — are moving at the fastest clip since at least 2005.
The Small-Balance Difference
The small-balance... read more