Inflation is affecting all industries and buyers in a number of ways, causing a need for reevaluation specifically for commercial real estate. “The reevaluation is mostly a result of higher borrowing costs,” says Aaron Jodka, national director of capital markets research for Colliers. “At a macro level, the interest rates themselves are not a problem. They are similar to levels seen in 2018. The challenge has been the pace at which they have adjusted.” Read CoStar’s recent article for more.
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