Why I'm Bullish on Industrial in the Carolinas

By John Culbertson posted 05-13-2018 14:02


Commercial real estate investors are being warned that CRE markets will soften in the Carolinas over the next 12 months. We are already seeing signs in the low productivity malls and power centers in the areas of Raleigh, Greensboro and Charlotte.

Joi Mar, a senior analyst at California-based Green Street Advisors, was quoted recently as saying “value appreciation has practically stopped in aggregate.” Green Street’s Commercial Property Price Index dipped 1 percent in March and has seen little change over the past two years, according to National Real Estate Investor.

But the industrial sector hasn’t yet peaked. Cap rates have been inching up over the past year for all sectors except industrial, and I predict another three good years of expansion for industrial real estate in the Carolinas.

Read more here: http://cardinal-partners.com/blog/2018/05/im-bullish-industrial-carolinas/