Q3 – 2024: The Klein Report

The Klein Report Q3- Quarterly Newsletter

Buyers, sellers and to a lesser degree, lenders, are gearing up to do deals going into 2025. TKG has been meeting with new institutional acquisitions professionals hired by firms looking to become active buyers. Private buyers who have sat quietly the past two years are beginning to make offers again. The past two years many […]

Q2 – 2024: The Klein Report

Q2 2024 The Klein Report

The second quarter of 2024 ended on a high note with consensus forming around the direction of interest rates. Borrowing costs peaked this year in the 7.5% range and have since fallen, with debt available today in the low six percent range. Problems persist for owners of larger(over 80K square foot) warehouses as tenant demand […]

Q4 – 2023: The Klein Report

Q4 2023 The Klein Report

2023 ended the way it began, with low transactional velocity. While larger transactions over $10 million were rare, the market for transactions under $3 million continued. Total leasing velocity of 11.84 million SF was essentially in line with 2022 and over 90% of the record velocity seen in 2021. The market has shifted away from […]

Q3 – 2023: The Klein Report

The Klein Report: Q3 - 2023

In the third quarter, we learned that inflation has slowed with CPI finding a new normal in the 3.5% range, about 1.5% above the “target” rate. “Higher for longer” is becoming an almost universally agreed-upon axiom. What does this mean for office and industrial owners? Most likely, cap rates are not going back to the […]

Q4 – 2022: The Klein Report

Q4 2022 CRE Market Report

The market is better than you might be reading. Institutional transaction volume is down over 70% from 2022 highs. Large industrial and multi-family development sites have seen values fall 20-40% since highs achieved last summer. Buyers are trying to buy at cap rates no lower than the prevailing borrowing costs for value-add offerings. Less aggressive […]