According to recent reports, we can tell commercial real estate investors have been seeking opportunities in secondary and tertiary markets as gateway markets become more expensive. The extent of this trend was made apparent in the 2014 Commercial Real Estate Outlook Survey by KPMG, released this month.
A recent article by GlobeSt.com shines light on the statistics from this report and shares insight as to why this is occuring.
According to information obtained by GlobeSt.com, the interest in class A primary markets this year is around 25%.
In general the survey from KPMG paints a picture of a more positive commercial real estate community that is more willing to spend capital.
In fact, of the 100 senior commercial real estate executives surveyed, the report finds that 68% expect to increase capital spending in 2014, up from 60% in 2013.