The Trend Czar should get out more.................

Faithful readers will remember that GlobeSt.com offers news and
opinion about all things commercial and investment real estate.  I
enjoy following their bloggers, even though I often have to dial up
my negativity filters.  Jonathan Miller, aka The Trend Czar, has
his latest blog post  here.  Comment worthy excerpts here:

"We all know the economy has been flagging, but now the
impacts hit even our most impervious markets. The New
York State Comptroller forecasts Wall Street will shed
10,000 jobs by year-end 2012 and even recession resistant
Washington DC girds for possible unthinkable federal
government jobs cuts."



Nice to know that the "unthinkable" is being thought.  About time.

"Investors who thought prices were too rich in the top
gateway markets and pulled back were right. The problem is
there are no bargains anywhere else, just increasing risk."

From what I can tell, there are bargains all over the Mid-West. 
Might have to work a bit harder and do a bit more due diligence,
but good investments at reasonable cap rates are still available
in our market.  For instance, a single tenant net leased building,
constructed in 2010, with a ten year lease, available at an 8%
cap rate.  Do stop by.

Those pesky capitalization rates...........

Under the heading of "you pays your money and you takes your
chances" comes this wonderful paragraph from an article in the
National Real Estate Investor:

"Nearly one in three (32%) respondents to the e-mail survey
expects cap rates to increase over the next six months
compared with 33% who expect them to decrease.  About one
in three respondents believes that cap rates will stay the same."

I'm glad we got that cleared up.