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A PwC Real Estate Investor Survey of 31 commercial real estate markets showed that average overall capitalization rates have decreased in 27 of them. The decrease has sparked interest in secondary locations, Class-B properties, and value-added Class-A plays, suggesting that both investors and lenders are gaining more confidence in the overall performance of both the economy and the real estate industry, according to the annual poll conducted by the U.S. real estate advisory practice.
