Investing — CRE Explained
How income-producing property is valued, underwritten and traded.
- Cap Rates: What They Measure and What They Hide
The capitalisation rate is one year of income divided by price. That simplicity is its usefulness and its danger. - How to Read Sale Comparables Without Fooling Yourself
Comparable sales are evidence, not answers. Adjusting them honestly is most of the appraisal. - Absorption, Vacancy and Availability: Reading Market Fundamentals
Four statistics decide whether a market has pricing power. Three of them are routinely confused with each other.