CBRE March 17 Survey Says 50% Of Buyers Ask To Re-price Deals
March 24, 2020- CBRE surveyed our capital markets professionals on Tuesday, March 17, to learn what changes they are seeing from clients:
- Over 50% have seen sellers delay bringing assets to market
- Over 70% expect more of this disruption in the next 30 days
- Size of bidding pools is contracting: 65% getting smaller; 80% expect to shrink further
- 50% of buyers trying to “re-price” deals that are under contract (asking for a price reduction)
- Two-thirds of buyers have asked for 5% price reduction