Op-ed: Cap rates & Q3

This analysis observed the effect of long-term interest rates, which have decreased due to the central bank's monetary policy. We mentioned that the increase in capitalization rates is due to the perception of higher risk in assets due to the pandemic, as well as purchases made by some market players at low prices with financial backing. 

However, there are other factors that significantly influence the compression or increase of these rates. As different market research areas provide results and data on activity in office spaces, industrial logistics, and retail, distinct scenarios and moments in the cycle are revealed. 

Meanwhile, the capital market has entered a strategic phase to determine the value that investors are willing to assign to assets in times of income instability. Cap rates in the Mexican real estate market have been attractive in different cycles as they represent the rate that determines the value of a property and the cash flows it generates.