Better to buy now or wait?

[Dan Cahill]

I’m looking to make my first commercial real estate purchase, seeking a single tenant triple net lease deal.

It seems that there is a lot of demand in the marketplace right now. I’m wondering if it is better to wait to see if we do enter a recession and the market cools off and prices come down.

I just recently started looking so I’m still learning a lot of the basics of the marketplace, but wondering with interest rates continuing to rise if it makes sense to try to lock down some thing now, or to be extra patient and wait and see  how the economy is six months from now.