get_market_benchmarks
Retrieve cap rate and price per square foot benchmarks for commercial real estate in a specific state and property type. Use these metrics to evaluate whether a deal is priced above or below current market levels based on closed comparable transactions.
Instructions
Get cap rate and price/SF benchmarks for a state and property type, derived from closed comps. Use to determine if a deal is priced above or below market.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| state | Yes | 2-letter state code | |
| property_type | No | Property type |