There are a lot of folks out there banking on the premise that the markets have bottomed and commercial real estate pricing is on the rebound. In some ways, it certainly looks that way. Several recent transactions have rocked what was, up until recently, a very stagnant market. In each case, a well-located, well-leased class A property drew multiple bids totaling 25 or more, driving pricing up and cap rates down to less than 7 percent, 6 percent and even less than 5 percent.