National Industrial Cap Rate Report


During the second quarter 2021, the cap rate for U.S. industrial transactions tracked by CBRE Valuation & Advisory Services remained steady at 6.36%. While the current figure reflects an uptick over Q1 2021, it is still below pre-pandemic levels and represents a year-over-year decrease of 43 basis points. Among the six regions CBRE identifies, the Northeast, South Central, and Southeast experienced decreases in cap rates. While the average cap rate increased in the Midwest, Mountain, and Pacific West regions, this likely does not reflect a change in trend or market sentiment and likely reflects the limited amount of inventory traded. Industrial prices continue to increase across all regions with rent growth being the primary driver. The U.S. industrial market shows no signs of slowing down with record-high asking rents and in-process development activity, low vacancy levels and 45 consecutive quarters of positive net absorption.

   

Industrial_Trends_Graph_Q2_2021

Source: Valuation VIEW
Data points are confirmed closed transactions adjusted for assumed financing and reflect overall market trends.


U.S. Industrial Cap Rate Trends


Industrial_Cap_Rate_Report Table_Q2_2021

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Industrial Valuation Practice


CBRE is the largest national provider of real estate appraisal services in the country with more than 800 licensed appraisers in the United States. CBRE's industrial valuation practice has drawn from this large talent pool with more than 70 licensed appraisers who specialize in industrial valuation. These appraisers form the core of our industrial valuation team and ensure an experienced professional is responsible for each assignment.

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