National Multifamily Cap Rate Report
The U.S. multifamily market average cap rate decreased 18 basis points in the fourth quarter 2020 from the previous quarter. The national average decreased to 5.28% as of year-end. Decreases were seen in all regions, lead by the Northeast at 62 basis points, the Southeast at 46 basis points and South Central at 41 basis points. This decrease is due to lower costs of capital, increased investment activity at year-end and apartments being a preferred asset class.
Source: Valuation VIEW
Data points are confirmed closed transactions adjusted for assumed financing and reflect overall market trends.
U.S. Multifamily Cap Rate Trends
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Multifamily Valuation Practice
NCBRE 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 multifamily valuation practice has drawn from this large talent pool with more than 150 licensed appraisers who specialize in apartment valuations. These appraisers form the core of our team and ensure an experienced professional is responsible for each assignment.
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