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.

Multifamily_Trends_Graph_Q4_2020

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


U.S. Multifamily Cap Rate Trends



Multifamily_Cap_Rate_Report Table_Q4_2020



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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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