Download the report to explore current cap rates, expected returns on cost for value-add acquisitions, cap rate trends and expectations of cap rate movements over the next six months.
Analyze cap rates in your market by using CBRE's dynamic map tool for all classes and segments of stabilized assets.
U.S. Cap Rate Snapshot
Capitalization rates for U.S. commercial real estate assets were broadly unchanged in H1 2019. All property types across nearly all classes and segments changed by less than 10 basis points either up or down. Multifamily and industrial cap rates tightened the most.
We expect cap-rate stability in the second half of 2019 across property types, segments, classes and market tiers, with only the hotel sector having a mixed outlook.
Cap Rate Snapshot: Select Markets
One-page overviews of cap rates and expected returns on cost by property type, sector, class and/or segment for select U.S. Markets:
Cap Rate Commentary from Spencer Levy
Most Generation Xers will remember that the greatest innovation in video gaming in the late 1970s was the Atari 5200. It was the first mass-marketed gaming system using cartridges that allowed you to switch games easily and to get a steady parade of new titles. I always reverted to what I considered the old-school classics: Space Invaders, Missile Command and the granddaddy of them all, Breakout. My memories of playing Breakout were jogged by our latest H1 2019 Cap Rate Survey.
Read more on the CBRE Capital Watch Blog.
Chairman, Americas Research | Senior Economic Advisor
“Are we now on the verge of a breakout for higher cap rates? I believe we are on the verge of a breakout, but not necessarily toward higher cap rates."