U.S Cap Rate Survey Snapshot & Outlook
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.