CBRE is pleased to present its semiannual North America Cap Rate Survey for H2 2018, which reveals cap rates and pricing trends for all major property types in major markets across the U.S. and Canada. At the heart of the survey are current cap rates for stabilized acquisitions, expected returns on cost for value-add acquisitions, cap rate trends since the previous survey and expectations of cap rate movements over the next six months. What were cap rates in your market?
Capitalization rates for U.S. commercial real estate assets were broadly unchanged in H2 2018. Industrial cap rates tightened marginally across all segments, while office, multifamily and hotel cap rates were generally stable.
CBRE expects cap-rate stability in the first half of 2019. The sentiment of CBRE professionals varied by property type, segment, class and market tier, with the multifamily and retail sectors experiencing the most mixed sentiment. Check out U.S. national-level cap rates and expected returns on cost.