Cap Rates
CBRE
| Downtown Office | |
|---|---|
| A | 7.50% – 8.25% |
| B | 8.25% – 8.75% |
| Suburban Office | |
|---|---|
| A | 7.50% – 8.25% |
| B | 8.25% – 9.00% |
| Industrial | |
|---|---|
| A | 6.25% – 6.75% |
| B | 6.75% – 7.50% |
| Apartment | |
|---|---|
| High rise A | 4.50% – 5.00% |
| High rise B | 4.75% – 5.25% |
| Low rise A | 4.50% – 5.00% |
| Low rise B | 5.00% – 5.50% |
| Retail | |
|---|---|
| Regional | 7.25% – 8.25% |
| Power | 7.00% – 8.00% |
| Neighbourhood | 7.50% – 8.50% |
| Strip | 7.25% – 8.25% |
| Strip (non anchored) | 8.00% – 8.75% |
| Urban Street front | 7.25% – 7.75% |
| Hotel | |
|---|---|
| Downtown full service | 7.50% -9.00% |
| Suburban limited service | 9.00% -10.00% |
| Focused service | 8.50% – 9.50% |
CANADIAN CAP RATES & INVESTMENT INSIGHTS – Q1 2024, CBRE
COLLIERS
| Downtown Office | |
|---|---|
| A | 7.25% – 8.50% |
| B | 7.50% – 8.75% |
| Suburban Office | |
|---|---|
| A | 7.25% – 8.25% |
| B | 8.00% – 9.00% |
| Industrial | |
|---|---|
| A | 5.75% – 6.75% |
| B | 6.75% – 7.75% |
| Apartment | |
|---|---|
| High rise | 4.50% – 5.50% |
| Low rise | 4.75% – 6.00% |
| Retail | |
|---|---|
| Regional/Power | 7.00% – 8.00% |
| Community | 6.25% – 7.75% |
| Strip Mall (non anchored) | 7.00% -8.50% |
| Hotel | |
|---|---|
| Downtown full service | 7.00-8.50% |
| Suburban limited service | 8.25-9.75% |
| Focused service | 9.50-11.00% |
CAP RATE REPORT – Q1 2024, COLLIERS INTERNATIONAL