CBRE CAP RATE SURVEY

IN THIS ISSUE:
Overview
Office
Multihousing
Retail
Industrial
Hotels Hotel
Appendix
Multihousing Infill/Urban | Western Region
Albuquerque
Denver
Inland Empire
Los Angeles
Orange County
Phoenix
Portland
Sacramento
Salt Lake City
San Diego
San Francisco
San Jose
Seattle
Class A Class B Class C
Stabilized Value-Add Stabilized Value-Add Stabilized Value-Add
Albuquerque 5.75% - 6.25% 6.00% - 6.50% 6.25% - 6.75% 6.50% - 7.00% 7.00% - 7.50% 7.50% - 8.00%
Denver 4.75% - 5.25% 5.50% - 5.75% 5.25% - 5.75% 5.50% - 6.00% 6.50% - 7.00% 6.75% - 7.25%
Inland Empire 4.75% - 5.25% 5.00% - 5.50% 5.00% - 5.50% 5.25% - 5.75% 6.00% + 6.00% +
Los Angeles 3.75% - 4.00% 4.50% - 4.75% 4.00% - 4.50% 4.75% - 5.25% 5.00% - 5.50% 5.50% - 6.00%
Orange County 3.75% - 4.25% 4.00% - 4.50% 4.50% - 4.75% 5.00% - 5.50% 5.50% - 6.00% 6.00% - 6.50%
Phoenix 4.75% - 5.00% 5.25% 5.25% - 5.75% 5.25% - 5.75% 6.00% - 6.50% 6.00% - 6.50%
Portland 4.75% - 5.00% 5.00% - 5.25% 5.25% - 5.75% 5.25% - 5.75% 5.75% - 6.25% 6.00% - 6.50%
Sacramento 5.00% - 5.50% 5.50% - 6.00% 5.25% - 5.75% 5.50% - 6.00% 6.00% - 6.50% 6.50% - 7.00%
Salt Lake City 5.25% - 5.75% 5.50% - 6.00% 5.75% - 6.00% 6.00% - 6.50% 6.00% - 6.25% 6.50% - 7.00%
San Diego 3.75% - 4.25% 4.25% - 4.75% 4.50% - 5.00% 5.00% - 5.50% 5.50% - 6.00% 5.50% - 6.00%
San Francisco 3.50% - 4.00% 4.00% - 4.25% 4.75% - 5.25% 5.25% - 5.75% 5.50% - 6.00% 6.00% - 6.50%
San Jose 3.75% - 4.25% 4.00% - 4.50% 5.00% - 5.50% 5.75% - 6.25% 5.50% - 6.00% 6.00% - 6.50%
Seattle 3.75% - 4.25% 4.50% - 5.00% 5.00% - 5.50% 5.50% - 6.00% 5.50% - 6.00% 6.25% - 7.25%
CAP RATE FORECAST*
Class A Class B Class C
Stabilized Value-Add Stabilized Value-Add Stabilized Value-Add
* Cap Rate Forecast represents the CBRE professional’s opinion of where cap rates are likely to trend in 1st half of 2013 in their local market.
Decrease
Cap Rate Survey
Remain Flat
Increase
February 2013
>
15