CBRE CAP RATE SURVEY

IN THIS ISSUE:
Overview
Office
Multihousing
Retail
Industrial
Hotels Hotel
Appendix
Retail Neighborhood/Community Center (Grocery Anchored) | Central Region
Austin
Chicago
Cincinnati
Cleveland
Columbus
Dallas
Detroit
Houston
Indianapolis
Kansas City
Minneapolis
San Antonio
St. Louis
Class A Class B Class C
Stabilized Trend* Stabilized Trend* Stabilized Trend*
Austin 6.00% - 6.25% I 7.00% - 7.25%
9.50% - 9.75% ↓
Chicago 5.75% - 6.25%
7.50% - 8.00% I 9.00% - 10.50% ↓
Cincinnati 7.50% - 8.25% ↓ 8.50% - 9.00%
9.00% - 10.00%
Cleveland 7.00% - 7.50%
Columbus 6.50% - 7.00%
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CAP RATE FORECAST*
Class A Class B Class C
Stabilized Stabilized Stabilized
Decrease
Remain Flat
Increase
* 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.
↓
↓
8.25% - 8.75% I 10.00% - 12.00% ↓
7.75% - 8.25%
9.50% - 10.50%
Dallas 5.75% - 6.75% I 7.25% - 8.00% I 8.50% - 9.75%
Detroit 7.00% - 7.50%
↓
8.25% - 8.75%
↓
↓
10.00% - 12.00%
Houston 5.50% - 7.00% I 7.00% - 8.75% I 9.00% - 12.00% ↓
Indianapolis 6.50% - 7.00%
7.75% - 8.25%
9.50% - 10.50% ↓
Kansas City 6.50% - 7.00%
7.75% - 8.25%
9.50% - 10.50% I
Minneapolis 5.75% - 6.25%
7.50% - 8.00% ↓ 9.00% - 10.50% ↓
San Antonio 6.00% - 7.25% I 7.50% - 8.75% I 9.00% - 12.00% ↓
St. Louis 6.50% - 7.00%
7.75% - 8.25%
9.50% - 10.50% I
* Compared to 1st half 2012
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Cap Rate Survey
February 2013
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