CBRE CAP RATE SURVEY
CBRE CAP RATE SURVEY
CBRE CAP RATE SURVEY
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IN THIS ISSUE:<br />
Overview<br />
Office<br />
Multihousing<br />
Retail<br />
Industrial<br />
Hotels Hotel<br />
Appendix<br />
Industrial | Overview<br />
Cap Rate Survey<br />
February 2013<br />
><br />
Transaction activity in the industrial sector was up only slightly in 2012. According to figures from RCA, volume for the year came in at $36.9<br />
billion, up only $1.5 billion from a year earlier. However, this slow growth is partly an artifact of the accounting behind the AMB/Prologis merger<br />
in 2011, which is reported as a $4.2 billion sale, according to RCA. Without this transaction, volume would be up 18.4% from a year ago, closer<br />
to the pace of growth for investment volume in the office and retail sectors.<br />
<strong>CBRE</strong> Capital Markets and Valuation professionals expect that cap rates for stabilized Class A industrial assets will continue to compress in 2013<br />
in 21 out of 41 markets surveyed. Here too there is room for further compression, with the average cap rate for this asset class at 6.5%, according<br />
to the results of the survey. It is interesting to note that these professionals expect less investor appetite to move out on the risk spectrum within<br />
the industrial sector. In the Class B segment of the market, only in 19 out of 41 markets is further compression anticipated, with expectations for<br />
compression really falling off in the Class C segment. In that segment, only nine markets are expected to see enough interest to generate further cap<br />
rate compression.<br />
Select from the list below to access the current industrial cap rates and forecast.<br />
Download a Complete Industrial Current Cap Rates Chart (PDF)<br />
Download a Complete Industrial Cap Rate Forecast Chart (PDF)<br />
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