Economic indicators pwc real estate investor survey, q3 2016. Industry sectors that export goods and services to china could be particularly affected, as well as u. Global office occupier guide understanding retail destinations guide outlook. Cap rate forecast represents the cbre professionals opinion of where cap rates are likely to trend in first half of 2011 in their local market. We are pleased to present the cbre north america cap rate survey for the first half of 2015, which highlights investment trends for all property types in each of the key markets across the u. Pdf download a complete multihousing cap rate forecast and investor interests chart pdf. Overview pg 2 office pg 5 multihousing pg 12 retail pg 16 industrial pg 23 hotels pg 27 appendix pg 30. Cbre is pleased to present its semiannual north america cap rate survey for h1 2017, which reveals cap rates and pricing trends for all major property types in major markets across the u. Cbre leverages the comprehensive perspective provided by fulltime researchers across canada and around the world and couples it with local market insight to anticipate whats next and determine what trends mean for our clients real estate assets and bottom line.
The report covers and provides insights of the macroeconomic aspects, highstreet retail market trends, capital market transaction of retail assets, and outbound activities of japanese retailers. North america cap rate survey second half 2018 cbre. Multifamily, q2 2016 multifamily maintains strength. Investor demand for us commercial real estate assets expanded in 2011. The h2 2014 cbre cap rate survey found the most significant national cap rate declines within the hotel sector. Cap rate studies are particularly useful in assessment litigation to support the key metric in estimating market value. The threepage report concludes investors are exploring secondary markets as capitalization cap rates continue to compress in the selfstorage sector. Cbre north america cap rate survey first half 2015. Therefore, interest in the acquisition of class b and class c quality portfolios has increased as investors are looking to place capital.
Outlook predicts a very good year for commercial real estate. Office cap rates were generally stable and cap rates for hotels were also firm. The retail sector had the second highest cap rate compression nationally. Cbre hotels team of over 265 hotel specialists understands the unique challenges and opportunities that come with investing in and divesting hotel properties.
The largest cap rate decreases were in tier ii and tier iii markets and in class b and class c assets. At 21%, hightech claimed the largest share of major u. You have reached your report download limit for today. New trends in real estate, statistics and opportunities in investment property. Q1 2011 q1 2012 q1 20 q1 2014 q1 2015 q1 2016 q1 2017 q1 2018 q1 2019 price per unit thousands capitalization rates seniors housing pice per unit multifamily price per unit seniors housing cap rates multifamily cap rates source. Cbre market experts quarterly audit and analysis of the factors driving the development of. Cbre research, q3 2018 national average cap rate allproperties national average cap rate 10yr goc bond yield. Research reports for real estate market in singapore, asia pacific apac and overseas. The hightech industrys job growth rate is more than four times the national average since 2010 and is the most important driver of real estate demand for tech30 office markets.
Cbre india is a global commercial real estate services company providing solutions to the property owner, investor and occupier tenant. This information is presented exclusively for use by cbre clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of cbre. Cbre expects gdp growth will decline by 4% in 2020. Capital markets cap rate survey click to enter a capital markets publication march 2011.
Discount rate irr, internal rate of return in an allcash transaction, based on annual yearend compounding. Cbres north america cap rate survey for h2 2015 revealed that cap rates. Office and industrial sectors continue to show strength, while the retail. 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.
Cbre is the worlds largest commercial real estate services firm serving owners, investors and occupiers. You registered to use the cbre global research gateway using an anonymous or generic email address. The canadian national average cap rate reached a record low of 5. Looking to 2016, the bank of canada is expected to maintain current interest. At the heart of the survey are current cap rates for stabilized acquisitions, expected returns on. For individualasset sales the change was smaller at 14. The quarterly report provides access to cb richard ellis s thought leading analysis, enabling timely and informed business decisions. Overall cap rate oar, initial rate of return in an allcash transaction. Cbre north america cap rate survey berkeley, california.
Cbre hotels research has released a preliminary 2020 forecast that analyzes the impact of the pandemic on hotel performance and provides insight as to how hotels may start to recover in the back half of the year. Q1 underwriting survey reflects stable expectations for prime. The largest caprate decreases were in tier ii and tier iii markets and in class b and class c assets. A summary of results from the cb richard ellis, inc. National investor survey since 1991 for overall capitalization rates for all responses by property type is illustrated above. We expect caprate stability in the second half of 2018. However, the sentiment of survey respondents varied by property type, segment, class and metrotier. With more professionals focused on the office sector than any other firm globally, cbre office services delivers innovative corporate real estate solutions. Dec 02, 2015 t the h2 2014 cbre cap rate survey found the most significant national cap rate declines within the hotel sector. Cbre cap rate survey february 2012 investing economic. The h1 2016 survey revealed virtually unchanged cap rate conditions for stabilized infill and suburban multifamily acquisitions.
Investor interests represents the local cbre professionals opinion on the current level of investor interest as compared to second half of 2010 in their local market. Q1 underwriting survey reflects stable expectations for. Cbre researchs buyer underwriting survey of prime mid and highrise product continued to reect a competitive transactional environment, with unlevered. The long term view of the survey respondents present a similar story as the cap rate trends, as evident by the. Cbres north america cap rate survey for h2 2015 revealed that cap rates for u.
At the heart of the survey are current cap rates for stabilized acquisitions, expected returns on cost for valueadd acquisitions, cap rate trends since the previous. Constuction as a % of inventory office industrial source. By market, cap rates and asset prices may vary substantially. The gap between cap rates and the 10year government bond yield 1. Cbre research, q4 2016 record low national average cap rate allproperties national average cap rate 10yr goc bond yield spread200 0 200 400 600 800 1,000 1,2002.
484 1604 152 1581 981 663 341 251 685 658 447 245 1020 324 11 409 630 191 636 1568 573 734 886 964 1418 1221 1565 1351 396 268 726 197 1298 242 1121 37 29 615 1362 1075 939 585 1090