In this graph we observe that the mean cap rate, calculated on a dollar-weighted basis by quarter and illustrated by the blue line in the chart, declined slightly during the fourth quarter. This was not even a 10-basis-point decrease, but nonetheless pushed the average cap rate down to 6.4%. It still appears, at least at this juncture, that cap rates can’t seem to punch much lower than their current levels. The mean cap rate hit a post-recession low of roughly 6.2% in the first quarter of 2013 but has been hovering slightly above that level since then.
Read more...Q4 2013 CRE Cap Rate Trends | ReisReports
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