Cap Rates
CBRE
Downtown Office
A
B
Suburban Office
A
B
Industrial
A
6.50% – 6.75%
B
6.75% – 7.50%
Retail
Regional
7.50% – 8.50%
Power
7.00% – 7.75%
Neighbourhood
7.00% – 8.00%
Strip
7.00% – 8.00%
Strip (non anchored)
7.50% – 8.50%
Urban Street front
7.25% – 7.75%
Hotel
Downtown full service
7.50% -9.00%
Suburban limited service
9.00% -10.00%
Focused service
8.50% – 9.50%
CANADIAN CAP RATES & INVESTMENT INSIGHTS – Q4 2024, CBRE
Colliers
Downtown Office
A
7.00% – 8.25%
B
7.50% – 9.00%
Suburban Office
A
7.00% – 8.25%
B
7.50% – 9.00%
Industrial
6.00% – 6.75%
A
B
6.50% – 7.75%
Apartment
High rise
4.00% – 5.50%
Low rise
4.50% – 5.75%
Retail
Regional/Power
6.50% – 7.50%
Community
6.50% – 7.50%
Strip Mall (non anchored)
6.75% -8.00%
Hotel
Urban full service
6.50-8.00%
Select service
8.00-9.50%
Limited service
9.00-10.50%
CAP RATE REPORT – Q4 2024, COLLIERS INTERNATIONAL
7.50% – 8.25%
8.25% – 8.75%
7.50% – 8.25%
8.00% – 8.75%