Cap Rates
CBRE
Downtown Office
A
7.50% – 8.25%
B
8.25% – 8.75%
Suburban Office
A
7.50% – 8.25%
B
8.25% – 9.00%
Industrial
A
6.25% – 6.75%
B
6.75% – 7.50%
Apartment
High rise A
4.50% – 5.00%
High rise B
4.75% – 5.25%
Low rise A
4.50% – 5.00%
Low rise B
5.00% – 5.50%
Retail
Regional
7.25% – 8.25%
Power
7.00% – 8.00%
Neighbourhood
7.50% – 8.50%
Strip
7.25% – 8.25%
Strip (non anchored)
8.00% – 8.75%
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 – Q1 2024, CBRE
Colliers
Downtown Office
A
7.25% – 8.50%
B
7.50% – 8.75%
Suburban Office
A
7.50% – 8.25%
B
8.00% – 9.00%
Industrial
5.75% – 6.75%
A
B
6.75% – 7.75%
Apartment
High rise
4.50% – 5.50%
Low rise
4.75% – 6.00%
Retail
Regional/Power
7.00% – 8.00%
Community
6.25% – 7.75%
Strip Mall (non anchored)
7.00% -8.50%
Hotel
Downtown full service
7.00-8.50%
Suburban limited service
8.25-9.75%
Focused service
9.50-11.00%
CAP RATE REPORT – Q1 2024, COLLIERS INTERNATIONAL