Retail Cap Rates Stay Stable in the Second Quarter
In spite of persistent trend of rising store closings,
retail cap rates stayed largely flat in the second quarter of 2017,
according to data collected by commercial real estate services firm
CBRE. On the national level, cap rates average 6.8 percent—a one basis
point increase from the first quarter of 2017 and a one basis point
decline from the same period last year.
Quarter-over-quarter, cap rates went down in the East, West and
South. They went up in the Midwest by 29 basis points, to 7.39 percent.
Year-over-year, retail cap rates rose in the East and the Midwest, but
went down in the South and the West.. . . more