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From: ReisReports [mailto:[email protected]]
Sent: Wednesday, August 31, 2011 11:45 AM
To: [email protected]
Subject: Cap Rate Trends - Single vs. Multi-Tennant
To view a web version of this message, click here Office Sector Cap Rate Trends
Single vs. Multi-Tennant Office Cap RatesCap rates trended wildly from 2001 to 2008, but on average multi-tenant properties transacted at a 7.85% cap rate versus an 8.01% cap rate for single-tenant properties. However, this trend was reversed when the recession took hold. Specifically, over the last couple of years, single-tenant cap rates have been hovering around 7%, while multi-tenant cap rates are around 7.5%. The reason single-tenant cap rates have fallen so much relative to multi-tenant cap rates is the severity of the pullback in transaction volume. Less deal volume implies that there is more selectivity by investors when it comes to single-tenant property transactions.Learn more about cap rates by property type in your area. Visit our Sales Comps.
From: ReisReports [mailto:[email protected]]
Sent: Wednesday, August 31, 2011 11:45 AM
To: [email protected]
Subject: Cap Rate Trends - Single vs. Multi-Tennant
To view a web version of this message, click here Office Sector Cap Rate Trends
Single vs. Multi-Tennant Office Cap RatesCap rates trended wildly from 2001 to 2008, but on average multi-tenant properties transacted at a 7.85% cap rate versus an 8.01% cap rate for single-tenant properties. However, this trend was reversed when the recession took hold. Specifically, over the last couple of years, single-tenant cap rates have been hovering around 7%, while multi-tenant cap rates are around 7.5%. The reason single-tenant cap rates have fallen so much relative to multi-tenant cap rates is the severity of the pullback in transaction volume. Less deal volume implies that there is more selectivity by investors when it comes to single-tenant property transactions.Learn more about cap rates by property type in your area. Visit our Sales Comps.
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