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CapRateIndex.com
Commercial Real Estate
Cap Rates
Northwest 
​​Portland
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​6.06%
  • 5.57%
  • 6.42%
  • 6.59%
  • 6.61%
  • 7.17%
  • 6.40%​​​
​​Seattle​​
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average
Cap Rate
  • ​5.32%
  • 5.09%
  • 5.84%
  • 5.76%
  • 6.00%
  • 4.77%​​​
  • 5.46%
Southwest 
​​San Francisco
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:​
Cap Rate
  • 5.21%
  • 4.94%
  • 6.17%
  • 4.75%
  • 3.51%
  • 6.02%
  • 5.10%​​​
​​​Los Angeles
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................​
Average:
Cap Rate
  • ​5.22%
  • 5.17%
  • 5.43%
  • 5.32%
  • 4.86%
  • 5.85%​​​
  • 5.31%
​​​San Diego
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Avereage:
Cap Rate
  • 4.73%
  • 4.49%
  • 5.03%
  • 6.66%
  • 6.19%
  • 5.49%​​​
  • 5.43%
Cap Rate
Las Vegas
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
  • ​6.15%
  • 6.24%
  • 6.01%
  • 6.21%
  • 5.28%
  • 6.93%​​​
  • 6.14%
Cap Rate
Phoenix
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
  • ​6.62%
  • 6.65%
  • 6.33%
  • 6.73%
  • 6.58%
  • 8.17%​​​
  • 6.85%
Central 
Dallas
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​6.30%
  • 6.07%
  • 6.15%
  • 7.41%
  • 6.45%
  • 5.75%​​​
  • 6.36%
Denver
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​5.91%
  • 5.38%
  • 6.37%
  • 7.22%
  • 7.38%
  • 6.95%​​​
  • 6.54%
Chicago
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​7.87%
  • 7.90%
  • 7.83%
  • 7.85%
  • 7.13%
  • 7.83%​​​
  • 7.74%
Northeast
Cap Rate
New York
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
  • ​6.41%
  • 6.33%
  • 6.66%
  • 6.31%
  • 6.95%
  • 6.18%​​​
  • 6.47%
Boston
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​6.16%
  • 6.08%
  • 6.32%
  • 7.09%
  • na
  • 5.96%​​​
  • 6.32%
Southeast 
Miami
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​5.99%
  • 6.15%
  • 5.89%
  • 6.23%
  • 5.77%
  • 5.66%​​​
  • 5.95%
  • ​7.09%
  • 6.78%
  • 7.24%
  • 7.39%
  • 7.47%
  • 6.63%​​​
  • 7.10%
Atlanta
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
    Average:
Cap Rate
Tampa
  • City Level ..................
  • Multi-Family .............
  • Retail .........................
  • Office ........................
  • Industrial ...................
  • Specialty ....................
Average:
Cap Rate
  • ​6.72%
  • 6.68%
  • 6.34%
  • 6.88%
  • 6.31%
  • 7.87%​​​
  • 6.80%
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