CBRE presents its semiannual U.S. Cap Rate Survey H1 2018 Advance Review – a snapshot of CRE cap rates across the U.S.

• U.S. cap rates remained broadly stable in H1 2018, except for certain retail segments and the industrial sector.

• The industrial sector remains blisteringly hot, with cap rates falling by 10 basis points (bps) on average and 17 bps for Class B product.

• In the retail sector, power centers saw an average cap rate increase of 26 bps, neighborhood centers increased by 9 bps and high streets were stable.

• Multifamily, office and hotel cap rates were stable.

• The average cap rate spread over the 10-year Treasury fell by 42 bps. Spreads were lowest for high-street retail and highest for suburban hotel.

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