Cap rates remained stable across most property sectors in the second half 2024, even with ongoing volatility in treasury yields, according to CBRE’s U.S. Cap Rate Survey, which captures insights from more than 200 real estate professionals, summarizing capitalization rate trends, sector performance and market sentiment. The report, developed from 3,600 cap rate estimates across property types, provides a comprehensive look at how markets fared during the second half of 2024 and offers perspectives on what’s ahead in 2025.
Sales volume increased by 9 percent in 2024 following a decline in 2023, with further growth anticipated in 2025.
Industrial and multifamily sectors experienced cap-rate declines, while the office sector saw yield increases due to continued financial distress. And industrial and multifamily sectors experienced cap-rate declines, while the office
