Retail Cap Rates 2024. Canadian cap rates perspective report. Outside of cbds, the retail sector has desirable investor demand, particularly from cash buyers and 1031 exchanges.
Cap rates have risen by 140 basis points to 6.42 per cent since they hit a low of 5.02 per cent two years ago, a sign that values are falling. Appraisers expect flat cap rates in early 2024 for many assets, including hospitality, most of apartment and retail, and about half of office and.