commercial loan news

July 31, 2008

Cap Rates Mixed in June for Commercial Real Estate

SOURCE: Wall Street Journal

Capitalization rates for commercial real estate were mixed last month. The average cap rate for apartment buildings rose to 6.50% in June from a revised 6.44% in May. Meanwhile, the average cap rate for office properties in central-business districts declined to 5.93% in June from a revised 6.43% the previous month. The cap rate is a calculation of rental income in the first year of ownership, divided by the purchase price.

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