CAP RATE DATA SOURCES
Cap rate data represent one of the most important pieces of commercial real estate data needed for investment property valuation and analysis.
Investing in any specific property requires collection of the most reliable real estate market data and thorough analysis of all relevant aspects of the property under consideration and the market within which it operates. Within this context, this page focuses on cap rate data sources. In our effort to help investors and professionals in the real estate investment industry, we provide major cap rate data sources for various property types and markets all over the United States. SEE DATA SOURCES BELOW.
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Data Sources
Real Capital Analytics
has individual commercial property transaction data (including cap rate data) as well as aggregate transaction data for apartment, office, retail, industrial, and hotel properties.
CoSTAR CoStar COMPS delivers comprehensive national coverageof comparable sales transactions allowing you to researchproperty comparables, track market trends, identify truebuyers and sellers and expedite the appraisal process andsupport property valuations. CoSTAR COMPS provides
numerous quality reports in term of content, style and customization: Classic One-Page Multiple COMPS Trends Contacts
REIS
Reis provides Sales Comparables information in eighty U.S. markets for sales greater than $2,000,000. Each report includes key transaction details, such as:
Property characteristics
Buyer
Seller
Price
Cap rate
Other relevant details
The information that is collected on individual transactions feeds into the Transaction Analytics module, where users can produce custom cap rate trends based on user-defined property characteristics and transaction ranges.
LoopNet Investment Market Reports
provide capitalization rates and prices by city and by property type. In addition, these reports include regional & national comparisons, investor composition & trends, and recent transactions greater than $2.5 million.
RealtyRates.com provides among others, overall cap rate data and effective gross income multipliers for seven property types: warehouses and distribution centers, flex/R&D facilities, CBD and suburban offices, and anchored neighborhood and community centers as well as unanchored strip retail centers. This information is provided in quarterly Market Survey reports, which cover 12 U.S. regions and 45 metro market areas and provide additional market data such as sales prices, asking and effective rents, vacancy rates, operating expenses and NOI. Click here to see national data for the 3 rd and 4 th quarter of 2006 for apartments, office, retail and industrial.
NCREIF
the National Council of Real Estate Investment Fiduciaries) is an association of institutional real estate professionals in the real estate industry. Many of NCRFEIF members are Investment managers and plan sponsors who own or manage real estate in a fiduciary setting and contribute data for the properties they manage. This data includes, among others, appraised values and actual property NOI, which can be used to estimate appraisal-based capitalization rates. The indices produced by NCREIF cover most of the largest markets for the four property types, that is office, retail, industrial and multifamily.
RERC has historical data on Investment Criteria including going-in capitalization rates, and terminal capitalization rates for 9 specific property types. This historical data is derived from RERC's quarterly institutional survey respondents, which represent the real estate industry's leading players typically investing in large-scale, income-producing properties in major U.S. markets and include REITs, pension funds, insurance companies, banks, private firms, opportunity funds, financial companies, and union funds. Since this data is based on surveys they represent pro-forma cap rates not transaction-based cap rates. However, since they are derived from major players active in the market they should be fairly representative of market going-in cap rates. RERC provides this data also on a quarterly basis through its Flash Report.
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Related Posts
Office Cap Rates
Historical Cap Rate Measurement Issues
Capitalization Rate Estimation Techniques
Cap Rates and Interest Rates
Exit Cap Rate
Cap Rate Cycle
Apartment Cap Rates
Capitalization Rate Influences
Capitalization Rate Readings
Return from Cap Rate Data Sources to Property Investing
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