ValuATION IMPACT OF COVID-19

Highlights   

    • October 23, 2020: US Commercial Real Estate Sales Tumble Again in Q3 
    • October 13, 2020: Wells Fargo Securities: Pandemic Could Accelerate Retail Sector Trends 
    • October 7, 2020: Refinancing Pulls in greater share of US Capital Flows in the 1st half of 2020
    • October 6, 2020: Powell: Economic Outlook Remains Uncertain, depends on Controlling spread of Coronavirus
    • October 5, 2020: CMBS Delinquencies continue to Drop
    • October 1, 2020: 'Hospitality, Retail Real Estate shows "atrocious' value loss in Appraisals 
    • October 1, 2020: 'Perfect Storm' hits housing market
    • September 29, 2020: Retail, Hotel Assets dominate US distress Inflows 
    • September 24, 2020: US National prices creep higher in August
    • September 23, 2020: Low interest rates not enough to kindle CRE Sales Activity
    • September 21, 2020: Home values, owner's equity rise in 2Q20
    • August 24, 2020: Almost 80% of economist see a chance of a double-dip recession
    • July 23, 2020: Commercial property price growth slowed in June across all U.S. property types, dragged down by the continued impact of the health and economic crisis. 
    • July 21, 2020: Top Federal Reserve Officials are Starting to Brace for a prolonged recession.
    • July 15, 2020: The largest US Banks are stockpiling $28 billion to cover losses as consumers and businesses start to defaults on their loans. 
    • July 7, 2020: The coronavirus pandemic is pushing businesses and dwellers out of city centers and downtowns into the outskirts in the short term. 
    • June 30, 2020: Q2 Economic sentiment: Commercial Real Estate Execs Confirm Covid-19 Market Downturn 
  •  
  • Get the source and more info on these, past emails and other recent valuation trends in our News tab.

*** April 2020  - Uncertainty in the CRE markets leads to uncertainty in the Cap Rates

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75,000+ data point

45 geo areas & 27 property types

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Why NationalCapRates.com?

There are a number of good sources for commercial property capitalization rates. As appraisers we believe that local sales are typically the best place to start. As a support source we found ourself wading through reams of pdf reports looking for the best data to fit the property. We wanted something that we could quickly (say in under 60 seconds) log-in track-down and cut-and-paste to our reports. Not finding it, we decided to build our own. While technologically not possible just a few short years ago, today it is. So we went out and assembled a team to gather the data and develop a point-and-click distribution method, all at a reasonable cost.

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Methodology - the Blended Caculated Cap Rate

The data collection process starts with actual sales. This is then combined with surveys of investors, brokers, lenders and appraisers from various qualified sources deemed to be reliable that are formulated into an average for general reference use. Once the baseline numbers are established, we calculate an adjustment for property class and local markets to arrive at a Blended Calculated Capitalization Rate. Most of charts are updated quarterly although some of the data (primarily from the sales analytical side) is update more often. Not every type of sales is available for every market every month. Thus we have created a formula that takes into account baseline sales and survey data and adjusted it to reflect historical differences between property classes and locational differences between various cities.

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These numbers are updated to reflect, as best we can, an accurate representation of the where the cap rate is, or as calculated, what is should be. Think of this as sort of a Marshall Valuation Services for Capitalization Rates where baseline numbers are first established and then adjustments are made to the quality/class and location. This information is intended to give you an overall picture of the market. Each property is unique and must be viewed on it’s own individual features. Each community is different with sub-markets that can be vastly different. Judgments about the class of a property need to be made on a property-by-property basis by properly trained individuals. A great source to find a professional in your area is to search the Appraisal Institute directory. This web site does not and cannot attempt to identify the appropriate cap rate for a particular property. That is a task best left to trained and licensed individuals. What we do is provide a tool of what we believe is accurate and reliable information to help in the process. In our experiences, the best source for Capitalization Rates is from local sales of similar properties, individually identified and adjusted to the specifics of a property. This information is intended only to provide an overview of the market and perhaps offer secondary support to your primary findings.

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Updated 2qt 2020

Trended thru 4qt 2020

NATIONAL DATA &

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Eastern US summary plus Atlanta * Baltimore * Boston * Charlotte * Jacksonville * Memphis * Miami * Nashville * NYC * Orlando * Philadelphia * Pittsburgh * Raleigh * Tampa * Washington DC

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Central US summary plus Austin * Chicago * Cincinnati * Cleveland * Columbus * Dallas * Detroit * Houston * Indianapolis * Kansas City * Minneapolis/St Paul * Oklahoma City * San Antonio * Saint Louis

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Western US summary plus Albuquerque * Denver * Las Vegas * Los Angeles * Orange County (LA) * Phoenix * Portland * Salt Lake City * San Diego * San Francisco * Sacramento * Seattle


 

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Self-Storage climate

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What others are saying...

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"Impressed"

I was impressed with the information that National Cap Rates supplied me when other resources failed to track the asset type or market that I was researching. Their methodology and process is very impressive.

Glen Blumenthal, Philadelphia, PA
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"As easy as point and click"

"Point and click and the cap rate information is there is seconds. Comparing property types is seamless and your data supports what my local sale search is telling me. As a commercial appraiser it is important that I have a reliable secondary source for estimating cap rates."

Larry Bloom, MAI, Scottsdale, AZ
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"Interactive"

"I love this. I love how interactive it is and that you can download the chart in different formats."

Sara Oats, Chief Appraiser, Total Appraisal Management Review (TAMR), Austin, TX

What's the Cost?

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Monthly

National plus all 3 regions, 27 property types and 41 cities.
Monthly $25

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Annual

National plus all 3 regions, 27 property types and 41 cities.
Nat + All $180

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Annual

National Cap Rates plus one region of your choice (includes city data)
Nat + East $140
Nat + Central $140
Nat+ West $140

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