CBRE Survey Finds Slight Decline in U.S. Cap Rates

According to CBRE’s H1 2025 Cap Rate Survey, cap rates have declined slightly, and yields appear to be at (or beyond) their cyclical peak. Uncertainty over tariffs has slightly reduced the outlook for total sales volume in 2025. The data underpinning this report was derived from deals that occurred during the first five months of 2025. While market conditions are fluid, CBRE believes the CRS provides a useful base and unlocks important truths about how […]

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