Office Cap Rates Fall;
Apartments See Rise

From The Wall Street Journal Online

Capitalization rates were mixed in July. For central-business-district office properties, average cap rates declined to 5.97% last month from 6.09% in June. But average cap rates for apartment buildings rose to 6.18% from June's 6.08%. The capitalization rate is a calculation of rental income in the first year of ownership divided by the purchase price. The data are compiled by Real Capital Analytics Inc.

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