Cap rates in the U.S. multifamily real estate sector have increased significantly since 2021, reflecting a rise in borrowing costs. In 2023, the average multifamily cap rate was **** percent, up **** percent in 2021, when it was at its low. By 2026, the average multifamily cap rate is forecast to decline slightly, to **** percent.
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CBRE Group. (December 12, 2023). Multifamily real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 22, 2026, from /statistics/1484309/us-multifamily-property-cap-rates/
CBRE Group. "Multifamily real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type." Chart. December 12, 2023. ÌÇÐÄÆÆ½â°æ. Accessed July 22, 2026. /statistics/1484309/us-multifamily-property-cap-rates/
CBRE Group. (2023). Multifamily real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 22, 2026. /statistics/1484309/us-multifamily-property-cap-rates/
CBRE Group. "Multifamily Real Estate Capitalization Rates in The United States from 2012 to 2023 with a Forecast until 2026, by Property Type." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 12 Dec 2023, /statistics/1484309/us-multifamily-property-cap-rates/
CBRE Group, Multifamily real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type ÌÇÐÄÆÆ½â°æ, /statistics/1484309/us-multifamily-property-cap-rates/ (last visited July 22, 2026)
Multifamily real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type [Graph], CBRE Group, December 12, 2023. [Online]. Available: /statistics/1484309/us-multifamily-property-cap-rates/