Vancouver had the lowest cap rate for industrial and logistics real estate across different Canadian markets in 2023. The capitalization rate measures the rate of return on commercial properties and is calculated by dividing the net operating income of a property by its asset value. While a higher rate might promise higher return, it is also an indication of a riskier asset. In the first quarter of the year, the average cap rate for class A and B industrial and logistics properties in Vancouver was 4.4 percent, while in Toronto, it stood at 5.06 percent.
Capitalization rates of industrial and logistics real estate in Canada in 1st quarter 2024, by market
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Statista. (May 3, 2024). Capitalization rates of industrial and logistics real estate in Canada in 1st quarter 2024, by market [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1394774/cap-rates-of-industrial-real-estate-canada-by-market/
Statista. "Capitalization rates of industrial and logistics real estate in Canada in 1st quarter 2024, by market ." Chart. May 3, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1394774/cap-rates-of-industrial-real-estate-canada-by-market/
Statista. (2024). Capitalization rates of industrial and logistics real estate in Canada in 1st quarter 2024, by market . Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1394774/cap-rates-of-industrial-real-estate-canada-by-market/
Statista. "Capitalization Rates of Industrial and Logistics Real Estate in Canada in 1st Quarter 2024, by Market ." Statista, Statista Inc., 3 May 2024, https://www.statista.com/statistics/1394774/cap-rates-of-industrial-real-estate-canada-by-market/
Statista, Capitalization rates of industrial and logistics real estate in Canada in 1st quarter 2024, by market Statista, https://www.statista.com/statistics/1394774/cap-rates-of-industrial-real-estate-canada-by-market/ (last visited December 22, 2024)
Capitalization rates of industrial and logistics real estate in Canada in 1st quarter 2024, by market [Graph], Statista, May 3, 2024. [Online]. Available: https://www.statista.com/statistics/1394774/cap-rates-of-industrial-real-estate-canada-by-market/