Average cap rate of commercial real estate in the U.S. 2024, by property type

Published by Statista Research Department, Nov 7, 2024

Dollar stores with single tenant net leases in the United States had an average cap rate of 7.22 percent as of the second quarter of 2024. That made them the property type with the highest cap rate. Conversely, convenience stores had a cap rate of 5.1 percent, the lowest among the property types observed. 

Triple net leases (NNN) are single tenant leases, where in addition to rent and utilities, the tenant is responsible for the additional property expenses, including taxes, insurance, and maintenance. These leases are common for office, retail, industrial, and logistics properties.

Average cap rate of commercial real estate in the United States in 2nd quarter 2024, by property type

© Statista 2025
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

July 2024

Region

United States

Survey time period

Q2 2024

Number of respondents

494 respondents

Special properties

single tenant net leases

Supplementary notes

Other retail includes grocery stores, cellular stores, mattresses, fitness centers, and other store types that do not fit into the listed categories.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Commercial real estate in the United States "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Commercial real estate in the United States

Overview

6

Market segments

8

Leading markets

8

Leading companies

6

Rent and vacancy rates

6

Further Content: You might find this interesting as well

Topics

Retail real estate market in the U.S.Foreign property investment in the U.S.Commercial real estate in the U.S.Office real estate in the U.S.Industrial and logistics real estate in the U.S.
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.