Cap Rates & Property Values
← Back to Asset Markets
The charts show Market Value (blue), Rescaled NOI (red), and the Capitalization Rate (green, dashed line indicates the long-run average). The first chart presents NCREIF, followed by the four property types: Apartment, Office, Retail, and Industrial.
NCREIF Index: Market Values, Rescaled NOI and Capitalization Rates Based on a $100 Investment (1978 to Q1 2026)
APARTMENT: Market Values, Rescaled NOI and Capitalization Rates Based on a $100 Investment (1978 to Q1 2026)
OFFICE: Market Values, Rescaled NOI and Capitalization Rates Based on a $100 Investment (1978 to Q1 2026)
RETAIL: Market Values, Rescaled NOI and Capitalization Rates Based on a $100 Investment (1978 to Q1 2026)
INDUSTRIAL: Market Values, Rescaled NOI and Capitalization Rates Based on a $100 Investment (1978 to Q1 2026)