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Journal of Real Estate Research Volume 30, 2008 - Issue 3
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Research Articles

A Cross-Sectional Analysis of Cap Rates by MSA

Doina ChicherneaUniversity of Cincinnati, Cincinnati, Ohio
,
Norm MillerUniversity of San Diego, San Diego, CA
,
Jeff FisherIndiana University, BloomingtonIN
,
Michael SklarzNew City Technology, Honolulu, HI
&
Bob WhiteReal Capital Analytics, New York, NY
Pages 249-292 | Published online: 17 Jun 2020

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Steffen Heinig, Anupam Nanda & Sotiris Tsolacos. (2020) Which Sentiment Indicators Matter? Evidence from the European Commercial Real Estate Market. Journal of Real Estate Research 42:4, pages 499-530.
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Catherine Bruneau & Souad Cherfouh. (2018) Modelling the asymmetric behaviour of property yields: evidence from the UK office market. Journal of Property Research 35:1, pages 1-27.
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Peter Chinloy, Prashant Das & Jonathan Wiley. (2014) Houses and Apartments: Similar Assets, Different Financials. Journal of Real Estate Research 36:4, pages 409-434.
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Karen M. McGrath. (2013) The effects of eco-certification on office properties: a cap rates-based analysis. Journal of Property Research 30:4, pages 345-365.
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Donald Epley. (2013) A Local Property Yield Rate Using An Economic Indicator for Future Growth. Journal of Real Estate Literature 21:1, pages 107-123.
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Roland Andersson & Bo Söderberg. (2012) Elimination of Rent Control in the Swedish Rental Housing Market: Why and How?. Journal of Housing Research 21:2, pages 159-181.
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Sherwood Clements, Alan Ziobrowski & Mark Holder. (2011) Lumber Futures and Timberland Investment. Journal of Real Estate Research 33:1, pages 49-72.
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John McDonald & Sofia Dermisi. (2008) Capitalization Rates, Discount Rates, and Net Operating Income: The Case of Downtown Chicago Office Buildings. Journal of Real Estate Portfolio Management 14:4, pages 363-374.
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Stace Sirmans, Stacy Sirmans, Greg Smersh & Daniel Winkler. The Effect of Market Asset Returns, Economic Conditions, and Firm Fundamentals on Net Lease Capitalization Rates. Journal of Real Estate Research 0:0, pages 1-36.
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Articles from other publishers (23)

Jędrzej Białkowski, Sheridan Titman & Garry Twite. (2023) The determinants of office cap rates: The international evidence. Real Estate Economics 51:3, pages 539-572.
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Quan Le Truong & Chung Yim Yiu. (2021) Sale and leaseback to market cap rate ratio in emerging markets – an empirical study in Vietnam. Journal of Property Investment & Finance 40:2, pages 220-236.
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Roland Füss, Jan Koller & Alois Weigand. (2021) Determining Land Values from Residential Rents. Land 10:4, pages 336.
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Patrice Derrington. (2021) Property and Thomas Piketty: Casting the Lens of Thomas Piketty’s Capital in the Twenty-first Century on Inequality in the Urban Built Environment. Journal of Contemporary Urban Affairs 2:2, pages 90-105.
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Jun Li & Xiaoli Liang. (2019) Beyond the Cap Rate: Valuation of Multifamily Properties. The Journal of Real Estate Finance and Economics 60:1-2, pages 99-110.
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Steven Devaney, Nicola Livingstone, Pat McAllister & Anupam Nanda. (2019) Capitalization rates and transaction activity in international office markets: A global perspective. Global Finance Journal 42, pages 100469.
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Fabrizio Battisti & Orazio Campo. (2019) A Methodology for Determining the Profitability Index of Real Estate Initiatives Involving Public–Private Partnerships. A Case Study: The Integrated Intervention Programs in Rome. Sustainability 11:5, pages 1371.
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Moshe Szweizer. (2019) A new model for Auckland commercial property yields. Journal of Property Investment & Finance 37:1, pages 42-57.
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Steffen Heinig & Anupam Nanda. (2018) Measuring sentiment in real estate – a comparison study. Journal of Property Investment & Finance 36:3, pages 248-258.
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Fabrizio Battisti & Orazio Campo. 2018. Computational Science and Its Applications – ICCSA 2018. Computational Science and Its Applications – ICCSA 2018 34 50 .
Mariya Letdin. (2016) Under the Lender’s Looking Glass. The Journal of Real Estate Finance and Economics 55:4, pages 435-456.
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Grazia Napoli, Salvatore Giuffrida, Maria Trovato & Alberto Valenti. (2017) Cap Rate as the Interpretative Variable of the Urban Real Estate Capital Asset: A Comparison of Different Sub-Market Definitions in Palermo, Italy. Buildings 7:4, pages 80.
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Sherwood Clements, Alan Tidwell & Changha Jin. (2017) Futures markets and real estate public equity: Connectivity of lumber futures and Timber REITs. Journal of Forest Economics 28, pages 70-79.
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Xudong An, Yongheng Deng, Jeffrey D. Fisher & Maggie Rong Hu. (2016) Commercial Real Estate Rental Index: A Dynamic Panel Data Model Estimation. Real Estate Economics 44:2, pages 378-410.
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Pat McAllister & Anupam Nanda. (2015) Does Foreign Investment Affect U.S. Office Real Estate Prices?. The Journal of Portfolio Management 41:6, pages 38-47.
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Pat McAllister & Anupam Nanda. (2015) Does Foreign Investment Affect U.S. Office Real Estate Prices?. The Journal of Portfolio Management 41:5, pages 38-47.
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Prashant Das. (2015) Revisiting the hotel capitalization rate. International Journal of Hospitality Management 46, pages 151-160.
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Serguei Chervachidze & William Wheaton. (2011) What Determined the Great Cap Rate Compression of 2000–2007, and the Dramatic Reversal During the 2008–2009 Financial Crisis?. The Journal of Real Estate Finance and Economics 46:2, pages 208-231.
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Serguei Chervachidze, James Costello & William C Wheaton. (2009) The Secular and Cyclic Determinants of Capitalization Rates: The Role of Property Fundamentals, Macroeconomic Factors, and “Structural Changes” . The Journal of Portfolio Management 35:5, pages 50-69.
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Jim Clayton, David C. Ling & Andy Naranjo. (2008) Commercial Real Estate Valuation: Fundamentals Versus Investor Sentiment. The Journal of Real Estate Finance and Economics 38:1, pages 5-37.
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Mariya Letdin, G. Stacy Sirmans, Greg Smersh & Tingyu Zhou. (2022) The Role of Tenant Characteristics in Retail Cap Rate Variation. SSRN Electronic Journal.
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Mariya Letdin. (2014) Choice of Debt: Secured vs. Recourse. SSRN Electronic Journal.
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Xudong An, Yongheng Deng, Jeffrey D. Fisher & Maggie Rong Hu. (2012) Commercial Real Estate Rental Index: A Dynamic Panel Data Model Estimation. SSRN Electronic Journal.
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