from 2000 to 2021. The accompanying cap rate data is sourced to Green Street. A binary logistic regression model was …-differenced cap rate series to a binary variable. Cap rate changes are forecasted, and the model is evaluated using standard goodness …), while it is less robust in fast-growing markets. It can be inferred that, in established cities and the US as a whole, cap …

from 2000 to 2021. The accompanying cap rate data is sourced to Green Street. A binary logistic regression model was …-differenced cap rate series to a binary variable. Cap rate changes are forecasted, and the model is evaluated using standard goodness …), while it is less robust in fast-growing markets. It can be inferred that, in established cities and the US as a whole, cap …

We investigate whether the cap rate, that is, the rent-price ratio in commercial real estate incorporates information … across fifty-three metropolitan areas in the U.S., we find that the cap rate captures fluctuations in expected returns for … apartments, retail, as well as industrial properties. For offices, by contrast, the cap rate does not forecast returns even …