Cap Rate Question

[Cabir Covington]

Good afternoon Bigger Pockets,

I have a question just started researching information on commercial real estate and my question. Does any know the Cap rate for commercial real estate for Atlanta? Or the average for the state of Georgia? Thanks in advance

[Dennis Bamford]

Quote from @Cabir Covington:

Good afternoon Bigger Pockets,

I have a question just started researching information on commercial real estate and my question. Does any know the Cap rate for commercial real estate for Atlanta? Or the average for the state of Georgia? Thanks in advance

Here are the latest Atlanta-area cap rates I could find, by asset type (most recent reports, 2025): It's just a range you can use to get an idea on the approximate value in an area.
Asset type Typical cap rate (ATL) Source & date
Multifamily (metro avg) ~5.5% (Class mix; Q1 2025). Range seen ~4.8%–6.7% by class. Lee & Associates Q1 2025 shows ATL cap rate 5.50%; ApartmentLoanStore’s ATL cap-rate range by class 4.84%–6.71%.  Retail (all retail sales) ~7.1% (Q2 2025 metro avg) Partners Real Estate ATL Retail Q2 2025 reports 7.1% avg cap; Q1 2025 was 7.2%.  Flex / Industrial ~6.6%–7.3% (past-12-mo avg; Q1–Q2 2025). Submarket snapshot (NW ATL) shows ~7.8%. Partners ATL Industrial Q1 2025: 6.6% avg cap; Q2 2025: 7.3% avg across industrial & flex; Matthews NW ATL Q2 2025 noted 7.8%.  Medical office ~6.9%–7.1% (national  avg ~6.9%;

Quick notes:
Cap rates vary by class (A/B/C), tenancy, lease term, and submarket. Use the ranges above as a quick “market pulse,” then underwrite to the specific deal.