Cap rates vs cities in CBRE survey

[Ryan Weddle]

Hi all - I read the most recent CBRE cap rate survey, and was wondering how you think cap rates for multifamily properties in the Louisville area compare to the most comparable cities in the survey? For comparison, Cincinnati, St. Louis and Indianapolis are Tier 3 in the survey, and are shown with cap rates of 5.5%-6.75% for stabilized class B, and 6.75% to 8.0% for class C.

Is that about right for Louisville too? And do you think property size would have much impact (i.e., 4 units vs 50 units)?

Thanks!