As you may know, Cap Rates are essential in any commercial real estate investment and having an accurate cap rate helps investors determine whether or not a property is worth the risk. We here at myNOI calculate local cap rates for all commercial property types on a daily basis, using our Local Cap Rate tool.
We’ve recently calculated office property cap rates in the Pittsburgh, Pennsylvania area and here is what we’ve found:
After comparing the cap rates of office properties in the surrounding Pittsburgh, Pennsylvania area that have sold in the last six months, we found that the cap rates ranged from 8% – 10.53%, with an average of 9.48%.
For a cap rate in your area, use our easy to use Local Cap Rate tool and we’ll help you determine the average cap rate in any particular area.
NOTE: The information provided is not an appraisal or valuation from a certified appraiser or broker.
Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.
She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.