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.