CBRE: Montreal neighbourhood retail cap rate to fall to 6.75-7.50%
In its 2016 Canadian Market Outlook report, CBRE noted that retail sales in Montreal are expected to rise by 4.0% in 2016, following an increase of 2.8% in 2015. The cap rate for neighbourhood retail centres is expected to fall from 7.00-7.75% to 6.75-7.50%. The value of investment in retail properties in Montreal is expected to fall, from CAD1,117mn to CAD850mn.
Source : December 2015/CBRE/Montreal/RET