CBRE: Ottawa neighbourhood retail cap rate to remain unchanged at 6.00-6.75%
In its 2016 Canadian Market Outlook report, CBRE noted that retail sales in Ottawa are expected to rise by 3.3% in 2016, following an increase of 2.6% in 2015. The cap rate for neighbourhood retail centres is expected to remain unchanged at 6.00-6.75%. The value of investment in retail properties in Ottawa is expected to grow, from CAD101mn to CAD140mn.
Source : December 2015/CBRE/Ottawa/RET