Cap rates of industrial and logistics real estate in Canada 2024, by market

Vancouver had the lowest cap rate for industrial and logistics real estate across different Canadian markets in 2023. The capitalization rate measures the rate of return on commercial properties and is calculated by dividing the net operating income of a property by its asset value. While a higher rate might promise higher return, it is also an indication of a riskier asset. In the first quarter of the year, the average cap rate for class A and B industrial and logistics properties in Vancouver was 4.4 percent, while in Toronto, it stood at 5.06 percent.

2023年，温哥华在加拿大各主要市场工业与物流地产领域，录得了最低的资本化率。资本化率是衡量商业地产回报率的重要指标，其计算方法为将物业的净运营收入除以其资产价值。尽管较高的资本化率可能预示着更高的回报，但同时也意味着更高的资产风险。在当年第一季度，温哥华A级与B级工业与物流地产的平均资本化率为4.4%，而多伦多的该比率则达到了5.06%。