Smaller markets posted average cap rates of 6 % or more in the first quarter. (nreionline.com)
That is about a 150 basis point premium to average cap rates on top - flight centers in inner - ring suburbs. (nreionline.com)
That 1.7 percentage points greater than the 4.8 percent average cap rate for garden apartments in the top six metro areas for apartments. (nreionline.com)