CapRates

Launching soon · Australian commercial property data

Commercial Property Cap Rates Across Australia

Research commercial property cap rates, capitalization rates, net yields, sale prices and lease rates across Australian markets. CapRates is being built to make commercial property transaction data easier to find, compare and understand.

Industrial • Retail • Office • Medical • Showroom

Australian Commercial Property Cap Rate Data

CapRates is being developed as a central research platform for Australian commercial property transactions. Users will be able to compare properties by location, property type, cap rate, sale price, lease metrics and other key investment data.

Cap rate, also known as capitalization rate, is one of the most commonly used metrics for comparing income-producing commercial property. CapRates is designed to make this data easier to research across Australian markets.

Compare Commercial Property Investment Metrics

The key figures used to assess commercial property yields and transaction evidence.

  • Cap Rate / Capitalization Rate
  • Net Yield
  • Sale Price
  • Price per m²
  • Net Rent
  • Lease Rate per m²
  • Net Lettable Area
  • Land Area
  • Sale Date
  • Property Type
  • Occupancy Status
  • Location

Cap Rates by Commercial Property Type

Commercial Property Cap Rates by Location

Commercial property yields can vary significantly by city, suburb and asset type. CapRates is being built to help users compare commercial property transaction data across Australia's major markets.

What Is a Cap Rate?

Cap rate is short for capitalization rate. It measures the relationship between a property's net operating income — the rent it produces after outgoings that the owner pays — and its value or purchase price. Because it reduces income and price to a single percentage, it is one of the most common ways to compare commercial property investments of different sizes.

Cap rates vary depending on many factors, including location, tenant quality, lease term, property type, building quality, market demand and investment risk. A higher cap rate means more income relative to price, but it often reflects higher perceived risk or weaker growth expectations; a lower cap rate often reflects stronger demand or more secure income. Neither is automatically better — the right comparison depends on the asset and the investor's goals.

Formula

Cap Rate = Net Operating Income ÷ Property Value

Example

A commercial property producing $120,000 in annual net income and purchased for $2,000,000 has a 6.0% cap rate.

$120,000 ÷ $2,000,000 = 6.0%

Commercial Property Data Without the Guesswork

Location-Based Research

Compare commercial property transactions geographically.

Comparable Sales

Review recent transaction evidence and capitalization rates.

Lease Metrics

Compare net rents and lease rates per square metre where available.

Australian Market Data

Research commercial property markets across Australia from one platform.

A Better Way to Research Commercial Property Cap Rates

CapRates is being developed to allow users to filter commercial property transactions by yield, price, property type, sale year, occupancy and location, then review key transaction and lease metrics.

Preview of the CapRates map showing commercial property sales and net yields across Australia

Be First to Access CapRates

Join the early access list and be notified when commercial property data becomes available on CapRates.

Frequently Asked Questions

A commercial property cap rate (capitalization rate) expresses a property's annual net operating income as a percentage of its value or purchase price. It is a quick way to compare the income return of different income-producing properties.

Yes. "Cap rate" is simply the short form of capitalization rate. Both terms describe the same measure.

Divide the property's annual net operating income by its value or purchase price. For example, $120,000 of net income on a $2,000,000 purchase gives a 6.0% cap rate.

In the Australian market the terms are often used interchangeably. Net yield typically refers to net income as a percentage of the purchase price, while cap rate is also used in valuation to convert income into value. Definitions can vary slightly between valuers and agents, so it is worth checking how a figure was calculated.

Yes. Industrial, retail, office, medical and showroom assets can trade on different yields, reflecting differences in tenant demand, lease structures, risk and market depth.

CapRates is currently being developed to provide Australian commercial property cap rate data, including transaction-level yields, sale prices and lease metrics. The platform is not live yet — join the early access list to be notified when it launches.