• Deals during the first quarter averaged $180 per square foot—the highest figure since the fourth quarter of 2008. The average was $6 per square foot more than during the fourth quarter of 2010.
  • The average cap rate during the quarter was 7.55 percent—a 9 basis point decrease from the prior quarter. Cap rates peaked at 8.24 percent during the fourth quarter of 2009 and have now decreased for five straight quarters.

Source: Real Capital Analytics