Multifamily cap rates are dropping

I just received a copy of the CBRE capital markets 1H 2010 Cap Rate Survey;  this is a great little report that shows average cap rates for different product types and in different markets.  Its very informative and if they keep publishing it, over time it will give us some great info.   For now it shows a short term trend on cap rates (1st half 10 from 2nd half 09) and some predictions of the future.  

Overall this says cap rates are down on most product classes and in most markets.   Interesting stuff and while its only general information it might be useful for a quick evaluation of  your properties current value.