Warehouses Are Now Worth More Than Offices, Thanks to Amazon

``Colliers looked at 14 North American markets (all but one, Toronto, in the U.S.) and found that such warehouses sold last year at an average capitalization rate of 5.8 percent. That's comfortably lower than the 6.7 percent cap rate for U.S. office space, including suburban and rural properties, and neck and neck with offices in central business districts, at 5.7 percent. Cap rates, which measure yield, fall as asset values rise.''