Annual NOI divided by total acquisition + capex cost.
Investment · Global
Annual NOI divided by total acquisition + capex cost.
Used to assess development and reposition projects. Class A trophy targets typically 5.5–7.0% YoC at year-3 stabilisation in the US; 4.5–6.0% in EMEA gateway cities.
Yield on cost is part of the investment vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.