---
title: "Prime yield — Class A Atlas glossary"
description: "The cap rate (yield) for the most prestigious assets in a given submarket."
canonical: https://classa.info/glossary/yield
pageType: glossary
lastUpdated: 2026-04-01T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> The cap rate (yield) for the most prestigious assets in a given submarket.

## TL;DR

- The cap rate (yield) for the most prestigious assets in a given submarket.
- Prime yields are the benchmark for trophy asset valuations.

# Prime yield

*Capital markets · Global*

## Short definition

The [cap rate](/glossary/cap-rate) (yield) for the most prestigious assets in a given submarket.

## Full definition

Prime yields are the benchmark for [trophy asset](/glossary/trophy-asset) valuations. Lower yield = higher valuation. Prime yield movement is the leading indicator for landlord concession appetite and capex programs.

## Why this matters for Class A leasing

Prime yield is part of the capital markets vocabulary that institutional [Class A](/glossary/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](/topics/cross-border-expansion) occupiers can translate quickly.

## See also

- [Cap rate](/glossary/cap-rate)

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Citation: Source: Class A Atlas (https://classa.info/glossary/yield), updated 2026-04-01T00:00:00.000Z.