The average cap rate for retail properties nationwide moved up by 11 basis points between the fourth quarter of 2015 and the first quarter of 2016, to 6.59 percent, according to a recent report from commercial real estate services firm CBRE, National Real Estate Investor reported. Still, the figure represented a 13-basis-point decrease year-over-year. Retail properties located in the Eastern U.S. experienced the biggest quarter-over-quarter jump in cap rates, by 16 basis points to 6.29 percent, CBRE research shows. On the other hand, cap rates on retail properties in the Midwest moved the least during the same period, by 4 basis points, to 6.84 percent. Cap rates on retail properties in the South increased by 5 basis points, to 6.68 percent, and cap rates on retail properties in the West moved up by 8 basis points, to 6.23 percent.