2012 ended up with more than 100 properties trading hands. That is down a little from 2011. Prices are still below peak prices from 2008 ($240/SF) to just under $96/SF in 2012. That is still about a 60% price adjustment from peak. Investors are searching out well located centers with value-add … [Read more...] about 2012 Retail Property Recap
Retail Property Asking Rent – Lease Trends
Commercial Real EstatePhoenix, AZ Market Trends The average asking lease rate for retail properties in the metro area was $14.16 per square foot for the month. This is down 5% from the previous year, and down 0.7% from the end of the second quarter of 2012. Asking lease rates for retail … [Read more...] about Retail Property Asking Rent – Lease Trends
Retail Property Sale Prices – Sale Trends
Commercial Real EstatePhoenix, AZ Market Trends Currently, the median sale price per square foot for retail properties in the metro area is in seven-month decline, falling 4.1% in that time. Previously, sale prices rose 22.4% over a eight-month period ending in March. Sale prices per square foot … [Read more...] about Retail Property Sale Prices – Sale Trends
Not quite a recovery but…
In compiling my research for a client that is looking to purchase retail properties in my market (10-50,000 Sq. Ft.), I uncovered the following facts: 1-There have been more sales in the 1st & 2nd quarters of 2011 (30) vs all of last year (29) 2-The average price per square foot so far … [Read more...] about Not quite a recovery but…