These Investment Market Reports serve as an excellent tool for analyzing current market trends and evaluating potential investments.
Full reports highlight:
• Cap rates & prices by property type
• Regional & national comparisons
• Investor composition & trends
• Recent transactions greater than $2.5 million
Q2 2009 reports revealed some interesting trends and comparisons. Here are some of the top-line stats on the Chicago, New York and Los Angeles local markets.
Chicago Commercial Real Estate
In Q2, overall sales in Chicago decreased 82% compared to the prior year. Over the last 12 months, the price per square foot for office property was down 19%, multifamily was down 24%, industrial was down 8% and retail was down 26%.
New York Commercial Real Estate
In Q2, overall sales in Manhattan decreased 70% compared to the prior year. Over the last 12 months, the price per square foot for office property was down 11%, multifamily was up 9%, industrial was down 26% and retail was down 29%.
Los Angeles Commercial Real Estate
In Q2, overall sales in Los Angeles decreased 77% compared to the prior year. Over the last 12 months, the price per square foot for office property was down 17% while multifamily actually showed a 3% increase.
Get the complete reports at www.LoopNet.com/MarketReports today!
What trends are you noticing in your local market? Post a comment.
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1 comments - Post a Comment:
All these numbers of sales decreasing 77% and 70% and 82% are drastic. Typically the coasts lead the way with real estate trends. We see much the same trend in the midwest. Regulation or rather some deregulation, particularly of the banking industry is what we need to continue to look at.
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