2012

Blue Book
Market Review

Coldwell Banker Commercial

Check out the NEW

MARKET SNAPSHOTS
cbcworldwide.com

ABOUT THE CBC® BLUE BOOK
The CBC® Blue Book offers a unique market perspective with data generated by true commercial real estate market experts – the professionals of the Coldwell Banker Commercial companies within the local markets. In total, the Blue Book contains over 110 markets. The Blue Book highlights one of the strengths of the Coldwell Banker Commercial organization: our national footprint. The CBC organization’s strong local market coverage combined with our global reach helps our clients obtain real-time market information in order to make informed real estate decisions.

TABLE OF CONTENTS
AL - Dothan, Houston County AL - Huntsville AL - Montgomery AR - Hot Springs AR - Little Rock CA - Humboldt County CA - Inland Empire / Palm Springs CA - Inland Empire North / Victor Valley CA - Los Angeles CA - Los Angeles Westside CA - Modesto CA - Monterey / San Benito Counties CA - Monterey Peninsula CA - Orange County CA - Redding CA - Rowland Heights CA - San Diego CA - San Fernando / San Gabriel Valley CA - San Francisco CA - San Gabriel Valley North CA - Southwest Riverside County CO - Western CT - Danbury / New Haven County CT - Fairfield County DE - Sussex County FL - Alachua County FL - Deltona-Daytona / Ormond Beach FL - Jacksonville FL - Lakeland / Winterhaven FL - Manatee, Sarasota, Charlotte Counties FL - Port St. Lucie FL - South FL - Southwest FL - Tampa / St. Petersburg FL - The Florida Keys FL - Vero Beach / Indian River County GA - Athens GA - Atlanta Greater MSA GA - Atlanta MSA GA - Greene / Morgan / Putnam Counties GA - Savannah HI - Honolulu ID - Boise ID - Kootenai County IL - Bloomington / Normal IL - Champaign / Urbana IL - Chicagoland IL - Springfield KS - Kansas City Metro Area KY - Louisville Metro KY - Southern LA - Lafayette LA - New Orleans ME - Midcoast MI - Middle MN - Mankato 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 MN - Minneapolis / St. Paul Metro Area MN - St. Cloud / Central MO - Springfield Area MO - St. Joseph MT - Billings NE - Lincoln NJ - Morris County NJ - Northern NM - Albuquerque Metro NY - Albany (NY Capital Region) NY - New York NV - Reno / Sparks MSA NC - New Hanover County NC - Outer Banks NC - Research Triangle NC - Winston-Salem ND - Fargo / Moorhead OR - Portland OR - Salem PA - Central PA - Northeastern PA - Southwestern SC - Charleston SC - Columbia SC - Greenville / Spartanburg SC - Myrtle Beach SC - Sumter TN - Chattanooga / North GA TN - Knoxville / East Tennessee TX - Austin TX - Bryan / College Station TX - Central TX - East TX - Houston TX - Lubbock TX - Victoria County UT - Salt Lake City VA - Lynchburg WA - Clark County WA - King County WA - South Puget Sound WA - Tacoma WI - Madison INTERNATIONAL MARKETS Bermuda Canada - Ontario (Eastern) Canada - Greater Toronto Area Canada - Waterloo Region Czech Republic France Greece Ireland Mexico - Mexico City Perú - Lima Puerto Rico Spain 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 53 53 54 54 55 55 56 56 57 57 58 58

AL - Dothan, Houston County

AL - Huntsville

DEMOGRAPHICS
CBSA Dothan, AL

MARKET HIGHLIGHTS
• New Medical school broke

DEMOGRAPHICS
CBSA Huntsville, AL

MARKET HIGHLIGHTS
• Target adds third store to

Square Miles

1,718

ground with the first class to be admitted in August 2013. $40 million has been secured for the first phase of construction. Dothan market with 70% of patients traveling from outside of Dothan. the lowest in the nation.

market.

• Huntsville ranked very highly
Square Miles 1,373

• Healthcare industry drives the
Population 143,295

by numerous evaluating organizations.

• Target, Kohl’s, Wal-Mart,
Population 410,866

Households Household Income Average Employees (Total)

57,785

• Cost of Living Index is one of • Tourism industry is at record

Kroger, a hospital, three strip centers and more, are under construction. prices are slightly lower.

Households Household Income Average Employees (Total)

166,785

• Market is improving, although • Potential of another BRAC

$58,837

volume for Alabama and Dothan Area.

$76,572

58,833

• Employment rate continues to

could benefit Huntsville in 2013. capita than anywhere in USA.

outperform state and national levels. sites ready for development.

174,427

• This region has more PhDs per

Unemployment

7.1%

• City and County offer advantage

Unemployment

6.4%

CONTACT
Coldwell Banker Commercial Alfred Saliba Realty 410 N. Shady Ln. Dothan, AL 36303 (334) 793-6600 www.alfredsalibacommercial.com

CONTACT
Coldwell Banker Commercial McLain Real Estate 2800 Bob Wallace Ave. S.W. Huntsville, AL 35805 (256) 533-3414 www.mclaincommercial.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
3

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

AL - Montgomery

AR - Hot Springs

DEMOGRAPHICS
CBSA Montgomery, AL

MARKET HIGHLIGHTS
• Hewlett Packard leased 60,000

DEMOGRAPHICS
CBSA Hot Springs, AR

MARKET HIGHLIGHTS
• Eldercare relocated to their new

SF of Colonial Bank Groups former Class A structure.

Square Miles

2,725

• Office vacancy continues to

rise with bank foreclosures, REO offerings and a general reduction in demand. completed a new 400,000 SF Class A building downtown. Warehouse space began to see some tightening. Retail space is recovering as well. One new 200+ Unit Apartment Complex was completed in East Montgomery. continues to struggle, except for one bright spot of new development that is selling new homes at bargain prices due to sales of shovel ready but foreclosed upon REO subdivisions. recover and looking to get back to investing in the new economy. money into the CBD, and tenants are rewarding them with the first look.

Square Miles

677

facility in late 2011. PetSmart, Mattress King and New Life Christian Book Store opened new locations in Fairgrounds Crossing. to rise and new tenants are interested in smaller suites. Several landlords have provided tenant improvements and divided large suites. School for Math and Science Living Center is nearing completion. A new Apartment project has been approved for construction in the Hwy. 70 West area. residential sales volume in 2012. Sales prices continue to remain steady, particularly in lakefront properties. their operation in Hot Springs. Land has been purchased for the new county jail and construction is scheduled to begin this year. underway in Mid-America Industrial Park. One of the companies is a new entity to Garland County.

• The Office vacancy rate continues
Population 98,888

Population

367,157

• Retirement Systems of Alabama

Households Household Income Average Employees (Total)

147,017

Households Household Income Average Employees (Total)

43,175

• Construction of the Arkansas
$56,350

$68,657

144,160

• The residential market

32,750

• There has been an increase in
Unemployment 7.4%

Unemployment

7.7%

CONTACT
Coldwell Banker Commercial Moore Company Realty 121 Coosa St., Suite 250 Montgomery, AL 36104 (334) 262-1958 www.cbcmcr.com

• Mom and pops are trying to

• Baxley/LogPro have expanded

CONTACT
Coldwell Banker Commercial RPM 401 Section Line Rd., Suite F Hot Springs, AR 71913 (501) 520-4000 www.cbcrpm.com

• Investors continue to pour

• Two building expansions are

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
4

Vacancy

  

Vacancy

N/A N/A N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

AR - Little Rock

CA - Humboldt County

DEMOGRAPHICS
CBSA Little RockNorth Little Rock Conway, AR

MARKET HIGHLIGHTS
• A 3-building complex was

DEMOGRAPHICS
CBSA Eureka Arcata Fortuna, CA

MARKET HIGHLIGHTS
• Wal-Mart to open its first store in

acquired from Verizon Wireless by local investors and offered to market as new multi-tenant inventory. SF of positive absorption in 4th Quarter of 2011. chain entered the market for major expansion and opened two stores in 4Q 2011.

Humboldt County in 2012. Shell has proposed construction of a 25 turbine wind farm.

Square Miles

3,572

Square Miles

4,090

• Retail market had over 115,000

• New construction of 48,000 SF

Population

130,076

Population

690,456

• Kum & Go convenience store
Households Household Income Average Employees (Total) 54,341

Safeway store completed in 2011 and 100,000 SF hospital addition to be completed in spring of 2012. commercial real estate slowly improved in 2011. Total commercial sales volume in 2011 increased by 5% from 2010 & Multi-Family sales volume is slightly up. Leasing remained strong in 2011. Although Retail & Warehouse rents decreased while Office rents were up significantly. listings in 2011 was slightly higher than the previous year. However, the sold median residential price was down slightly, as were residential rental rates. Humboldt County’s unemployment rate was slightly lower than the state average in 2011. The largest employers include Humboldt State University, St. Joseph Hospital and County of Humboldt.

• Confidence in investing in

Households Household Income Average Employees (Total)

276,042

• Dillard’s established internet
$71,848

fulfillment center and brought 300 jobs to area. made $100 million investment and created 140 jobs in Saline County. the “6th best mid-size city for jobs” and the ”14th best metro for young professionals.”

$53,630

• French company Saint-Gobain
290,765

36,951

Unemployment

10.6%

• The number of sold residential

Unemployment

6.5%

• Forbes.com named Little Rock

CONTACT
Coldwell Banker Commercial Hathaway Group 2100 Riverdale Rd., Suite 100 Little Rock, AR 72202 (501) 663-5400 www.hathawaygroup.com

CONTACT
Coldwell Banker Commercial • Pacific Partners Real Estate 1036 5th St., Suite A Eureka, CA 95501 (707) 442-2222 pacificpartnerscommercial.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
5

Vacancy

  

Vacancy


N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - Inland Empire / Palm Springs

CA - Inland Empire North / Victor Valley

DEMOGRAPHICS
CBSA RiversideSan BernardinoOntario, CA

MARKET HIGHLIGHTS
• Strongest property sector is

DEMOGRAPHICS
CBSA RiversideSan BernardinoOntario, CA

MARKET HIGHLIGHTS
• Macy’s was announced as a new

Multi-Family investments.

• There is excellent financing

mall anchor, replacing empty Gottschalks. doubling in size.

Square Miles

27,260

for apartment buildings in this market. by builders and developers for Multi-Family and Manufacturing properties. over 1 million SF. over 1 million SF.

• JCPenney announced it is
Square Miles 27,260

• Increase in Land acquisition
Population 4,171,856

• 500k Industrial space was
Population 4,171,856

absorbed at SCLA by furniture manufacturing. increased over 2010.

Households Household Income Average Employees (Total)

• Skechers USA has moved into
1,350,253

• 2011 Multi-Family prices
Households Household Income Average Employees (Total) 1,350,253

• Hewlett Packard has moved into
$67,386

• 3 Super Wal-Marts broke
$67,386

ground in past 8 months; 3 additional are slated for 2012.

• Office, Retail and Industrial are
1,156,307

improving in buildings that have a good location or are top properties.

1,156,307

Unemployment

7.8%

Unemployment

11.9%

CONTACT
Coldwell Banker Commercial NRT-Southern California 1081 North Palm Canyon Dr Palm Springs, CA 92263 (949) 280-2530 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial Real Estate Solutions 15500 W. Sand St., 2nd Floor Victorville, CA 92392 (760) 684-8000 www.cbcdesert.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
6

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - Los Angeles

CA - Los Angeles Westside

DEMOGRAPHICS
CBSA Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS
• Owner-users are purchasing

DEMOGRAPHICS
CBSA Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS
• Strongest property sectors are

buildings.

• Developers are in the market

Square Miles

4,850

looking for Mixed-Use projects and Apartments.

Square Miles

4,850

Multi-Family, single-tenant NNN investments, Medical Office and Industrial (due to the scarcity of the product and ability to convert to creative office uses). the Santa Monica-Venice creative corridors, Beverly Hills, West Hollywood and Brentwood. and financing is readily available. Cap rates in A/B areas are 4%-5%, B/C areas range from 4.75%-6.5%. much of it chasing similar product – well located property with strong tenants and/or upside potential. Most investors continue to be risk-averse and opt for lower returns on less risky investments. opportunities to build with several-hundred-thousand SF of Multi-Family, creative Office and Mixed-Use developments in the pipeline, slated to come on line in 2013-2015.

• Multi-Family is in high demand.
Population 12,935,173

• The strongest sub-markets are
Population 12,935,173

• Creative office space is in high

demand.

Households Household Income Average Employees (Total)

• Coastal submarkets, including
4,288,080

Santa Monica and Venice, are flourishing. companies are expanding.

Households Household Income Average Employees (Total)

• Multi-Family market is very active
4,288,080

$87,517

• Technology and entertainment

$87,517

• A lot of cash is on the sidelines,

5,313,010

5,313,010

Unemployment

10.6%

Unemployment

10.6%

• Developers are looking for

CONTACT
Coldwell Banker Commercial WESTMAC 1515 S. Sepulveda Blvd. Los Angeles, CA 90025 (310) 478-7700 www.westmac.com

CONTACT

Coldwell Banker Commercial NRT - Los Angeles 11999 San Vicente Blvd. Suite 100 Los Angeles, CA 90049 • Single family/condo market is (310) 820-6651 trending upwards with more offer www.cbcworldwide.com

activity, more sales and shorter marketing times.

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
7

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - Modesto

CA - Monterey / San Benito Counties

DEMOGRAPHICS
CBSA Modesto, CA

MARKET HIGHLIGHTS
• Stanislaus County is located in

DEMOGRAPHICS
CBSA Salinas, CA

MARKET HIGHLIGHTS
• Hampton Brown/National

Square Miles

1,494

the Central Valley. Its county seat is Modesto, which is where many people in the surrounding areas shop. AG-related, employing approximately 18,000 people or 11.3% of the total 160,000 people that are employed. Unemployment varies based on the fact that most of the AG jobs are seasonal. located have been attracting new tenants with some major remodeling. Due to lack of new construction, the vacant space has been absorbed as needs arise. Kaiser Permanente built a major hospital complex with Memorial Hospital making a major expansion. the government sector based on tax assessments being lowered by a downturn in real estate values. Leveling out has occurred and all are hoping real estate prices will start to rise in 2012. This will only come if the unemployment in the area starts to decline. in good centers and locations.

Square Miles

3,322

• The major industry is
Population 512,221

Geographic vacated a large portion (approximately 30,000 SF of space) on Carmel Rancho Blvd., Carmel and relocated to Ryan Ranch Business Park, Monterey. relocated to a 40,000 SF space in the Santa Lucia Shopping Center, Greenfield, CA on a 10 year lease deal. in downtown Carmel-by-theSea, where demands are up and rents per SF are up. Khaki’s just relocated to Carmel. Core Center, is looking at a new plan. The city and business community is focused and moving forward with a redevelopment plan to increase the Mixed-Use properties and a large conference service expansion. There are currently 2-3 major projects in the work for this area. slightly down, and there is a large amount of Office space available. are stabilizing in residential.

Population

413,103

• San Miguel Market/PAQ Inc.

Households Household Income Average Employees (Total)

167,008

Households Household Income Average Employees (Total)

133,220

$63,534

• Shopping areas that are well

• Retail activity is up, especially
$86,472

140,743

120,633

• Downtown Monterey, the
Unemployment 14.9%

Unemployment

16.1%

• There has been major layoffs in

CONTACT
Coldwell Banker Commercial Vinson Chase, Realtors 220-C Standiford Ave. Modesto, CA 95350 (209) 577-2121 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial NRT - Carmel 3775 Via Nona Marie Carmel, CA 93923 (831) 626-2200 www.cbcworldwide.com

• Office space rental rates are

• Office and Retail are improving

• Shrinking inventory and prices

OFFICE
Vacancy

RETAIL
Vacancy

OFFICE
Vacancy

RETAIL
Vacancy

  

  

  

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
8

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - Monterey Peninsula

CA - Orange County

DEMOGRAPHICS
CBSA Salinas, CA

MARKET HIGHLIGHTS
• Tuesday Morning, a national

DEMOGRAPHICS
CBSA Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS
• Class A High Rise outperformed

tenant, leased 10,000 SF. vacancy in this market. this market. continues.

the balance of the market.

• There has been no change in
Square Miles 3,322

• Retail Shopping Center

construction is still on hold. for $108.5 million. comeback.

• Limited new construction in
Population 413,103

Square Miles

4,850

• 2050 Main Street in Irvine sold • Sale-leasebacks are making a • LA Fitness inked a 91,023 SF

• Trend of the last few years • The area has restricted access

Population

12,935,173

Households Household Income Average Employees (Total)

133,220

$86,472

to water; consequently new business activity is limited to what water is actually available on site.

Households Household Income Average Employees (Total)

4,288,080

long-term lease.

• Multi-Family market is hot.
$87,517

120,633 5,313,010

Unemployment

14.9% Unemployment 7.8%

CONTACT
Coldwell Banker Commercial NRT - Carmel 3775 Via None Marie Carmel, CA 93923 (831) 626-2200 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial NRT - Newport Beach 4 San Joaquin Plz., Suite 260 Newport Beach, CA 92660 (949) 644-1600 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
9

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - Redding

CA - Rowland Heights

DEMOGRAPHICS
CBSA Redding, CA

MARKET HIGHLIGHTS
• Retail vacancy rate fell 2% in

DEMOGRAPHICS
CBSA Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS
• Team One Employment

2011.

• Government lease dominated
Square Miles 3,785

the Office market.

Specialist (Skechers) closed its 3 locations in Ontario totaling 1.31m SF building as of 10/31/2011. confidence is making business owners downsize. Vacancy is still fluctuating. struggling because of REOs; the market is expecting the most foreclosure homes in 2012. the overall market unstable, but it is expected to see a clear turning point by the end of 2014. but pretty stable compared to other cities in U.S.

• One hotel is under construction
Population 181,457

Square Miles

4,850

and another is about to break ground. opportunities are fading.

• Continued lack of consumer

• Distress/foreclosure
Households Household Income Average Employees (Total) 71,491

Population

12,935,173

• Residential market is still
Households Household Income Average Employees (Total) 4,288,080

• Retail rents are stable and

possibly on the rise.

$60,230

• Unemployment rate has fallen

for 4 consecutive months.

$87,517

• Lack of confidence still makes

53,468 5,313,010

Unemployment

13.4% Unemployment 11.6%

• The area is mostly downsizing,

CONTACT
Coldwell Banker Commercial C&C Properties 2155 Larkspur Ln. Redding, CA 96002 (530) 222-2011 www.cbcnorthstate.com

CONTACT
Coldwell Banker Commercial George Realty 19220 E. Colima Rd. Rowland Heights, CA 91748 (626) 457-2300 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
10

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - San Diego

CA - San Fernando / San Gabriel Valley

DEMOGRAPHICS
CBSA San DiegoCarlsbad-San Marcos, CA

MARKET HIGHLIGHTS
• Sales activity for Retail buildings

DEMOGRAPHICS
CBSA Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS
• Green Dot Corporation moved

is up and cap rates are down. rise in prices due to very low new construction activity. increased to 16.9%.

• This market is experiencing a
Square Miles

to Pasadena and leased 143,000 SF. and leasing additional space. Vacancy is slowly decreasing. Office buildings; however, no new Office developments have commenced construction. due to the local and regional tenant activity, which landlords are accepting in lieu of disappearing national credit activity. Multi-Family properties due to: 1) income 2) desire for conservative investments 3) low interest rates and financing availability.

Square Miles

4,200

• Office users are slowly hiring
4,850

• Overall vacancy for Office
Population 3,071,264

• There are many proposed
Population 12,935,173

• Illumina moved into 171,340 SF
Households Household Income Average Employees (Total) 1,129,261

at Bldg 1 at 5200 Research Place and 159,272 SF at Bldg 2. 10.8%.

Households Household Income Average Employees (Total)

4,288,080

• Industrial vacancies are up to
$89,161 $87,517

• Retail vacancies are decreasing

1,227,936 5,313,010

• There is a high demand for

Unemployment

8.9% Unemployment 11.6%

CONTACT
Coldwell Banker Commercial NRT - La Mesa 9332 Fuerte Drive La Mesa, CA 91941 (619) 460-6600 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial North County 801 N. Brand Blvd., Suite 180 Glendale, CA 91203 (818) 334-1900 www.cbcnco.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
11

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - San Francisco

CA - San Gabriel Valley North

DEMOGRAPHICS
CBSA San FranciscoOaklandFremont, CA

MARKET HIGHLIGHTS
• Salesforce.com has signed

DEMOGRAPHICS
CBSA Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS
• Pricing and demand increasing

a 400,000 SF lease in San Francisco, the largest Office deal in the city in a decade. seen substantial growth and demand for public offerings.

slightly but positively.

• Class A product and smaller

Square Miles

2,473

• Several tech companies have

Square Miles

4,850

buildings have retained their value better. Office vacancy is 13-14%.

• Industrial vacancy is 4-5%.
Population 12,935,173

Population

4,347,767

• South of Market construction

Households Household Income Average Employees (Total)

1,661,661

has rebounded slowly and will continue in Mission Bay, highlighted by the erection of UCSF’s new medical center. properties remain flat, although the sales volume has increased. leaders such as Bank of America continue to face economic hardships, technology and biotech firms will continue to drive the city’s employment and real estate market. vacancy rate was 14.7% in the fourth quarter of 2011, the ninth-lowest among 79 metropolitan areas. Asking rates in South of Market climbed 22% in the fourth quarter from a year earlier to $46 a SF, the fastest growth rate for that area since 2000.

• Virtually no construction for

Households Household Income Average Employees (Total)

4,288,080

Office and Retail. It will require increase in space demand and rates. leases 1-2 years early at current market rates. foreclosures partially due to large down payments. SBA is seeing more foreclosures due to low down payments in the 10-20% range. increasing with several in the pre-development stage.

$113,164

• Median prices for residential

• Many tenants are renewing
$87,517

1,916,201

• As high profile service industry

• Very few commercial
5,313,010

Unemployment

7.3%

Unemployment

11.6%

• San Francisco’s citywide Office

• Demand for large Hotels is

CONTACT
Coldwell Banker Commercial Westbay Real Estate Group 1575 Bayshore Hwy., Suite 100 Burlingame, CA 94010 (650) 344-4300 www.cbcburlingame.com

CONTACT
Coldwell Banker Commercial NRT - Arcadia 15 E. Foothill Blvd. Arcadia, CA 91006 (800) 445-5500 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy


N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
12

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CA - Southwest Riverside County

CO - Western

DEMOGRAPHICS
CBSA Riverside-San BernardinoOntario, CA

MARKET HIGHLIGHTS
• EB-5 money floods the market,

DEMOGRAPHICS
CBSA Grand Junction, CO

MARKET HIGHLIGHTS
• Industrial sector leads all

closing over 200,000 SF in Industrial.

sectors in western Colorado. board.

Square Miles

27,260

• Industrial leases on the rise,

• Vacancy levels stable across the
Square Miles 3,328

Office vacancy is down, Retail lease rates are up. space was completed for Professional Hospital Supply’s headquarters. leased to Abbott Laboratories under a 4 year agreement. dropped from 15% to 12.5%, building optimism in business owners.

• Retail vacancies are up slightly.
Population 148,298

Population

4,171,856

• 160,000 SF of corporate Office

• Residential sales numbers grow,

while prices decline.

Households Household Income Average Employees (Total)

1,350,253

Households Household Income Average Employees (Total)

60,317

• Unemployment still at 9% and

• 191,000 SF of Industrial space
$67,386

has not subsided. The economy is expected to be flat for the next year or two. emerging wine capital of Rocky Mountains.

$61,730

• Unemployment rate has
1,156,307

• Western Colorado is the

54,564

Unemployment

12.5%

Unemployment

9.0%

CONTACT
Coldwell Banker Commercial Sudweeks Group 27708 Jefferson Ave., Suite 201 Temecula, CA 92591 (951) 200-7683 www.cbcsuds.com

CONTACT
Coldwell Banker Commercial Prime Properties, LLC 550 Patterson Rd., Suite B Grand Junction, CO 81506 (970) 243-7375 www.grandjunctioncommercial.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
13
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

CT - Danbury / New Haven County

CT - Fairfield County

DEMOGRAPHICS
CBSA BridgeportStamfordNorwalk, CT

MARKET HIGHLIGHTS
• Forever 21, Dick’s Sporting

DEMOGRAPHICS
CBSA BridgeportStamfordNorwalk, CT

MARKET HIGHLIGHTS
• Significant 2011 leases include:

Square Miles

626

Population

904,874

Goods, Cheesecake Factory and Brio have landed at the Danbury Fair Mall. General Motors Northeast Regional Sales Division occupied 26,000 SF of Class A Office space at The Matrix Corporate Center. PepsiCo has also chosen to locate in Danbury, with 10,665 SF of Class A Office space. due in part to low supply and an influx of commuting professionals now residing in neighboring Brewster, NY. Key transportation outlets allow them to commute to lower Fairfield County, New York City and Boston, while enjoying a more affordable lifestyle locally. $33.8M / 95,000 SF Armed Forces Reserve Center in Danbury, CT. Brookfield, CT. Costco (12,000 SF) is increasing existing building by 15,000 SF and will also construct a gas station on abutting 1.25 acre pad site. Danbury Regional Hospice to construct a 30,000 SF center.

Square Miles

626

Population

904,874

Largest Industrial - 275k SF, NBC Sports at The Campus (former Clairol site); Largest Offices are 230k SF for Bridgewater Assoc at 20 Westport Rd and GE Asset Mgmt expanded from Stamford Sq. w/ 147k into 158k SF at 1600 Summer St. vacant-sublease space decreased across the board. Office went from 860k SF to 599k SF, Industrial from 111k SF to 74k SF and Retail from 50k SF to 16k SF. completed was 950k SF; 547k SF of Office, 148k SF of Industrial and 254k SF of Retail. commercial space in Fairfield County with 67M SF of Office; 58M SF of Industrial and 47M SF of Retail. increased by 30% over 2010 and Connecticut is the 15th most popular state for a Fortune 500 corporate headquarter locations.

• Fairfield County’s available,
Households Household Income Average Employees (Total) 336,733

Households Household Income Average Employees (Total)

336,733

• Area vacancy rates are down

$149,604

$149,604

• The total new construction
419,437

419,437

Unemployment

6.0%

• Construction in the area includes:

Unemployment

6.9%

• There is 172M SF of existing

CONTACT

CONTACT
Coldwell Banker Commercial NRT - CT 77 Old Ridgefield Road Wilton, CT 06897 (203) 831-4187 www.cbcworldwide.com

• Commercial Sales have

Coldwell Banker Commercial Scalzo Group 2 Stony Hill Rd., Suite 101 Bethel, CT 06801 • Despite lower mortgage rates, (203) 744-7077 single family home sales volume www.coldwellbankerscalzo.com

and pricing are down, remaining approximately 28% and 30% below the 2005 peak.

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
14

Vacancy

  

Vacancy

N/A N/A N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

DE - Sussex County

FL - Alachua County

DEMOGRAPHICS
CBSA Seaford, DE

MARKET HIGHLIGHTS
• Several national tenants are

DEMOGRAPHICS
CBSA Gainesville, FL

MARKET HIGHLIGHTS
• 266 Office lease listings totaling

currently in negotiations for space on Coastal Highway near Rehoboth. Sussex is starting to improve after more than three years in the doldrums.

811,790 SF are currently on the market. rate is $13.05/SF, a decrease of 1.87% since 4th Qtr 2010. the market 413 days.

Square Miles

938

• Commercial activity in Eastern

Square Miles

1,223

• Average gross Office lease

Population

194,215

Population

261,674

• Average Office lease listing is on • 192 Retail lease listings totaling

• Very little new commercial
Households Household Income Average Employees (Total) 78,981

construction is causing absorption of existing Retail and Office space. sales was up 9% for 2011.

Households Household Income Average Employees (Total)

113,545

779,897 SF are on the market.

$67,088

• Volume for closed residential • Eastern Sussex County is the

• Average NNN Retail lease rate is
$62,879

$15.14/SF, a decrease of 1.65% since 4th Qtr 2010. the market 530 days.

68,986

leading retiree destination for the mid-Atlantic states. are so low that many buyers think they are being quoted a monthly rate.

87,322

• Average Retail lease listing is on

Unemployment

7.7%

• Property taxes in Sussex County

Unemployment

7.6%

CONTACT
Coldwell Banker Commercial Resort Realty 20184 Coastal Hwy. Rehoboth Beach, DE 19971 (302) 227-5000 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial M.M. Parrish Realtors 3870 N.W. 83rd St. Gainesville, FL 32606 (352) 264-3800 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY
N/A N/A N/A
Vacancy

INDUSTRIAL
N/A N/A N/A
15
Vacancy

MULTI-FAMILY

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

FL - Deltona-Daytona / Ormond Beach

FL - Jacksonville

DEMOGRAPHICS
CBSA Deltona Daytona Ormond Beach, FL

MARKET HIGHLIGHTS
• Daytona Beach International

DEMOGRAPHICS
CBSA Jacksonville, FL

MARKET HIGHLIGHTS
• EverBank Financial Corporation

Airport reports that boardings are up and Jet Blue and Southwest are in discussions to begin service this year. are up and the Hospitality industry is seeing increased projections.

Square Miles

3,221

Square Miles

1,103

• Resort and Bed tax collections
Population 1,334,380

leased 270,000 SF, covering nine floors, at the AT&T Tower. The building will be renamed “EverBank Tower.” The move should help to revitalize the downtown area.

• Bi-Lo, the Greenville, SC-based

Population

495,625

• Multiple large and small beach
Households Household Income Average Employees (Total) 214,567

$62,419

front Hotel/Motel operations are going through major renovations and upgrades, with multiple large ocean front property sales being completed for future development. across the country to be selected as a “Forward Next Generation Learning Community.”

Households Household Income Average Employees (Total)

518,910

$76,866

supermarket chain, agreed to buy Winn-Dixie Stores, Inc. for $560 Million. The new company will have around 687 grocery stores and a workforce of 63,000 in eight states throughout the Southeast. Parkway Apartment Complex is an indicator that the city’s rental market is improving and should continue to trend upward in 2012. 2,000 employees in the first quarter of 2012, 40 to 50 of whom will be in their Jacksonville office. The restaurant industry was on the mend locally in 2011. New national and regional restaurant chains to the area include: Seasons 52, BJ’s Restaurant & Brewhouse, Logan’s Roadhouse, Smashburger, First Watch and Poe’s Tavern.

• The $55 million sale of a Gate
551,254

• This is one of 19 communities
146,482

Unemployment

9.2%

Unemployment

10.1%

• Embry-Riddle Aeronautical

• Acosta, Inc. expects to hire

CONTACT
Coldwell Banker Commercial Benchmark 570 Memorial Cir., Suite 300 Daytona Beach Ormond Beach, FL 32174 (386) 672-8530 www.cbcbenchmark.com

University of Daytona Beach has been selected as one of three Next-Gen test beds for the modernization of the National Airspace System. production square footage for their fiber optic and electrical interconnect systems.

CONTACT
Coldwell Banker Commercial • Benchmark 4348 Southpoint Blvd., Suite 310 Jacksonville, FL 32216 (904) 281-1990 www.cbcbenchmark.com

• Teledyne is doubling their

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
16

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

FL - Lakeland / Winterhaven

FL - Manatee, Sarasota, Charlotte Counties

DEMOGRAPHICS
CBSA LakelandWinter Haven, FL

MARKET HIGHLIGHTS
• Several new Industrial users

DEMOGRAPHICS
CBSA SarasotaBradentonVenice, FL

MARKET HIGHLIGHTS
• Ringling Brothers & Barnum &

have made announcements including Mission Foods.

Square Miles

2,010

• The focus on start-up

Bailey Circus are bringing their Headquarters back to Manatee County. Sarasota have increased.

businesses is helping small space occupancy in Retail and Office. and Polk Parkway is in first phase of construction. increased demand for Apartments.

Square Miles

1,313

• Industrial leasing and sales in • Residential construction is

Population

599,564

• USF Polytechnic located at I-4

Population

689,676

picking up steam in this market.

• Home sales are on the rise.
Households Household Income Average Employees (Total) 311,173

Households Household Income Average Employees (Total)

233,208

• Foreclosures are driving
$55,323 $79,698

• It has been speculated that

the commercial market has hit bottom. the country and a pro business attitude.

• Several banks are offering
239,100

attractive rates for commercialindustrial loans; increasing demand for owner-user commercial space. Haven is fully operational and attendance is meeting expectations.

• This area has the #1 beach in
230,801

Unemployment

10.7%

• LEGOLAND Florida in Winter

Unemployment

9.8%

CONTACT
Coldwell Banker Commercial Saunders Ralston Dantzler Realty 114 N. Tennessee Ave. Lakeland, FL 33801 (863) 648-1528 www.srdcommercial.com

CONTACT
Coldwell Banker Commercial NRT - Sarasota 100 N. Tamiami Trl. Sarasota, FL 34236 (941) 925-8586 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
17

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

FL - Port St. Lucie

FL - South

DEMOGRAPHICS
CBSA Port St. Lucie, FL

MARKET HIGHLIGHTS
• Government tenants are

DEMOGRAPHICS
CBSA Miami-Fort LauderdalePompano Beach, FL

MARKET HIGHLIGHTS
• Absorption is up across all

demanding improvements and some landlords cannot finance the construction. at rents of approximately 35% of 2008. County.

sectors.

• Multi-Family investment is

Square Miles

1,128

• More Retail is being absorbed

soaring in this region. stabilize.

Square Miles

5,126

• Retail rental rates starting to • Housing market is seeing strong

Population

407,361

• No new construction in St. Lucie • Owners who purchased Land

Population

5,566,404

international investment. existent.

Households Household Income Average Employees (Total)

169,340

$74,600

or buildings in 2005 cannot refinance their notes. They find their property is now worth 50% of 2005 and are losing ownership. (Vaccine and Gene therapy Institute) and Digital Domain have all opened large biotech labs in last 18 months. Outlook for better jobs in future.

Households Household Income Average Employees (Total)

• New construction is non
2,128,471

• Banks are starting to use short
$82,033

sales as an option.

117,662

• Torry Pines Institute, VGTI

2,069,525

Unemployment

11.2%

Unemployment

9.7%

CONTACT
Coldwell Banker Commercial NRT - Port St. Lucie 1973 S.W. Savage Blvd. Boca Raton/Port St. Lucie, FL 34953 (561) 995-7564 www.stluciewestcommercialrealestate.com

CONTACT
Coldwell Banker Commercial NRT - Boca Raton 1800 N.W. Corporate Blvd. Boca Raton, FL 33431 (561) 479-1225 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
18
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

FL - Southwest

FL - Tampa / St. Petersburg

DEMOGRAPHICS
CBSA Naples-Marco Island, FL

MARKET HIGHLIGHTS
• Now is the time to buy in SW

DEMOGRAPHICS
CBSA Tampa-St. PetersburgClearwater, FL

MARKET HIGHLIGHTS
• Tampa ranked as the third “best

Florida. Many properties are at 20 year lows and are far below replacement cost. Office and Industrial. around.

Square Miles

2,025

• Vacancies are falling in Retail, • Residential market has turned

performing” large metropolitan areas for job growth in the nation, according to a report released by Headlight LLC.

Square Miles

2,554

• The Sunshine State was

Population

320,101

Population

2,757,566

Households Household Income Average Employees (Total)

132,487

• Housing is starting to move

ranked first in the nation for its workforce in CNBC’s fourth annual “America’s Top States for Business” rankings. the “most cost-competitive large city for doing business” among 22 major U.S. cities. The ranking was based on a variety of business operating costs including labor, taxes, real estate and utilities (KPMG, 4/2010). absorption since 2005.

upward.

Households Household Income Average Employees (Total)

• Tampa was ranked #1 as
1,166,605

$118,854

$67,904

115,960 1,059,081

Unemployment

9.5% Unemployment 10.0%

• Office Leasing: best net

CONTACT
Coldwell Banker Commercial NRT - Naples 550 Fifth Ave. S. Naples, FL 34102 (239) 596-6130 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial NRT - Tampa 5010 W. Kennedy Blvd., 2nd Floor Tampa, FL 33609 (813) 286-2964 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
19
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy

N/A N/A N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

FL - The Florida Keys

FL - Vero Beach / Indian River County

DEMOGRAPHICS
CBSA Key West, FL

MARKET HIGHLIGHTS
• Border Patrol Office and Winn-

DEMOGRAPHICS
CBSA Sebastian Vero Beach, FL

MARKET HIGHLIGHTS
• Market is showing slow

Dixie have recently expansed.

improvement.

• This area has the lowest
Square Miles 997

unemployment rate in Florida; hotel occupancy and ADR is the highest in the State. Holiday Inn Express opened recently.

• Income properties sell as

Square Miles

503

occupancy and rents increase. still a challenge.

• Unemployment is down but is
Population 135,534

Population

73,047

• Dunkin Donuts, Walgreens and

• Indian River county is offering

job grant incentives.

Households Household Income Average Employees (Total)

32,553

• Inventory is down by double • Urgency has re-entered the

Households Household Income Average Employees (Total)

59,807

digits and sales are up equally. marketplace.
$94,759

• New construction remains soft. • Owners are starting to offer

$98,489

financing due to bank financing challenges. distribution location 300 miles from 80% of the state’s population.

29,685

• Severe development restrictions

provide significant barriers to entry.

• The area is an excellent central
43,595

Unemployment

6.2%

Unemployment

11.4%

• Bio fuel companies like this area

due to quantity of agricultural land.

CONTACT
Coldwell Banker Commercial Schmitt Real Estate Company 11050 Overseas Hwy. Marathon, FL 33050 (305) 743-5181 www.commercialfloridakeys.com

CONTACT
Coldwell Banker Commercial Ed Schlitt, L.C. 1950 U. S. Hwy. 1 Vero Beach, FL 32960 (772) 778-1801 cbc.flcoldwellbanker.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
20

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

GA - Athens

GA - Atlanta Greater MSA

DEMOGRAPHICS
CBSA Athens-Clarke County, GA

MARKET HIGHLIGHTS
• Notable commercial growth

DEMOGRAPHICS
CBSA Atlanta-Sandy Springs Marietta, GA

MARKET HIGHLIGHTS
• The Atlanta Office market ended

Square Miles

1,031

Population

193,495

includes the opening of a new LEED certified downtown Athens parking deck. The 265,000 SF facility includes 540 parking spaces, as well as Retail space, Offices, and a rooftop garden. The project represents the first public-private partnership in Athens. House, Fuzzy’s Taco Shop, Yoforia, Momma Goldberg Deli and Partner Software. in Oconee County along the newly completed Oconee Connector/Jennings Mill Pkwy extension off GA Hwy 316. The Georgia DOT helped fund the $13.6 million project, which has already resulted in developers submitting plans for future commercial projects.

Square Miles

8,376

Population

5,521,582

2011 with its strongest quarter of Office absorption in 4.5 years. Office occupancy increased by 556,476 SF in the fourth quarter, bringing the 2011 year end total to just over 811,000 SF. All space types and the market as a whole are 17.8% vacant. submarkets, accounting for almost all of 2011’s space absorption. Six of the top ten largest move-ins of the year occurred in the fourth quarter. construction was up in Office, Retail and Industrial. downtown space; Regions Bank consolidated from multiple Offices across the market into 80,000 SF at Atlantic Center Plaza in Midtown; and the Reznick Group consolidated Offices into 77,049 SF in Buckhead.

• Buckhead led all Atlanta Office
Households Household Income Average Employees (Total) 2,028,400

Households Household Income Average Employees (Total)

77,486

• New tenants include Waffle

$57,618

• Commercial growth is expected

$77,990

• Atlanta 2011 year-end market
2,223,339

60,760

• InComm doubled its 90,000 SF
Unemployment 9.4%

Unemployment

7.3%

CONTACT
Coldwell Banker Commercial Upchurch Realty 2405 W. Broad St. Athens, GA 30606 (706) 354-7870 www.upchurchrealtycommercial.com

CONTACT

Coldwell Banker Commercial • The foremost trend in the Office Metro Brokers market in 2011 was the flight 3575 Piedmont Rd. N.E., Piedmont Center, Bldg. 15, to quality by tenants. Tenants Suite 950 chose Class A properties Atlanta, GA 30305 overwhelmingly, taking (678) 320-4800 advantage of favorable rental www.cbcworldwidemetro.com

OFFICE
Vacancy

RETAIL

OFFICE

rates and absorbing over 1.6M SF of space in 2011.

RETAIL
Vacancy

  

Vacancy

  

Vacancy

  

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
21

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

GA - Atlanta MSA

GA - Greene / Morgan / Putnam Counties

DEMOGRAPHICS
CBSA AtlantaSandy Springs Marietta, GA

MARKET HIGHLIGHTS
• The overall market continues to

DEMOGRAPHICS
CBSA Greene County, GA

MARKET HIGHLIGHTS
• Overall market pricing is

firm up with increased activity in most sectors.

beginning to stabilize. increased.

• The Atlanta MSA consists of
Square Miles 8,376

• Liquidation priced REO’s have
Square Miles 345

Population

5,521,582

28 counties, over 7 million in population and includes the world’s busiest airport, superior intermodal connections, making it the distribution hub for the southeast. one of the biggest emblems of Atlanta’s Real Estate Boom, was sold at auction for $250 million. important changes to flood hazard maps are underway. These changes may impact closings and existing loans for residents and business owners. giant lease consolidating in a building that once housed consumer giant Unilever. Owings Corning will occupy a little more than 1 million SF in the building. developing a 900,000 SF distribution center in Henry County.

• Residential homes sales are up

in this market.

Population

21,218

• The new Rock Eagle Science

Households Household Income Average Employees (Total)

• The Bank of America Plaza,
2,028,400

Households Household Income Average Employees (Total)

8,601

$71,671

$77,990

• Throughout metro Atlanta,

5,263

& Technology Park is currently under construction. The project, partially funded by a $500,000 grant from Georgia One, consists of 130-acre tract of Land planned for 21 parcels to be marketed for small to medium-sized technology companies. tri-county trade area, including Morgan, Greene and Putnam Counties. The area is a resort area with two recreational lakes (Oconee and Sinclair).

2,223,339

• The Lake Area consists of a
Unemployment 11.1%

Unemployment

9.4%

• Owings Corning completed a

CONTACT
Coldwell Banker Commercial NRT - Atlanta 6285 Barfield Rd. Atlanta, GA 30328 (404) 705-1590 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial Lake Country 1020 Greensboro Rd. N.E., Eatonton, GA 31024 (706) 485-0124 www.cbcworldwide.com

• Georgia Pacific LLC is

OFFICE
Vacancy

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GA - Savannah

HI - Honolulu

DEMOGRAPHICS
CBSA Savannah, GA

MARKET HIGHLIGHTS
• Full steam ahead for Mitsubishi

DEMOGRAPHICS
CBSA Honolulu, HI

MARKET HIGHLIGHTS
• Hawaii’s economy remains

Power Systems. Savannah.

• Great Dane to expand in
Square Miles 1,359 Square Miles 600

• Savannah ranks as a “Top 5
Population 347,453

Container Port” in the United States. continues to fall.

healthier than the Continental U.S. However, it is slowing due to stagnant labor markets and limited construction. Tourism remains a bright spot posting a record spending of $1.3 billion in 2011. replay of 2011 for 2012, with only military and government projects being awarded, attracting out-of-state firms to compete for these contracts. rose to 6.6% with 41,900 unemployed. This is expected to increase due to HMC layoffs. sales are expected to increase over 2011 as “capital freeze” thaws. Significant sales in 2011 include: Pearlridge Uptown II for $36.7 million, $42.5 million for portion of leased fee under Hyatt Hotel Waikiki.

Population

910,677

• Metro Savannah unemployment
Households Household Income Average Employees (Total) 130,609 Households Household Income Average Employees (Total) 311,782

• Hawaii’s construction is a

• Gulfstream Aerospace plans
$74,653

$500 million expansion to add 1,000+ jobs to the market.

$83,803

• In 2011, unemployment rate

129,296

365,718

• Hawaii’s commercial investment
Unemployment 8.8% Unemployment 6.6%

CONTACT
Coldwell Banker Commercial Platinum Partners 128 Habersham St. Savannah, GA 31401 (912) 232-7120 www.cbcplatinum.com

CONTACT
Coldwell Banker Commercial NRT- Honolulu 737 Bishop St., Suite 2000 Honolulu, HI 96813 (808) 526-0896 www.cbcpacific.com

OFFICE
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ID - Boise

ID - Kootenai County

DEMOGRAPHICS
CBSA Boise CityNampa, ID

MARKET HIGHLIGHTS
• Grocery store expansion

DEMOGRAPHICS
CBSA Coeur d’Alene, ID

MARKET HIGHLIGHTS
• Major Industrial employer

Square Miles

11,788

remains on the forefront of the Retail market for the Treasure Valley. New to the market are Whole Foods and Rosauers. Fred Meyer and Wal-Mart continue to expand. throughout 2011, ending the year 12.3% across the Treasure Valley. construction in over 5 years. CenterCal Properties broke ground on 1 million SF of Retail and Restaurant space on a 100acre Retail site. with home sales increasing by 34% in 2011. Realtor.com ranked Boise as #8 in the “Top 10 turn-around towns.”

expanding to include 85,000 SF building and 125 additional employees. technology center, has been approved by voters in 3 districts. Interchange in Post Falls will increase access to retail area. increasing due to the economy. New construction of apartments is underway. for a new hospital residency program. sold doubled 2010 figures.

Square Miles

1,245

• KTEC, a new 54,000 SF

Population

610,611

• Vacancy remained stable

Population

140,628

• Construction of Beck Road
Households Household Income Average Employees (Total) 53,154

Households Household Income Average Employees (Total)

224,823

• 2012 could see the most new
$69,877

• Apartment renters are
$62,733

232,386

49,226

• Positive signs heading into 2012
Unemployment 8.4% Unemployment 10.2%

• 6 acres have been re-zoned

• 2011 commercial properties

• Landlord concessions will

CONTACT
Coldwell Banker Commercial NRT - Boise 4105 N Legacy Woods Ave. Meridian, ID 83646 (208) 888-1825 www.coldwellutah.com

continue to be less favorable for tenants. Class A space remains in high demand. all display positive signs that Boise will show resurgence in the Investment market.

CONTACT
Coldwell Banker Commercial Schneidmiller Realty 2000 Northwest Blvd. Coeur d’Alene, ID 83814 (208) 765-4300 www.cbcsr.com

• Investor and lending appetite

OFFICE
Vacancy

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IL - Bloomington / Normal

IL - Champaign / Urbana

DEMOGRAPHICS
CBSA BloomingtonNormal, IL

MARKET HIGHLIGHTS
• State Farm Insurance plans to

DEMOGRAPHICS
CBSA ChampaignUrbana, IL

MARKET HIGHLIGHTS
• The local CRE market appears to

add 300 employees.

have hit the bottom in 2011.

• Uptown Normal is busy with
Square Miles 1,184

Transportation Center and other projects in the works. development is active.

• Buyers and tenants are
Square Miles 1,923

responding to opportunities. occupied buyers. commodity. leveled out.

• ISU campus Apartment
Population 168,918 Population 227,494

• Financing is available for owner• Student housing remains a hot • The unemployment rate has • 2012 looks to be another year of

• Healthcare expansions for
Households Household Income Average Employees (Total) 70,687

Advocate Bromenn and OSF. consistently best.

Households Household Income Average Employees (Total)

97,325

• Local jobless rate stays
$73,184

• Forbes rates area #22 best on

$61,774

69,980

their list of “Best Small Places for Business and Careers.”

steady improvement.

80,156

Unemployment

7.0%

Unemployment

7.9%

CONTACT
Coldwell Banker Commercial Heart of America Realtors 802 S. Eldorado Rd. Bloomington, IL 61704 (309) 662-3377 www.cbhoacommercial.com

CONTACT
Coldwell Banker Commercial Devonshire Realty 201 W. Springfield Ave., 11th Floor Champaign, IL 61820 (217) 352-7712 www.cbcdr.com

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IL - Chicagoland

IL - Springfield

DEMOGRAPHICS
CBSA Chicago NapervilleJoliet, ILIN-WI

MARKET HIGHLIGHTS
• The Chicago Industrial market

DEMOGRAPHICS
CBSA Springfield, IL

MARKET HIGHLIGHTS
• Scheels opened a 200,000 + SF

Square Miles

7,212

Population

9,617,804

continued to improve in the 4th quarter of 2011. There was 1,550,000 SF of net absorption in the 4th quarter. The largest leases signed in 2011 were Clorox for 1,350,000 SF, Home Depot for 658,000 SF, 3M for 651,000 SF and Samsung for 649,000 SF. and Office space decreased in the 4th quarter of 2011 while the vacancy rate for Retail increased. The main reasons for the lower vacancy rate in Industrial and Office are because several large blocks of space were leased and there was virtually no new construction. new construction of Retail, Industrial or Office space in 2011 and almost all of the new construction completed has been build-to-suits or space that was pre-leased. continues to struggle for sales of single family homes and condominiums. However, the Apartment market continues to flourish with low vacancies and increasing rents. There are also several new high end Apartment buildings being built.

store.

• Springfield market has good
Square Miles 1,182

stability because of a large work force employed by the medical community and State Government. approximately $180,000,000 in new development and redevelopment of its campus. This adds jobs to the medical community and to other sectors of the economy. up from previous year and continues to improve.

Population

208,696

• St. John’s Hospital is doing

• The vacancy rate in Industrial
Households Household Income Average Employees (Total) 3,484,370

Households Household Income Average Employees (Total)

87,497

$70,814

$88,029

• Residential market is slightly
85,028

4,186,171

• There has been virtually no
Unemployment 9.3%

• Gradual increases are a result of
Unemployment 7.5%

stability of work force and the large area of Central Illinois that the Springfield market services. approximately 3 hours from Chicago, 1 1/2 hours from St. Louis and has Interstate 55 that goes from St. Louis to Chicago and Interstate 72 that runs from Eastern Illinois through Champaign to Missouri. The town is centrally located for all types of commercial activity.

• Springfield is located

CONTACT
Coldwell Banker Commercial NRT - Northbrook 2215 Sanders Rd., Suite 350 Northbrook, IL 60062 (847) 313-4646 www.cbcnrt.com

CONTACT
Coldwell Banker Commercial Devonshire Realty 3201 Old jacksonville Rd. Springfield, IL 62711 (217) 546-6650 www.cbcdr.com

• The residential market

OFFICE
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KS - Kansas City Metro Area

KY - Louisville Metro

DEMOGRAPHICS
CBSA Kansas City, MO-KS

MARKET HIGHLIGHTS
• The Kansas City Metro

DEMOGRAPHICS
CBSA Louisville/ Jefferson County, KY-IN

MARKET HIGHLIGHTS
• Demand for Apartments

manufacturing sector saw a 2.8% employment growth in 2011. on investing $1.1 billion in the metro area. Income is $107,505.

remains high.

• Unemployment is down. UPS is

Square Miles

7,857

• Ford Motor Company plans

the area’s largest employer. picking up. vacancies.

Square Miles

4,135

• New construction activity is • There are plenty of Retail • The Office market remains flat.

Population

2,076,653

• The average Metro Household • Several large-format Retail

Population

1,263,217

Households Household Income Average Employees (Total)

819,900

centers are scheduled for construction in 2012. the year.

Households Household Income Average Employees (Total)

506,857

• The Louisville economy has

$107,505

• Housing sales were up 13% for • Cerner Corporation has

remained stable.

$71,165

914,989

continued to expand in the Metro Area.

549,941

Unemployment

7.3% Unemployment 8.7%

CONTACT
Coldwell Banker Commercial Fishman and Company 1948 E. Santa Fe St. Olathe, KS 66062 (913) 782-9000 www.cbcfishman.com

CONTACT
Coldwell Banker Commercial McMahan Co. 6402 Railroad Ave. Crestwood, KY 40014 (502) 241-8811 www.cbcworldwide.com

OFFICE
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KY - Southern

LA - Lafayette

DEMOGRAPHICS
CBSA Bowling Green, KY

MARKET HIGHLIGHTS
• Kentucky Transpark located in

DEMOGRAPHICS
CBSA Lafayette, LA

MARKET HIGHLIGHTS
• Oil industry both onshore and

Bowling Green, KY, was chosen as a national CSX Select Site. Location for Business and Careers” in Forbes Annual Survey.

offshore has stabilized and continues to increase.

Square Miles

848

• Bowling Green is a “Top Five

Square Miles

1,010

• Very few quality Industrial

buildings are available in market area. Industrial new construction with high demand and low availability for either sale or lease. decreased.

Population

121,646

• New business growth is on the

Population

264,966

• This is an active market for

rise in Southern Kentucky. rise in Southern Kentucky.

Households Household Income Average Employees (Total)

50,840

• Residential market continues to • Bowling Green is the home of

Households Household Income Average Employees (Total)

101,487

• Office market vacancies have
$72,004

$61,970

the Minor League Baseball Team - Bowling Green Hot Rods. continues to grow with Southern Kentucky Performing Arts Center (SKYPAC).

• Previous excess Retail space is
139,997

50,727

• Bowling Green downtown

being absorbed.

• Residential new construction
Unemployment 4.6%

Unemployment

7.3%

is steady and values have been maintained.

CONTACT
Coldwell Banker Commercial Legacy Real Estate Group 2435 Fitzgerald Industrial Dr., Suite 100 Bowling Green, KY 42104 (270) 781-3844 www.cbclegacy.com

CONTACT
Coldwell Banker Commercial Pelican Real Estate 806 E. Saint Mary Blvd. Lafayette, LA 70503 (337) 233-9541 www.cbcpelican.com

OFFICE
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LA - New Orleans

ME - Midcoast

DEMOGRAPHICS
CBSA New Orleans- • Metairie Kenner, LA

MARKET HIGHLIGHTS
Oschner Hospital continued expansion by signing an 80,000 SF Office lease in the recently renovated Benson Tower adjacent to the Mercedes-Benz Superdome. Retail and Office due to continued reductions in space by tenants and the addition of several large properties in the area. System is underway with the construction of a 424-bed Hospital facility in New Orleans. seen an increase in occupancy and rental rates, while single family inventory has fallen and pricing seems to be stabilizing or increasing depending on location. been perceived as an obstacle to growth, but is now the reason why so many young and entrepreneurial people are seeking this city to conduct business and raise a family. Louisiana exports increased 45% in 2011, which is the most of any state in the country, placing 7th among all states for export volume in the United States.

DEMOGRAPHICS
CBSA Rockland, ME

MARKET HIGHLIGHTS
• Super Wal-Mart, McDonald’s

and Nuria C-Store have all moved into the area.

Square Miles

3,153

Square Miles

366

• Vacancy is rising slightly due to

• Vacancy rates have increased in
Population 1,230,886

Wal-Mart moving out of their existing space into a much larger building. 150,000 SF Center.

Population

40,753

• New construction includes a • Units sold is increasing, and

Households Household Income Average Employees (Total)

469,474

• Expansion of the State Hospital

Households Household Income Average Employees (Total)

17,284

prices are stabilizing.

$83,382

$65,601

• The region has experienced

• The Multi-Family product has
458,428

higher tourist numbers.

15,971

• There has been substantial

increase in national media attention due to major events and activity.

Unemployment

6.4%

Unemployment

7.0%

• New Orleans’s culture has often

CONTACT
Coldwell Banker Commercial TEC Realtors 701 Loyola Ave., Suite 401 • New Orleans, LA 70150 (504) 566-1777 www.cbctec.com

CONTACT
Coldwell Banker Commercial SoundVest Properties 147 Park St. Rockland, ME 04841 (207) 596-7478 www.soundvest.com

OFFICE
Vacancy

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MI - Middle

MN - Mankato

DEMOGRAPHICS
CBSA Lansing-East Lansing, MI

MARKET HIGHLIGHTS
• General Motors has added a

DEMOGRAPHICS
CBSA MankatoNorth Mankato, MN

MARKET HIGHLIGHTS
• Efforts by community leaders

third shift with production of the new Cadillac, creating over 600 jobs. its budget under control, and has found a surplus for 2012.

are paying off as vacancy in the City Center is at the lowest rate in more than a decade. Verizon Civic Center will further enhance downtown vitality. to be focused on trucking and agriculture-related businesses. continue to be sluggish.

Square Miles

1,707

• The State of Michigan is getting

Square Miles

1,205

• A proposed expansion of the

Population

453,378

• New construction still lags

Population

93,650

Households Household Income Average Employees (Total)

184,334

behind, but the new Broad Art Museum is scheduled to open this fall. have made an upward turn with January sales 40% greater than in 2011. improved for the first time in five years.

• New construction continues

Households Household Income Average Employees (Total)

39,391

• Residential sales appear to
$67,460

• Sales of development land
$63,447

• Retail vacancy continues to be

165,594

• Consumer confidence has

49,122

lower than other Minnesota MSA’s, with very little change in absorption during the recession. space continues to be in demand as regional residents look to the community to provide services previously only offered in Rochester or the Twin Cities metro area.

• Medical Office and treatment
Unemployment 4.5%

Unemployment

6.9%

• Technology jobs are on the rise,

CONTACT
Coldwell Banker Commercial Hubbell Briarwood 1020 S. Creyts Rd. Lansing, MI 48917 (517) 321-5000 www.cbcworldwide.com

state government seems to be on solid footing, Michigan State University is continuing with the new Cyclotron, and employment is now below the national average in Mid Michigan.

CONTACT
Coldwell Banker Commercial Fisher Group 1400 Madison Ave., Suite 616 Mankato, MN 56001 (507) 625-4715 www.cbcfishergroup.com

OFFICE
Vacancy

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MN - Minneapolis / St. Paul Metro Area

MN - St. Cloud / Central

DEMOGRAPHICS
CBSA MinneapolisSt. PaulBloomington, MN-WI

MARKET HIGHLIGHTS
• Chart industries leases 141,000

DEMOGRAPHICS
CBSA St. Cloud, MN

MARKET HIGHLIGHTS
• Construction is underway for

SF for 100+ manufacturing jobs in Owatonna.

a Wal-Mart Super Center to be completed Fall 2012. and a decline in the local unemployment rate to 5.8%. completed in Winter 2011. area is at a 5 year low.

• Unemployment drops to 5.4%.
Square Miles 6,063

Square Miles

1,753

• Area has improved fundaments

• Target is adding 300,000 SF to

their Brooklyn Park campus. add 1,100 units in 2012. jobs.

Population

3,286,547

• Apartment market staged to • Private sector added 22,000

Population

189,957

• Recent Civic Center expansion • Existing home inventory in local • Market is heating up for quality

Households Household Income Average Employees (Total)

73,818

Households Household Income Average Employees (Total)

1,267,913

• 356,000 SF in 3 net leased
$89,359

buildings were acquired by Duke. expansions for over 1 million SF. 32’ high Industrial and Multi Family. medical user demand.

$66,444

• Shakopee lands 3 Industrial
1,695,892

91,676

investment offerings, also REO and distressed properties, and strategic buyers account for majority of transactions.

• Central MN market consists
Unemployment 5.8%

• Strong investor interest in 24Unemployment 5.4%

of 300,000+/- MSA. Major local employment sectors include Education, Medical and Manufacturing.

• Retail space is benefiting from

CONTACT
Coldwell Banker Commercial Griffin Companies 1221 Nicollet Ave. S., Suite 300 Minneapolis, MN 55403 (612) 338-2828 www.cbcgriffin.com

CONTACT
Coldwell Banker Commercial Orion Real Estate 630 1st St. S. Waite Park, MN 56387 (320) 251-1177 www.cbcorion.com

OFFICE
Vacancy

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OFFICE

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INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

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31

Vacancy

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Absorption

Absorption

Absorption

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MO - Springfield Area

MO - St. Joseph

DEMOGRAPHICS
CBSA Springfield, MO

MARKET HIGHLIGHTS
• Mercy Health started

DEMOGRAPHICS
CBSA St. Joseph, MO-KS

MARKET HIGHLIGHTS
• St Joseph is located just 35

Square Miles

3,010

Population

433,579

construction on a 199,000 SF, $105 million Orthopedic Hospital. Wal-Mart’s Neighborhood Market is building 6 new grocery stores. The Wonder of Wildlife Museum is continuing their $80 million expansion/renovation. Solutions just finished their 60,000 SF, $10 million headquarters office building. Hy-Vee Grocery store opened its first Springfield location a $17 million 86,000 SF store.

Square Miles

1,661

Population

127,090

• The Assembly of God Financial
Households Household Income Average Employees (Total) 180,772 Households Household Income Average Employees (Total) 51,821

minutes north of the Kansas City International Airport on the Missouri River. It has access to I-29, a major north-south Interstate Highway providing a corridor between Mexico and Canada and US Hwy 36, which is the major east-west route thru Northern Missouri. the Life Sciences Industry with over 30 of the major companies located here. is expanding and building a 100,000 SF Office building.

• This market is in the heart of

$56,651

$55,753

• Boehringer Ingelheim Vetmedica

• The local economy is diverse
174,753

and has weathered the turmoil with better numbers than the national economic indicators. dropped below 7% and ended the year at 6.7%. among American cities for job growth and named in a top five nationwide for economic strength. 9th in all metro area nationwide for job growth, a 4.4% increase over the last year with labor force numbers reaching over 223,500.

48,146

• The new Easttown Business Park
Unemployment 6.7%

Unemployment

6.7%

• Springfield unemployment rate

is complete and offering excellent Industrial building sites. A 60,000 SF shell building is planned to be built in 2012. which serves civilian and military needs, is located 3 miles west of the city . It boasts two fully ILSequipped runways and provides capacity for any size aircraft.

• Springfield ranked third

• Rosecrans Memorial Airport,

CONTACT
Coldwell Banker Commercial Vanguard Realtors 1334 E. Republic Rd. Springfield, MO 65804 (417) 887-5950 www.cbcvanguard.com

CONTACT

• Springfield metro area ranks

Coldwell Banker Commercial General Properties 2700 N. Belt Hwy. • St Joseph is served by the Union St. Joseph, MO 64506 (816) 364-2700 Pacific Railway and the Burlington www.cbcommercialgeneral.com Northern-Santa Fe Railway to

provide direct access to all parts of North America.

OFFICE
Vacancy

RETAIL
Vacancy

OFFICE
Vacancy

RETAIL

  

  

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
32
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

MT - Billings

NE - Lincoln

DEMOGRAPHICS
CBSA Billings, MT

MARKET HIGHLIGHTS
• Sanjel moved into Billings in

DEMOGRAPHICS
CBSA Lincoln, NE

MARKET HIGHLIGHTS
• Gallup Poll shows Lincoln, NE as

2012.

• Vacancy is falling due to the
Square Miles 4,683

#2 on the “List of 10 Happiest Cities.” permits were pulled for Retail improvements in the 2nd half of 2011.

strong demand created by jobs in Energy, Retail and Medical. 220,000 SF Scheels Sporting Goods Store scheduled to open in 2014. New Volkswagen dealership scheduled to open Spring of 2012. has led to a stable residential market and increased demand for Multi-Family units. industries are driving growth. commercial hub to the Bakken oil boom.

Square Miles

1,414

• Over $38 million in building

• Announcement of a new
Population 155,673

Population

299,958

• Pinnacle Bank Arena and the

Households Household Income Average Employees (Total)

63,905

Households Household Income Average Employees (Total)

126,751

expansion of Memorial Stadium have cranes busy in Lincoln. Cheddar’s, Vitamin Cottage, Pancheros, Topper’s Pizza, Cherry Berry and many more.

• Decrease in home construction
$68,486

• New businesses include: ULTA,
$68,288

69,806

• Energy and agricultural • Billings is the nearest

142,514

• The roadways near downtown

have been improved due to the Antelope Valley Project. on a 2nd location in South Lincoln.

Unemployment

4.8%

Unemployment

3.6%

• Sam’s Club has broken ground

CONTACT
Coldwell Banker Commercial The Brokers 1215 24th St. W. Suite 240 Billings, MT 59102 (406) 656-2001 www.cbcmontana.com

CONTACT
Coldwell Banker Commercial Thompson Realty Group 620 N. 48th St., Suite 101 Lincoln, NE 68504 (402) 421-7700 www.cbcthompson.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
33

Vacancy

  

Vacancy

N/A N/A N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

NJ - Morris County

NJ - Northern

DEMOGRAPHICS
CBSA NY-Northern NJ-Long Island

MARKET HIGHLIGHTS
• Leasing activity remains slow,

DEMOGRAPHICS
CBSA NY-Northern NJ-Long Island

MARKET HIGHLIGHTS
• Panasonic North America HQ is

but several large build-to-suits are in progress. to make leasing commitments, despite depressed lease rates. construction has increased. are achieving impressive sales prices due to demand and the availability of financing. shifting away from large corporate users toward smaller users as large corporations seek CBD locations. companies have operations in Morris County.

relocating to Newark.

Square Miles

6,726

• Corporations remain reluctant

• Multi-Family vacancy rates are

Square Miles

6,726

falling, and the demand for rentals is increasing. downtown Newark.

Population

19,124,092

• The pace of Multi-Family

• Marriott Hotel broke ground in
Population 19,124,092

• Stable Multi-Family properties
Households Household Income Average Employees (Total) 7,086,346

• Downward slope in Residential

property values has lessened. MXD Projects.

Households Household Income Average Employees (Total)

7,086,346

• Uptick in Urban Transit Villages/ • Garden State is becoming

$95,352

• In general, this market is

$95,352

7,711,074

7,711,074

more business-friendly (i.e. tax credits/EDA incentive programs).

Unemployment

• 50 of the Fortune 500
8.2%

Unemployment

8.2%

CONTACT
Coldwell Banker Commercial Feist & Feist Realty Corp. 1100 The American Rd. Morris Plains, NJ 07950 (973) 829-1900 www.feistandfeist.com

CONTACT
Coldwell Banker Commercial NRT - Livingston 2 E. Mount Pleasant Ave. Livingston, NJ 07039 (888) 829-0221 www.cbcnrtnewjersey.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
34

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

NM - Albuquerque Metro

NY - Albany (NY Capital Region)

DEMOGRAPHICS
CBSA Albuquerque, NM

MARKET HIGHLIGHTS
• Lowes announces new Customer

DEMOGRAPHICS
CBSA Albany SchenectadyTroy, NY

MARKET HIGHLIGHTS
• Friendly’s closed 11 Capital

Support Center in Albuquerque - 60,000 SF, providing up to 600 new jobs. to northwest Albuquerque. First Dick’s in the market. Albuquerque. First of several locations planned for the market. more locations in the ABQ / Rio Rancho market. Plans for additional stores in Rio Rancho and Santa Fe.

Region restaurants to help exit Chapter 11 bankruptcy protection.

Square Miles

9,288

• Dick’s Sporting Goods is coming

Square Miles

2,817

• SUNY Nanotech campus

Population

863,887

• Chipotle opens in northeast

Population

859,707

Households Household Income Average Employees (Total)

333,497

Households Household Income Average Employees (Total)

constructing a 500,000 SF NanoFab building for a coalition of companies including Global Foundries, IBM, Intel, Samsung and Taiwan Semiconductor Manufacturing Company. opening of its first store in the Albany market, taking over and renovating a former Office Max store. acquire a 460,000 SF facility in Cobleskill for new operations center. to dominate the real estate industry in the area with high demands and one of the lowest vacancy rates in the US at around 3%. Urban, Downtown Office space continues to be the weakest sector with blended vacancy rates climbing to 22.4%.

358,803

• Planet Fitness opens two
$65,279

• Trader Joes announces the
$73,105

313,234

351,131

• Multi-Family market has several
Unemployment 6.8%

• Butternut Beer Brewery to

new projects ready to break ground, including a 240 unit Apartment complex and a 225 unit Senior complex both on the west side of ABQ. is building a new elementary school, new high school and sports complex on west side, including a new 7,000 seat football stadium.

Unemployment

6.9%

• Multi-Family market continues

• Albuquerque Public Schools

CONTACT
Coldwell Banker Commercial Las Colinas 4801 Lang Ave. N.E., Suite 100 Albuquerque, NM 87109 (505) 897-7227 www.lcrealty.com

CONTACT
Coldwell Banker Commercial • Prime Properties 621 Columbia St. Cohoes (ALBANY), NY 12047 (518) 785-9000 www.coldwellbankeralbany.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
35

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

NY - New York

NV - Reno / Sparks MSA

DEMOGRAPHICS
CBSA NY-Northern NJ-Long Island

MARKET HIGHLIGHTS
• The New York City business

DEMOGRAPHICS
CBSA Reno-Sparks, NV

MARKET HIGHLIGHTS
• I-MAX Theaters and Lowes

Square Miles

6,726

district Office market ended the fourth quarter 2011 with the vacancy rate of 8.5 percent. Net absorption for overall New York City office market was a positive 1,000,478 SF. rental rate for available space, all classes, was $47.34 per rentable SF; this represented a 2% increase in quoted rental rates from the end of the third quarter. transactions for 2011 were Condé Nast publications for 1,046,260 SF; Nomura Securities International for 901,181 SF and Li & Fung for 482,399 SF. vacancy ended the fourth quarter at 1.9%, with net absorption at 125,302 SF. Retail rental rates have trended down over the past 10 quarters.

comes to Sparks Marina. space in Reno.

• Urban Outfitter completed new
Square Miles 6,606

• Industrial absorption is at the

Population

19,124,092

• The average quoted asking

highest level since 2006.

Population

420,676

• This market is experiencing

Households Household Income Average Employees (Total)

7,086,346

Households Household Income Average Employees (Total)

164,527

stabilization of base lease rates in Office and Industrial. complete.

• Alexandria Apartments is 70%
$79,751

$95,352

• A few of the top Office lease

• Apartment rates increased and

7,711,074

208,488

vacancy rates decreased for 9 straight quarters.

Unemployment

8.2%

• The New York City Retail

Unemployment

11.9%

CONTACT
Coldwell Banker Commercial Hunter Realty 1430 Broadway, 9th Floor New York, NY 10018 (212) 201-0260 www.cbchunterorg.com

CONTACT
Coldwell Banker Commercial Clay & Associates 5011 Meadowood Mall Way, Suite 201 Reno, NV 89502 (775) 829-5900 www.cbcreno.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

     

Vacancy

     

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY
N/A N/A  N/A 
Vacancy

INDUSTRIAL

MULTI-FAMILY

     
36

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

NC - New Hanover County

NC - Outer Banks

DEMOGRAPHICS
CBSA Wilmington, NC

MARKET HIGHLIGHTS
• Wells Fargo Advisors • Whole Foods begins

DEMOGRAPHICS
CBSA Kill Devil Hills, NC

MARKET HIGHLIGHTS
• The economy of the Outer

consolidated offices to Mayfaire. construction on first store in Wilmington area. construction and is 100% preleased. Sun Coast Partners’ Team Silivanch leads the market in Retail leasing.

Square Miles

1,924

Square Miles

384

• New 36,000 SF building begins
Population 357,853 Population 34,403

Banks area of North Carolina continues to be reliant upon the tourist community and associated demand: accommodations and food service, retail trade, and real estate sales and rentals. values showed a 24% increase from 2010. Notable new commercial projects in 2011 included a 158,000 SF Lowes and two new regional banks: First Bank and Towne Bank of Currituck. Outer Banks counties showed promising increases from 2010, even with the impact of Hurricane Earl just before Labor Day weekend. modest decline in 2011. Retail and food and beverage receipts were severely impacted by Hurricane Earl in August and September. continued to be flat, but steady. Buyers are taking advantage of the continued decline of median home prices, lower interest rates and the available inventory of resort and retirement homes.

• Dare County building permit

Households Household Income Average Employees (Total)

151,270

• Coldwell Banker Commercial

Households Household Income Average Employees (Total)

14,352

$65,863

• Retail rental rates have

$76,503

126,764

stabilized and have had a slow turn upward over the last six months. outside of the market.

• Occupancy receipts for the
15,324

• Investor interest is strong from
Unemployment 9.7% Unemployment 15.7%

• Retail receipts continued a

CONTACT
Coldwell Banker Commercial Sun Coast Partners, LLC 1430 Commonwealth Dr., Suite 102 Wilmington, NC 28403 (910) 350-1200 www.cbcsuncoast.com

CONTACT
Coldwell Banker Commercial Seaside Realty 4900 N. Croatan Hwy. Kitty Hawk, NC 27949 (252) 255-6596 www.cbcworldwide.com

• Sales of existing homes

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL
Vacancy

  

Vacancy

  

Vacancy

  

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY
N/A N/A N/A
Vacancy

  

Vacancy

  
37

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

NC - Research Triangle

NC - Winston-Salem

DEMOGRAPHICS
CBSA Raleigh-Cary, NC

MARKET HIGHLIGHTS
• Vacancy fell from 16.18% to

DEMOGRAPHICS
CBSA WinstonSalem, NC

MARKET HIGHLIGHTS
• Caterpillar is opening in 2012. • Class A Office remains strong.

15.64% across all property types.

Square Miles

2,116

• There is a trend for Office and

Flex users wanting to buy space rather than lease. expansions, there has been no new construction. the strongest submarket and Research Triangle Park has the highest vacancy. reporting increases in Class A Office rents. investment category with Class A Apartments trading at sub 5 cap rates.

Square Miles

1,462

Class B still suffers from a 22% vacancy rate. hospitals are scheduled for construction starting in 2012. has been moved up.

• Two new community based
Population 487,010

Population

1,143,659

• Other than 2 hospital

• Eastern Beltway Loop timeline
Households Household Income Average Employees (Total) 201,455

Households Household Income Average Employees (Total)

452,721

• Downtown Raleigh remains

• Major furniture manufacturers

are looking at Davie County.

$78,408

$65,788

• Winston-Salem Downtown

• There are a few submarkets
441,442

185,107

Research Park to open new building for research and startups this spring.

• Multi-Family is the strongest
Unemployment 8.0%

Unemployment

9.1%

CONTACT
Coldwell Banker Commercial TradeMark Properties 1001 Wade Ave., Suite 300 Raleigh, NC 27605 (919) 782-5552 www.cbctmp.com

CONTACT
Coldwell Banker Commercial Triad, Realtors 285 S. Stratford Rd., Suite 351 Winston-Salem, NC 27103 (336) 761-5934 www.cbctriad.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
38

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

ND - Fargo / Moorhead

OR - Portland

DEMOGRAPHICS
CBSA Fargo, NDMN

MARKET HIGHLIGHTS
• Western North Dakota’s oil

DEMOGRAPHICS
CBSA Portland VancouverBeaverton, OR-WA

MARKET HIGHLIGHTS
• Commercial vacancy within each

Square Miles

2,810

patch has boosted the Fargo/ Moorhead market, as well as the state of North Dakota’s economy. Valley has been strong and commodity prices remain high.

• Agriculture in the Red River
Population 202,280

Square Miles

6,684

sector decreased in the 4th Qtr 2011. Industrial vacancy lowered to 8% while Retail showed a slight improvement to 5.4%. Office remains in double digits at 10.4%. Square, which is now 94% occupied, delivered 250,000 SF including a 145,000 SF space for Fred Meyer. increased in 2011, averaging 8.2% compared to the same period in 2010 when they averaged 7.78%. underway at the end of 2011 include a fully pre-leased 135,000 SF FBI Building and a 98% preleased Meier & Frank Building consisting of 133,000 SF. from Marine Drive Center to a larger 275,000 SF facility at the I-5 Logistics Center in Wilsonville. Portland’s increasingly tight Multi-Family market has motivated developers to start building especially targeting areas closer to the city’s core with high demand and mass transit capabilities.

• In 2011, Wilsonville Old Town
Population 2,261,246

• Sanford Health unveiled plans
Households Household Income Average Employees (Total) 86,119

for a 300-bed, state-of-the-art, new hospital that will employ 2,700. continues to expand in the market due to the educated workforce. break ground in 2014, which shall spur development along I-29 in Fargo. the Multi-Family sector had a 4.3% vacancy rate, spurring investors to build more apartments.

Households Household Income Average Employees (Total)

878,239

• In the Office sector, Cap Rates
$73,445

$67,293

• Microsoft’s Fargo campus

105,993

• Two of the largest Office projects
952,611

• Costco announced plans to
Unemployment 3.7%

Unemployment

8.1%

• In the fourth quarter of 2011,

• Georgia-Pacific, LLC relocated

CONTACT
Coldwell Banker Commercial First Realty 2731 12th Ave. S. Fargo, ND 58103 (701) 237-3369 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial Mountain West Real Estate, LLC • 2545 SW Spring Street, Suite 200 Portland, OR 97219 (503) 227-2934 www.cbcre.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
39

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

OR - Salem

PA - Central

DEMOGRAPHICS
CBSA Salem, OR

MARKET HIGHLIGHTS
• Approximately 70 transactions

DEMOGRAPHICS
CBSA York-Hanover, PA

MARKET HIGHLIGHTS
• Home Goods moved into the

Square Miles

1,925

in the major commercial sectors occurred in 2011, totaling nearly $136 million in the Salem-Keizer market. with no large swings finishing the year with 6.8% in Office, 6% in Retail and 8.6% in Industrial/ Flex. in the area were Multi-Family complexes, with the exception of Capitol City Business Center that was purchased by Government Properties Income Trust. ranged from 19 months to over 24 months. approximately one percent from 7.4% in 4Q 2010 to 8.6% at the end of 4Q 2011.

Manchester Crossroads.

• Throughout the central
Square Miles 904

• Vacancy rates remained stable
Population 399,131

Population

430,707

Pennsylvania market, vacancy has begun to fall. The one exception would be the Harrisburg Office market, but it has been speculated that too should begin to see improvement in the second quarter of 2012. is less expensive to buy existing buildings rather than build. Changes are on the horizon as developers are looking for sites. A new shopping center in Lancaster was announced and more are on the way. to see activity. Prices are expected to stabilize in the second quarter throughout central Pennsylvania. all areas.

Households Household Income Average Employees (Total)

148,354

• The largest commercial sales

Households Household Income Average Employees (Total)

169,750

• As with the rest of the country, it

$61,094

$65,260

119,269

168,402

• Average marketing times
Unemployment 9.2%

• The residential market is beginning
Unemployment 7.1%

• Cap rates increased

• The area is ready for expansion in

CONTACT
Coldwell Banker Commercial Mountain West Real Estate, LLC 960 Liberty St. S.E., Suite 250 Salem, OR 97302 (503) 588-3508 www.cbcre.com

CONTACT
Coldwell Banker Commercial Bennett Williams 110 N. George St., 4th Floor York, PA 17401 (717) 843-5555 www.bennettwilliams.com

• Tourism is big business in central

Pennsylvania. Hershey has its amusement park. Dauphin County is the state capital. Both Lancaster and York were, at one time, capitols of the United States. Reading, (Berks County), is known as the outlet capitol of the world.

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
40

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

PA - Northeastern

PA - Southwestern

DEMOGRAPHICS
CBSA ScrantonWilkes-Barre, PA

MARKET HIGHLIGHTS
• The market has seen increased

DEMOGRAPHICS
CBSA Pittsburgh, PA

MARKET HIGHLIGHTS
• Marcellus Shale related

Square Miles

1,747

activity due to Marcellus Shale Industry (Wyoming, Susquehanna, Pike & Wayne counties).

companies are moving into the area. Warehouses, Flex-Space are being sold and/or leased to drilling companies. space in the area is higher than the national average, and the vacancy rate is lower than the national average.

Square Miles

5,280

• Industrial buildings,

• The Commonwealth Medical
Population 549,920

College (TCMC) is still in the initial stages of development in Scranton. around Mohegan Sun Casino. economy; median home prices falling slightly. Scranton is taking place.

Population

2,355,582

• The occupancy rate for Office

Households Household Income Average Employees (Total)

• There is increased activity
233,775

Households Household Income Average Employees (Total)

991,049

• Stable local real estate
$58,775

$69,762

• Revitalization of downtown
245,015

1,064,896

• Residential foreclosures have
Unemployment 8.5%

created a slight demand for more lease opportunities.

Unemployment

6.6%

• New movie theatre in

CONTACT
Coldwell Banker Commercial Town & Country 651 Northern Blvd. Clarks Summit, PA 18411 (570) 587-5500 www.cbcworldwide.com

downtown Wilkes-Barre has rejuvenated the area and the $25 million Intermodal Transportation Center will add 752 parking spots, making the businesses along Public Square more accessible to patrons.

CONTACT
Coldwell Banker Commercial NRT - Pittsburgh 9600 Perry Hwy., Suite 200 Pittsburgh, PA 15237 (412) 548-1064 www.cbcworldwide.com

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
41

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

SC - Charleston

SC - Columbia

DEMOGRAPHICS
CBSA CharlestonNorth Charleston, SC

MARKET HIGHLIGHTS
• TIG HITCO, an aviation supplier,

DEMOGRAPHICS
CBSA Columbia, SC

MARKET HIGHLIGHTS
• Amazon opened a 1,253,748 SF

took 150,000 SF.

• Pent up demand has caused the

distribution facility in 4Q 2011 that is 100% occupied.

Square Miles

2,591

absorption of vacant space and there has been no new major developments. Medical buildings.

Square Miles

3,701

• Aside from Amazon, there was

• There is new construction in
Population 665,272

Population

751,082

very little new construction delivered in 2011. Retail led the way with a 4th quarter total of 389,889 SF. builders in 2008 are out of business.

• In the residential market, sales
Households Household Income Average Employees (Total) 262,007

• 8 out of 10 (80%) residential
Households Household Income Average Employees (Total) 300,796

are stabilizing and there is new growth in homes under $300,000.

• Columbia is home to Ft. Jackson,
$67,472

$72,395

• There is an increase in overall

demand with good financing terms helping sales.

the University of South Carolina and the State Capital.

287,817

253,170

• Boeing settled NLRB labor

Unemployment

7.9%

dispute and will deliver it’s first Charleston 787 in the Spring to Air India.

Unemployment

8.0%

CONTACT
Coldwell Banker Commercial Atlantic International, Inc. 3506 W. Montague Ave., Suite 200 North Charleston, SC 29418 (843) 744-9877 www.cbcatlantic.com

CONTACT
Coldwell Banker Commercial United, Realtors 1711 Gervais St., Suite 300 Columbia, SC 29201 (803) 799-4663 www.cbccarolinas.com

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Absorption

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Rental Rates

Rental Rates

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SC - Greenville / Spartanburg

SC - Myrtle Beach

DEMOGRAPHICS
CBSA GreenvilleMauldin Easley, SC

MARKET HIGHLIGHTS
• Amazon announced a $50 million

DEMOGRAPHICS
CBSA Myrtle BeachConwayNorth Myrtle Beach, SC

MARKET HIGHLIGHTS
• New Target superstore with

investment for a 1 million SF fulfillment center, creating up to 800 new jobs.

PetSmart at Rt 17 and Rt 554. down in the economy and high unemployment. built in the market.

• This area is experiencing a slow

Square Miles

2,002

• 175,000 SF Class A Office

Population

644,419

Households Household Income Average Employees (Total)

263,044

development on Greenville’s Main St. will include: Haynsworth Law firm and the headquarters for newcomer Certus Bank. Additional downtown construction includes 90,000 SF Mixed-Use development. initiatives abound in support of demand for trained workers. Greenville is now home to Clemson MBA Program in addition to Clemson University International Center for Automotive Research, (CU;ICAR), Greenville Tech., ITT, and ECPI. Recent announcements also from USC and MUSC. South Financial and announced regional operational center with accompanying job growth. BMW will have another expansion with BMW supplier ZF announcing a 950,000 SF manufacturing facility. and suburban projects are scheduled, totaling 1,200 units.

Square Miles

1,134

• Ross and hhgregg have recently
Population 266,384

• The market is seeing continued

Households Household Income Average Employees (Total)

decline in values and working through foreclosed inventory.

110,858

• Educational and Research
$64,851

• There is little new construction
$54,792

in Residential and Multi-Family. hires new football coach which may lead to growth in student enrollment. remain strong and steady.

• Coastal Carolina University

288,021

112,291

Unemployment

• Retail sales and Resort tourism
Unemployment 11.6%

8.2%

• TD Bank completed acquisition of

CONTACT

CONTACT
Coldwell Banker Commercial Chicora 10225 N. Kings Hwy. Myrtle Beach, SC 29572 (843) 272-8700 www.cbcommercialchicora.com

Coldwell Banker Commercial Caine 117 Williams Street Greenville, SC 29601 (864) 250-2800 • Seven new Apartment downtown www.cbccaine.com

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Absorption

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Rental Rates

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SC - Sumter

TN - Chattanooga / North GA

DEMOGRAPHICS
CBSA Sumter, SC

MARKET HIGHLIGHTS
• Continental Tire announces

DEMOGRAPHICS
CBSA Chattanooga, TN-GA

MARKET HIGHLIGHTS
• Wacker Chemie AG began

Square Miles

665

$500M tire manufacturing facility in Sumter, the largest Industrial investment ever made in the county. 10-year economic impact is projected to be $1.82 Billion and nearly 6,000 new jobs. relocation from Fort McPherson in Atlanta to Shaw Air Force Base in Sumter is nearly complete as troops occupied the new $100M facility late last year. 1,400 new military personnel and their families will be a huge boost to the Sumter market this year. Qtr 2012. The Hong Kong based candy company’s $6M investment is their first North American facility and will generate 120 new jobs over the next 5 years. to be underserved and ripe for development. Vacancy rates remain low and several MultiFamily properties have waiting lists.

Square Miles

2,089

construction on a fully integrated polysilicon production site which will create 650 permanent jobs and invest $1.5 billion. centers, creating over 1,300 new jobs and $135 million in investment to the area. With 3 facilities in Tennessee, Amazon has created 3,300 jobs and more than $270 million in investment in the state.

Population

104,624

• Third Army Headquarters

• Amazon opened two fulfillment
Population 526,490

Households Household Income Average Employees (Total)

39,583

Households Household Income Average Employees (Total)

211,265

$57,912

$62,455

• Whirlpool replaced an existing

• Au’some Candy opens plant in 1st
33,348

208,265

100-year old manufacturing plant with a new LEED-certified facility. The new facility will add 130 new jobs at an investment of $120 million. booming in the area.

Unemployment

10.3%

Unemployment

7.3%

• Residential rental market is • Volkswagen continues to

• Multi-Family sector continues

CONTACT

CONTACT
Coldwell Banker Commercial Hamilton & Associates 2650 Peerless Rd. N.W. Cleveland, TN 37312 (423) 476-5535 www.hamiltoncommercial.com

expand their workforce by adding 300 new jobs this year.

Coldwell Banker Commercial Cornerstone • Overall sales and leasing activity 38 N. Main St. Sumter, SC 29150 is up in the first quarter after a (803) 778-1139 slow 2011. Steady improvement www.cbccornerstone.com is expected throughout 2012

based on Industrial and military job creation.

OFFICE
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TN - Knoxville / East Tennessee

TX - Austin

DEMOGRAPHICS
CBSA Knoxville, TN

MARKET HIGHLIGHTS
• Costco has purchased 21 acres

DEMOGRAPHICS
CBSA Austin-Round Rock, TX

MARKET HIGHLIGHTS
• A pair of buyers acquired

in West Knoxville (Farragut) for $5,500,000. stabilized in all sectors as the economy starts to improve. has been announced on a site next to the campus of the University of Tennessee.

Square Miles

1,857

• Vacancy rates seem to have

Square Miles

4,224

three buildings, totaling approximately 508,112 SF, in two separate transactions for approximately $95 million. community, located just one block from the University of Texas, was acquired in December 2011 for $86.2 million.

• A 1,026-bed student housing
Population 1,730,983

Population

702,994

• A Publix/Wal-Mart development

Households Household Income Average Employees (Total)

297,456

Households Household Income Average Employees (Total)

665,762

• The residential market is still
$64,861

declining but seems to be stabilizing. Number of units sold and volume is down, but not as sharply as a year ago. to be the strongest segment with at least 5 developments already underway or recently announced. in Forbes’ 2011 “Best Cities for Jobs.”

• The Industrial market is
$74,027

increasing its footing in stable territory. Absorption improved significantly with 465,975 SF in the fourth quarter 2011. quarters in a row of positive net absorption for Austin’s Office leasing market, ending the fourth quarter with 275,900 SF of positive net absorption. 2012 leads to expectations of plunging Apartment vacancies and rising rental rates. planned for downtown Austin. The 23-story, 320-unit complex will include “significant” Retail space.

307,125

• Retail development seems

622,577

• Fourth quarter 2011 marked ten

Unemployment

6.4%

Unemployment

6.3%

• Knoxville has been ranked 9th

• Forecasted job growth in

CONTACT
Coldwell Banker Commercial Wallace & Wallace, Realtors 124 N. Winston Rd. Knoxville, TN 37919 (865) 690-1111 www.cbcww.com

CONTACT
Coldwell Banker Commercial United, Realtors 2121 Sage Rd., Suite 150 Houston, TX 77056 (713) 840-5000 www.cbcunitedrealtors.com

• Another residential tower is

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TX - Bryan / College Station

TX - Central

DEMOGRAPHICS
CBSA HoustonSugar LandBaytown, TX

MARKET HIGHLIGHTS
• Multi-Family remains strong

DEMOGRAPHICS
CBSA San Antonio, TX

MARKET HIGHLIGHTS
• Domestic immigration

Square Miles

8,928

with recent projects including Campus View, a 1,600-bed project; Cottage Homes, an Aspen Heights Project; and an addition to the Calloway Villas. very strong in the BryanCollege Station market. Four Seasons purchased the former Holiday Inn; the Former Plaza Hotel has been purchased and planned Mixed-Use development, including student housing and Retail, is expected; and the former Aggieland Inn is under contract. strong along the Greensprairie Corridor.

Square Miles

7,340

continues to increase, and legal immigration from Mexico remains robust. Texas and San Antonio continue to lead the nation in new job creation. absorption of existing space in all disciplines. projects, due to lack of available credit. stable with a 3% annual rise in new home sales. Home prices remain stable to slightly increasing, and new home inventory is well managed and remains at about a 6 month inventory. more robust, while acquisitions remain slow. in the San Antonio area. Benefits range from Military retirees locating here as well as new projects nearing completion, such as the National Security Agency. A recent Oil & Gas development in adjacent counties has brought Oilfield Companies such as Halliburton.

• Hotel redevelopment is also
Population 5,937,339

• The market is seeing continue
Population 2,093,608

Households Household Income Average Employees (Total)

2,084,052

Households Household Income Average Employees (Total)

749,986

• Very limited new construction

$87,941

$69,352

• Residential market remains

2,246,860

• New Retail development is

730,244

Unemployment

5.5%

• Scott & White Hospital, a

Unemployment

6.8%

100-bed facility, is under construction and planned for 2013 opening.

• Leasing activity has become

CONTACT
Coldwell Banker Commercial United, Realtors 2121 Sage Rd., Suite 150 Houston, TX 77056 (713) 840-5000 www.cbcunitedrealtors.com

CONTACT

• Federal spending remains active

Coldwell Banker Commercial Alamo City 18756 Stone Oak Pkwy, Suite 202 San Antonio, TX 78258 (210) 483-6250 www.cbcalamo.com

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Vacancy

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Absorption

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TX - East

TX - Houston

DEMOGRAPHICS
CBSA Longview, TX

MARKET HIGHLIGHTS
• Weatherford combined 5 of

DEMOGRAPHICS
CBSA HoustonSugar LandBaytown, TX

MARKET HIGHLIGHTS
• Houston is the first major

their operations under 1 roof. in the market due to oil/gas activity in the region. still positive.

• There has been steady interest
Square Miles 1,785 Square Miles

8,928

metropolitan region to regain all the jobs it lost in the recession, adding about 76,000 jobs last year, according to the Texas Workforce Commission. lease for 804,491 SF in One Shell Plaza and 471,934 SF in Two Shell Plaza, a combined 1.22 million SF of Office space, the largest Office lease transaction in the world in 2011. attractive to investors: Mosaic Residential Inc. purchased the 274-unit Westborough Crossing Multi-Family complex in Katy for $12.9 million. ranked Houston #1 in the world in terms of cost of living advantage and purchasing power. upward movement, reaching $95-$100/barrel. the Year” by Fast Company because of small business and entrepreneurial attraction.

• Office/Warehouse demand is
Population 208,154 Population 5,937,339

• Shell has renewed a 15-year

• Residential activity increased
Households Household Income Average Employees (Total) 81,170

over prior year.

• Absorption of existing Office/

Households Household Income Average Employees (Total)

2,084,052

Retail is improving.

$65,286

• This area has relatively low

$87,941

• Multi-Family continues to be

79,368

unemployment compared to many other areas.

2,246,860

Unemployment

5.9%

Unemployment

5.5%

• A study released by PWC

CONTACT
Coldwell Banker Commercial Lenhart Properties 304 E. Loop 281, Suite C Longview, TX 75605 (903) 297-1444 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial United, Realtors 2121 Sage Rd., Suite 150 Houston, TX 77056 (713) 840-5000 www.cbcunitedrealtors.com

• Oil prices continued their

• Houston named “City of

OFFICE
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TX - Lubbock

TX - Victoria County

DEMOGRAPHICS
CBSA Lubbock, TX

MARKET HIGHLIGHTS
• The Lubbock Economic Index

DEMOGRAPHICS
CBSA Victoria, TX

MARKET HIGHLIGHTS
• Burk’s Outlet, Shoe Dept.,

Square Miles

1,799

finished the year on an upward trend, increasing for each of the last three months, and five of the last seven months. solid in the 4th quarter of 2011, with inflation-adjusted taxable Retail spending per Lubbock sales tax receipts in the 4th quarter up 6.5% compared to the fourth quarter 2010. sector that lost jobs in 2011; even the government sector grew by nearly 2% year-overyear. unemployment for the South Plains was 5.5 percent, with the Lubbock unemployment rate at 5.3 percent. with a $4.1 million sales tax distribution payment. That figure is 6.2 percent higher than the $3.8 million the city received in January 2010. $70 million, 150,000 SF Jerry Rawls College of Business building for the Spring semester.

Encore and Pier One Imports open for business. draw people to the area.

Square Miles

2,248

• Eagle Ford Shale and Caterpillar • 244-unit market rent Apartment

• Real spending in Lubbock was
Population 279,239

Population

115,980

complex was constructed.

• There is less than six months in
Households Household Income Average Employees (Total) 41,805

Households Household Income Average Employees (Total)

111,087

housing inventory in the market. while inventory decreases and new home construction is lagging behind demand..

• Housing demand increases
$66,662

• There was no employment
$57,245

101,281

41,963

• The December 2011
Unemployment 5.3%

Unemployment

5.8%

• Lubbock will start off 2012

CONTACT
Coldwell Banker Commercial Rick Canup, Realtors 4924 S. Loop 289 Lubbock, TX 79414 (806) 793-0888 www.cbclubbock.com

CONTACT
Coldwell Banker Commercial The Ron Brown Company 2505 N. Navarro St. Victoria, TX 77901 (361) 573-6191 www.cbcworldwide.com

• Texas Tech has completed the

OFFICE
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UT - Salt Lake City

VA - Lynchburg

DEMOGRAPHICS
CBSA Salt Lake City, UT

MARKET HIGHLIGHTS
• Adobe, Goldman Sachs, EMC,

DEMOGRAPHICS
CBSA Lynchburg, VA

MARKET HIGHLIGHTS
• Lynchburg continues to hold on

Microsoft, eBay, Crate & Barrel, North Face and Marshall’s have entered the market. corporate tax rates in the country.

to larger tenants due mostly in part to the steady economy in this area.

Square Miles

9,539

• Utah has one of the lowest

Square Miles

2,124

• Vacancy rates are continuing to

Population

1,140,107

• City Creek, the impressive

Population

248,585

slowly fall due to several smaller tenants branching out to the Central VA area. creeping up and new additions/ alterations are remaining steady. advantage of the various tax credits, and therefore many adaptive, re-use projects are taking place in the downtown market. Multi-Family developments more now than in the past when CRE was the main focus. attractive to outside developers/ investors mostly due in part to the various incentives the city offers to revamp the downtown market.

Households Household Income Average Employees (Total)

376,706

downtown Salt Lake City redevelopment project with the LDS Church and Taubman Company is scheduled to open March 2012. Forbes Magazine has listed Utah as “the Best State in the Country for Business and Careers.” environment, a significant number of building projects launched in Utah’s Office market. Speculative development is back.

• New construction is slowly
Households Household Income Average Employees (Total) 100,680

• Developers are taking
$58,652

$82,120

• For the second year straight,

567,447

96,796

• In spite of a difficult lending
Unemployment 5.4% Unemployment 6.5%

• Investors are starting to favor

• This area is becoming more

CONTACT
Coldwell Banker Commercial NRT - Salt Lake City 6550 S. Millrock Dr., Suite 200 Salt Lake City, UT 84121 (801) 947-8300 www.coldwellutah.com

• Vacancy rates overall are

decreasing. Net absorption is up and lease rates remain the same but are a lagging market indicator.

CONTACT
Coldwell Banker Commercial Read & Co. 2508 Langhorne Rd. Lynchburg, VA 24501 (434) 455-2285 www.cbcread.com

OFFICE
Vacancy

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WA - Clark County

WA - King County

DEMOGRAPHICS
CBSA Portland VancouverBeaverton, OR-WA

MARKET HIGHLIGHTS
• The Columbia River Crossing - the

DEMOGRAPHICS
CBSA Seattle Tacoma Bellevue, WA

MARKET HIGHLIGHTS
• Overall sales and leasing of

Square Miles

6,684

Population

2,261,246

new I-5 Bridge (which is in the final planning stage) - will connect Vancouver, WA with neighboring Portland, OR. It is anticipated that the new bridge will boost the regional economy and directly benefit the Clark County business community through improved freight mobility. University Vancouver will open the new Engineering and Computer Science Center – a $43.5 million, 56,000 SF building. sector in the investment market. Cap rates remain strong in favor of sellers in the 6+% range. Low interest loans in the 4+% range are spurring sales. Commercial Land on major arterials is selling at 70% of its 2008 peak value, with residential Land selling at 50% of its 2008 peak value.

Office and Industrial properties are picking up. very strong. Rental rates are predicted to increase for the next 3-5 years.

Square Miles

5,894

• The Multi-Family sector is still

Population

3,433,786

• Residential prices fell in 2011,

• In Spring 2012, Washington State
Households Household Income Average Employees (Total) 878,239

and sales continue to improve. experiencing a once in a lifetime market. Companies are building or moving into larger facilities. the Puget Sound to the West and the Cascade Mountains to the East. People can do many different activities such as fishing, skiing, bicycling within an hour of where they live. King County is one of the best places to live and work in the U.S.

Households Household Income Average Employees (Total)

1,373,207

• Boeing and other companies are

$86,419

$73,445

• Apartments continue to be a hot

• King County is bordered by
1,502,591

952,611

Unemployment

7.2%

Unemployment

9.2%

• It’s a buyer’s market for Land.

CONTACT

CONTACT
Coldwell Banker Commercial Danforth & Associates 33313 First Way S. Federal Way, WA 98003 (253) 874-3200 www.cbcdanforth.com

Coldwell Banker Commercial Jenkins-Bernhardt Associates • The Columbia River Economic Development Council recently 1500 D St. Vancouver, WA 98663 released a 20 year plan call for (360) 699-4494 establishing Clark County as a www.cbcworldwidenw.com regional center of growth and

innovation in the information technology sector.

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Absorption

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WA - South Puget Sound

WA - Tacoma

DEMOGRAPHICS
CBSA Olympia, WA

MARKET HIGHLIGHTS
• In Retail, WinCo Foods and Trader

DEMOGRAPHICS
CBSA Seattle Tacoma Bellevue, WA

MARKET HIGHLIGHTS
• New Warehouse distribution

Square Miles

727

Joe’s have experienced good success moving into the market. REI launch proved very successful, as well. The Office sector is still undergoing a correction as the state of Washington consolidates operations. significantly as the rental market continues to improve as a result of foreclosures and short sales, which account for 31% of the residential sales in this market. to climb as contraction in the construction markets continues. been foreclosed by creditors and are being marketed now. The Gateway project in Lacey, anchored by retailer Cabela’s, is a 200+ acre Mixed-Use development that is receiving strong interest from developers. Prices on land, however, continue to soften. The Residential markets are beginning to pick up. After reaching a bottom last winter, sales picked up steam as the year went on. Around the Sound, 2011 sales were up more than 7% over 2010.

centers include Amazon and Brooks of 500k SF each.

Square Miles

5,894

• Russell Company purchased the

Population

253,654

• Multi-Family stats are up
Households Household Income Average Employees (Total) 100,414

Population

3,433,786

Households Household Income Average Employees (Total)

WAMU building in downtown Seattle, pulling the largest private employer out of Tacoma. This is creating opportunities for new tenants to occupy Class A space in Tacoma that was previously unavailable. Group Health are all building aggressively to meet changing needs in healthcare. Union Seattle has over 1M SF of preleased Office. boxes currently is a focus, with build-to-suits almost exclusively relying on sit-down food and bank pads. on its books, so aerospace manufacturing/supply is in the rise.

1,373,207

• Multicare, Franciscans and
$86,419

$74,489

• Industrial vacancies continue

68,733

• Vulcan project in South Lake
1,502,591

• Some notable properties have
Unemployment 7.9%

Unemployment

• In Retail, re-tenanting big
9.1%

CONTACT
Coldwell Banker Commercial • Evergreen Olympic Realty, Inc. 3333 Capitol Blvd. S. Olympia, WA 98501 (360) 352-7651 www.cbcworldwide.com

CONTACT
Coldwell Banker Commercial Offenbecher 101 S. Meridian Puyallup, WA 98371 (253) 840-5574 www.offenbecher.com

• Boeing has over 7 years backlog

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
51

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

WI - Madison

-

INTERNATIONAL MARKETS
DEMOGRAPHICS
CBSA

DEMOGRAPHICS
CBSA Madison, WI

MARKET HIGHLIGHTS
• Madison is Wisconsin’s state

MARKET HIGHLIGHTS
• •

capitol.

• Amazon.com leased 205,000
Square Miles 2,738

SF as the largest Office lease in 2011. overall in the Madison area primarily because of bio-tech industry growth. of highly skilled labor for manufacturing companies.

Square Miles

• Office vacancy is decreasing
Population 574,245

Population

Households Household Income Average Employees (Total)

242,725

• The area has an abundance

Households Household Income Average Employees (Total)

$79,455

• There is large scale construction

281,044

at the University of Wisconsin, plus bio-tech companies in Madison and suburbs.

• Residential market remains
Unemployment 4.7%

fairly solid, with low rental vacancy rates and median sales prices slowly increasing. excellent school systems.

Unemployment

• Madison area is supported with

CONTACT
Coldwell Banker Commercial Success 7609 Elmwood Ave., Suite 102 Middleton, WI 53562 (608) 662-1110 www.cbcsuccess.com

• There are also many housing

CONTACT
,

options for company executives.

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
52

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

Bermuda

Canada - Ontario (Eastern)

DEMOGRAPHICS
CBSA Bermuda

MARKET HIGHLIGHTS
• 141 Front Street, a showcase

DEMOGRAPHICS
CBSA Belleville, Brighton, Quinte West 372.14 m2

MARKET HIGHLIGHTS
• Kellogg’s leased 400,000 SF. • Industrial vacancy rates remain

Square Miles

21

building in the City of Hamilton, completed in September 2010, has been a huge success with 75% occupancy. space has increased due to high level of new space on the market at affordable prices. SF of premier waterfront property in Hamilton, is on track with completion expected in 2013; 40% is already preleased. records) is incomplete, but it is expected that 2011 sales totals will be similar to 2010 with average price of property lower. to purchase in this market but with longer transaction times. foreigners often look to purchase in Bermuda. It is expected that government will soon relax purchasing requirements for foreigners.

Square Miles

• Vacancy level in secondary
Population 64,237

relatively low based on little or no new construction in the last 3-5 years. area.

• Little new construction in the
Population 103,468

Households Household Income Average Employees (Total)

34,110

• Waterloo House, approx 20,000

• The Residential sector is stable.
Households Household Income Average Employees (Total) 45,214

• Vacant Land is starting to sell,

based on the possibility of new construction. markets and central to Ontario with a stable and affordable housing market.

$67,183 USD

$52,803 USD

• This region is close to the US

• Residential data for 2011 (gov’t
39,457

48,760

Unemployment

6.0%

• Slowly, more people are looking

Unemployment

6.33%

• As an island destination,

CONTACT
Coldwell Banker Commercial Bermuda Realty 11 Par la Ville Rd. Hamilton, Bermuda HM HX (441) 292-1793 www.bermudacommercial.com

CONTACT
Coldwell Banker Commercial Ekort Realty 100 Bell Blvd., Suite 200 Belleville, ON K8P 4Y7 (613) 969-9901

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
53
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

Canada - Greater Toronto Area

Canada - Waterloo Region

DEMOGRAPHICS
CBSA Toronto, CA

MARKET HIGHLIGHTS
• Industrial vacancy continues

DEMOGRAPHICS
CBSA Kitchener, ON (Waterloo Region)

MARKET HIGHLIGHTS
• Business changes at Research

decline to approximately 7% with inventory of 800,000,000 SF. been built in recent years. reasonably well.

Square Miles

2,279

• Little new Industrial product has • Office market is doing

Square Miles

528

Population

5,583,064

Population

543,700

in Motion affect the local Office market, but substantial growth at Google, Desire to Learn and many other technology companies help offset the impacts. 300 new tech companies founded in 2011 and 450 startup jobs created. approved a new Light Rail Transit system, with an estimated cost of $818 million dollars. $103 million dollar business school at Wilfrid Laurier University, a new $74.3 million dollar campus for Conestoga College and three new buildings at the University of Waterloo totaling $88.3 million. of the Perimeter Institute for Theoretical Physics and the new Balsillie School of International Affairs have opened. Toyota built 458,000 vehicles at its two local plants. New Retailers such as Lowe’s, Wal-Mart and Empire Theatres open at The Boardwalk, a new 1,000,000 SF Office and Retail complex.

• Waterloo Region Council
Households Household Income Average Employees (Total) 194,890

Households Household Income Average Employees (Total)

1,800,000

$63,500 USD

$65,522 USD

• Construction includes: a new

2,919,410

282,300

Unemployment

7.2%

Unemployment

6.4%

• The Stephen Hawking Wing

CONTACT
Coldwell Banker Commercial Integrity Real Estate, Brokerage 1384A Cornwall Rd. Oakville, ON L6J 7W5 (905) 338-8877 www.cbci.ca

CONTACT
Coldwell Banker Commercial • Peter Benninger Realty, Brokerage 508 Riverbend Dr. Kitchener, ON N2K 3S2 • (519) 743-5211 www.coldwellbankercommercial.ca

OFFICE
Vacancy

RETAIL

OFFICE
N/A N/A N/A
Vacancy

RETAIL
Vacancy

  

Vacancy

  

N/A N/A N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
54
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy


N/A

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

Czech Republic

France

DEMOGRAPHICS
CBSA Czech Republic

MARKET HIGHLIGHTS
• Siemens, Holesovice is a major

DEMOGRAPHICS
CBSA France

MARKET HIGHLIGHTS
• One very important and

Office development in the region. reducing foreign direct investment.

Square Miles

30,450

• European financial situation

Square Miles

260,558

re-occurring trend is the preference for town-centre sites, but retailers will have to deal with the supply shortage and the high level of rents. will continue to have a hard time budgeting, the financial situation of retailers will be under pressure. This will make retailers cautious and very selective when choosing sites, leading to long and complex real estate negotiations. in France continued to climb, going up by 6.5%. The price increase in 2010 was essentially linked to the decrease in lending rates and the low level of supply while demand remained high. According to developers, construction costs are expected to increase. large share of investors were hit by changes in the tax regime and the elimination of certain incentives. Many investors sold their Apartments because of this new law. Prices continue to rise in Paris; and in regional markets, prices have tended to stabilize.

Population

10,500,000

• Retail Centre Krakov, consisting

• Seeing that the population
Population 63,100

of 29,000 m2, was recently constructed. stagnant in 2011.

Households Household Income Average Employees (Total)

2,500,000

• Residential market has been • Some exposure to European

Households Household Income Average Employees (Total)

23,008,000

$32,000 USD

N/A

financial crisis but domestic companies are competitive and have good market share. gives good access to high value markets such as Germany, Austria and the Czech Republic.

€56,064

• The average price of new flats
26,053

• This location in Central Europe
Unemployment 6.5%

Unemployment

9.3%

CONTACT
Coldwell Banker Commercial Top Czech Partners Commercial s.r.o. Podebradska 88/55 Prague, Czech Republic 190 00 +420 222 329 004 www.cbcommercial.cz

CONTACT
Coldwell Banker Commercial France & Monaco 8 rue Lamennais Paris, N/A 75008 +33 1 83535353

• Market for new housing: the

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
55

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

Greece

Ireland

DEMOGRAPHICS
CBSA Greece

MARKET HIGHLIGHTS
• Greek market is open to

DEMOGRAPHICS
CBSA Ireland

MARKET HIGHLIGHTS
• Twitter set up its European

Square Miles

50,949

investments and legislation is being simplified in order to favor investors and big construction projects. economic activity is shrinking and enterprises, as well as households, reduce their activities or move to smaller size spaces.

headquarters in Dublin.

• Vacancy rates are rising as
Square Miles 27,027

• Vacancy is rising as the general
Population 10,787,690 Population 4,400,000

Nama is releasing more and more property on the market. significant construction in this market. transactions are increasing very modestly. but commercial market expected to improve this year from overseas investment. biggest property slump of any OECD country ever recorded.

• There hasn’t been any

Households Household Income Average Employees (Total)

3,664,392

Households Household Income Average Employees (Total)

1,900,000

• Prices continue to fall, but

• New construction is limited
€20,751

due to new taxation on land property. Private construction activity in 2011 decreased by 36.9% (10 months). standstill in anticipation of new economic development policies.

€35,000

• Market is still quite stagnant,

3,901,269

• The residential market is at a

2,100,000

• The area is experiencing the
Unemployment 14.0%

Unemployment

20.9%

• Economic prospects are

improving with recent efforts for market stabilization. and residential development. As prices are becoming lower, new opportunities emerge for long term investments. It’s a buyer’s market.

• Excellent location for tourist

CONTACT
Coldwell Banker Commercial Greece 8 Omirou street & Panepistimiou Ave. Athens, Greece 10564 +30 32 28228

CONTACT
Coldwell Banker Commercial Property Consultants 2 Upper Fitzwilliam St. Dublin, Co Dublin Dublin 2 +353 1 4110012 www.coldwellbankercommercial.ie

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
56

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

Mexico - Mexico City

Perú - Lima

DEMOGRAPHICS
CBSA Mexico City, MX

MARKET HIGHLIGHTS
• The Office market increased by

DEMOGRAPHICS
CBSA Lima, Peru

MARKET HIGHLIGHTS
• This market is seeing some new

Square Miles

80

10% compared with the 2010 year end; absorption decreased by 25% while the average rent price remained the same. transactions in the Office market: Ericsson Telecom (184,000 SF) and Siemens (176,000 SF).

construction for residential and commercial.

Square Miles

27

• The interest rate is falling. • The market is experiencing

• Some of the most significant
Population 23,000,000 Population 30,165,000

growth and evolution of cities. are in progress (new hotels) as well as new construction of Malls.

• New infrastructure for tourism

Households Household Income Average Employees (Total)

N/A

• The total SF of Office buildings

Households Household Income Average Employees (Total)

6,033,000

$31,000 MXN

built in 2011 was 4.1 million SF and it is expected that over 3.1 million SF will be built during 2012. Bonafont leased a 333,000 SF facility near Mexico City. the Retail prices remained stable and the demand for commercial spaces grew. latest financial international crisis, along with the conceptual evolution in shopping centers, reposition Mexico beside Brazil and Colombia in the arena of expanding potential Retail markets in Latin America.

• There are several projects in
$800 USD

place involving the government to develop housing.

8,400,000

• In the Industrial market,

15,900,000

Unemployment

4.8%

• During the last quarter of 2011,

Unemployment

9.0%

• Consumer recovery after the

CONTACT
Coldwell Banker Commercial Mexico Montes Urales No. 415 1 Lomas de Chapultpepec Mexico City, Mexico 11000 +52 55 41621000

CONTACT
Coldwell Banker Commercial Perú Av. Javier Prado 3361 San Borja Lima Lima, Perú L41 +51 13 462900

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL
N/A N/A N/A
57
Vacancy

MULTI-FAMILY

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

Puerto Rico

Spain

DEMOGRAPHICS
CBSA Puerto Rico

MARKET HIGHLIGHTS
• Unemployment rate dropped

DEMOGRAPHICS
CBSA Spain

MARKET HIGHLIGHTS
• Public administration must

by 3% with positive job growth. with small business owners projected to absorb some vacant commercial lease units. purchased the old Roosevelt Roads Naval Base on the east side of the island. The government invested $2.5 Billion in the 8.654 acres to promote and sell Land for commercial and residential projects. Energy Affairs Administration of Puerto Rico invested over $3 Million in assisting local and US mainland investors in purchasing Land to develop solar and wind farm projects. Act 113 of 2011, the law to promote and develop the cruise ship industry. 1.2 million tourist visited Puerto Rico in 2011. Act 3657, a Tax Incentive Law for individuals who buy commercial properties that produce trade, employment and goods in Puerto Rico.

• Puerto Rico SBA loans up 36%
Square Miles 3,400

pay their debts within the established guidelines of 60 days, not 400. each business sector is able to negotiate labor contracts on a sector and local basis and is incented to hire employees full time without excessive burdens of severance pay for each year worked. in Spain.

Square Miles

194,897

• Labor reform is a priority, so

Population

3,725,789

• Puerto Rico government

Population

41,000,000

Households Household Income Average Employees (Total)

1,181,112

Households Household Income Average Employees (Total)

14,200,000

• The unemployment rate is 21%
$31,900 USD

$27,017 USD

689,086

• Agriculture Department and

• The high unemployment rate
23,800,000

Unemployment

13.2%

Unemployment

21.0%

has had a negative impact on the social climate and on the unemployment compensation system within the social security economic framework. spending has exceeded European guidelines.

• Local and National Government

• Puerto Rico legislature approves

CONTACT
Coldwell Banker Commercial KF Real Estate 530 Constitution Ave. San Juan, PR 901 (787) 433-0077 www.cbcommercialpr.com

CONTACT

• The economic dependence on

• Puerto Rico legislature approves

problems for bank liquidity and Coldwell Banker Commercial labor unemployment. Las Rozas Playa del Sardinero 18 Las Rozas de Madrid, Spain 28290 +34 91 636 3780

construction has created severe

OFFICE
Vacancy

RETAIL

OFFICE

RETAIL

  

Vacancy

  

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDUSTRIAL
Vacancy

MULTI-FAMILY

INDUSTRIAL

MULTI-FAMILY

  

Vacancy

  
58

Vacancy

  

Vacancy

  

Absorption

Absorption

Absorption

Absorption

Rental Rates

Rental Rates

Rental Rates

Rental Rates

INDEX BY MARKET
Alachua County, FL Albany (NY Capital Region), NY Albuquerque Metro, NM Athens, GA Atlanta Greater MSA, GA Atlanta MSA, GA Austin, TX Billings, MT Bloomington / Normal, IL Boise, ID Bryan / College Station, TX Central, PA Central, TX Champaign / Urbana, IL Charleston, SC Chattanooga / North GA, TN Chicagoland, IL Clark County, WA Columbia, SC Danbury / New Haven County, CT Deltona-Daytona / Ormond Beach, FL Dothan, Houston County, AL East, TX Fairfield County, CT Fargo / Moorhead, ND Greene / Morgan / Putnam Counties, GA Greenville / Spartanburg, SC Honolulu, HI Hot Springs, AR Houston, TX Humboldt County, CA Huntsville, AL Inland Empire / Palm Springs, CA Inland Empire North / Victor Valley, CA Jacksonville, FL Kansas City Metro Area, KS King County, WA Knoxville / East Tennessee, TN Kootenai County, ID Lafayette, LA Lakeland / Winterhaven, FL Lincoln, NE Little Rock, AR Los Angeles Westside, CA Los Angeles, CA Louisville Metro, KY Lubbock, TX Lynchburg, VA Madison, WI Manatee, Sarasota, Charlotte Counties, FL Mankato, MN Midcoast, ME Middle, MI Minneapolis / St. Paul Metro Area, MN Modesto, CA Monterey / San Benito Counties, CA Monterey Peninsula, CA 15 35 35 21 21 22 45 33 25 24 46 40 46 25 42 44 26 50 42 14 16 3 47 14 39 22 43 23 4 47 5 3 6 6 16 27 50 45 24 28 17 33 5 7 7 27 48 49 52 17 30 29 30 31 8 8 9 Montgomery, AL Morris County, NJ Myrtle Beach, SC New Hanover County, NC New Orleans, LA New York, NY Northeastern, PA Northern, NJ Orange County, CA Outer Banks, NC Port St. Lucie, FL Portland, OR Redding, CA Reno / Sparks MSA, NV Research Triangle, NC Rowland Heights, CA Salem, OR Salt Lake City, UT San Diego, CA San Fernando / San Gabriel Valley, CA San Francisco, CA San Gabriel Valley North, CA Savannah, GA South Puget Sound, WA South, FL Southern, KY Southwest Riverside County, CA Southwest, FL Southwestern, PA Springfield Area, MO Springfield, IL St. Cloud / Central, MN St. Joseph, MO Sumter, SC Sussex County, DE Tacoma, WA Tampa / St. Petersburg, FL The Florida Keys, FL Vero Beach / Indian River County, FL Victoria County, TX Western, CO Winston-Salem, NC INTERNATIONAL MARKETS Bermuda Czech Republic France Greater Toronto Area, Canada Greece Ireland Mexico City, Mexico Ontario (Eastern), Canada Peru Puerto Rico Spain Waterloo Region, Canada 4 34 43 37 29 36 41 34 9 37 18 39 10 36 38 10 40 49 11 11 12 12 23 51 18 28 13 19 41 32 26 31 32 44 15 51 19 20 20 48 13 38 53 55 55 54 56 56 57 53 57 58 58 54

Each market information comes from the CBC affiliate listed as the contact. Information is deemed from sources considered reliable. Various sources of the data include but are not limited to: CoStar, Reis and LoopNet. Demographic information was accessed from EASI Demographics and 2010 Census. A Core Based Statistical Area (CBSA) is a U.S. geographic area defined by the Office of Management and Budget (OMB) based around an urban center of at least 10,000 people and adjacent areas that are socioeconomically tied to the urban center by commuting. Unemployment numbers were taken from Bureau of Labor Statistics.

Sources of Information

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