2013 Mid-Year Blue Book by Coldwell Banker Commercial

2013

Blue Book

SEMI-ANNUAL Market Intelligence Report For Commercial Real Estate

Check out the MARKETS SNAPSHOTS

cbcworldwide.com

CONTENTS AL - Houston County AL - Montgomery AK - Anchorage AZ - Sedona AR - Little Rock CA - Antelope Valley CA - Chico CA - Inland Empire North / Victor Valley CA - Long Beach / South Bay CA - Modesto CA - Napa & Sonoma Valleys CA - Newport Beach CA - North Los Angeles County CA - North State CA - Oakland / East Bay CA - Orange County CA - Riverside / Corona Valley CA - Riverside / South West CA - Roseville / Placer County CA - San Mateo County CA - West Los Angeles CO - Denver CO - Grand Junction / Mesa County CT - Fairfield County DE - Sussex County FL - Boca Raton FL - Charlotte County FL - Daytona Beach / Ormond Beach FL - Deltona / Daytona Beach FL - Florida Keys / Key West FL - Fort Myers / Naples FL - Gainesville FL - Indian River County FL - Jacksonville FL - Lakeland / Winter Haven FL - Melbourne / Brevard County FL - Melbourne / Palm Bay / Titusville FL - Ocala, Marion County FL - Port Orange / New Smyrna Beach FL - Sarasota / Manatee / Charlotte FL - St. Lucie County FL - Tallahassee FL - Tampa Bay GA - Athens GA - Atlanta, Greater MSA GA - Columbus GA - Dalton / Whitfield County GA - Hinesville / Fort Stewart GA - Lake Oconee Trade Area GA - Marietta GA - Middle Georgia GA - Savannah HI - Honolulu ID - Boise, Idaho ID - Coeur d’Alene ID - Eastern IL - Bloomington / Normal IL - Champaign / Urbana IL - Chicagoland IN - East Central Indiana IN - Indianapolis KS - Garden City KS - Kansas City Meto Area KY - Lexington KY - Louisville Metro KY - Southern LA - Lafayette LA - New Orleans ME - Midcoast and Southern MI - Northern MI - Western MN - Central MN - Mankato MN - Minneapolis Metro MS - Gulfport / Biloxi

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 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41

MO - St. Joseph MT - Billings NE - Lincoln NV - Reno / Sparks NJ - Central & Northern NJ - Morris County NJ - Northern NM - Albuquerque / Bernalillo County NY - Long Island NY - New York City NC - Greensboro / Guilford County NC - Piedmont Triad NC - Wilmington ND - Fargo / Moorhead OH - Cincinnati OH - Cleveland OK - Oklahoma City Metro OK - Tulsa, Oklahoma OR - Portland OR - Salem OR - Southern PA - Northeastern PA - Philadelphia, Northern Suburbs PA - Southwestern SC - Charleston SC - Columbia SC - Greenville SC - Myrtle Beach SC - Spartanburg SC - Sumter SD - Rapid City TN - Chattanooga Metro TN - East TN - Nashville TX - Abilene TX - Amarillo TX - Austin TX - Bryan / College Station TX - Central / South TX - Houston TX - Lubbock TX - Rio Grande Valley MSA TX - Victoria TX - Waco UT - Salt Lake County VA - Fredericksburg VA - Lynchburg WA - Clark County WA - King County WI - Janesville / Beloit WI - Madison, Greater WY - Cheyenne Metro

41 42 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 61 62 62 63 63 64 64 65 65 66 66 67

INTERNATIONAL Bermuda 68 Canada - Aurora, Ontario 68 Canada - Barrie, Ontario 69 Canada - Innisfil, Ontario 69 Canada - Kelowna / West Kelowna, BC 70 Canada - Newmarket, Ontario 70 Canada - Orillia, Ontario 71 Canada - Ottawa, Canada 71 Canada - Richmond Hill, Ontario 72 Canada - Trail, British Columbia 72 Canada - Vaughan, Ontario 73 Canada - Waterloo Region, Ontario 73 Canada - Winnipeg Area, Manitoba 74 Costa Rica 74 France - Paris 75 Guatemala 75 Italy 76 Mexico - Mexico City 76 Puerto Rico 77 Spain - Barcelona & Cataluña Region 77 United Arab Emirates - Dubai 78

US TRENDS* The Coldwell Banker CommercialÂŽ (CBC) Blue Book offers a unique market perspective with data generated by true commercial real estate market experts â&#x20AC;&#x201C; the professionals of the Coldwell Banker Commercial companies within the local markets.

OFFICE Q2 2012

retail

Q2 2013

Q2 2012

industrial 2012

Q2 2013

mulI-family

2013

Q2 2012

Q2 2013

17.0%

17.3%

11.9%

11.5%

10.0%

9.4%

4.8%

4.3%

Absorption

4,004,000

7,220,000

1,739,000

1,392,000

96,277,000

101,003,000

34,418

31,973

Rental Rates

$28.17

$28.78

$17.96

$18.11

$4.61

$4.70

$1,082

$1,110

Vacancy

Source: Reis. 2013 Industrial are projections.

The charts below represent how many of the 127 US markets submitted in this book are Up, Down or had No Change.** OFFICE retail

p q n

Vacancy

Absorption

Rental Rates

11 Markets

78 Markets

39 Markets

80 Markets

15 Markets

24 Markets

35 Markets

30 Markets

60 Markets

p q n

Demand: Office mirrors job creation in the overall economy, the primary demand drivers have been in the Medical, Education, Technology and Energy sectors.

Vacancy

Absorption

Rental Rates

7 Markets

85 Markets

40 Markets

88 Markets

9 Markets

26 Markets

28 Markets

31 Markets

56 Markets

Demand: Grocery Anchored shopping centers are doing well with a trend toward specialty anchors such as Whole Foods, Trader Joes and Sprouts. High end and low end (discounters) are doing better, the middle is not the place to be, see Sears and JC Penny.

industrial

p q n

multI-family

Vacancy

Absorption

Rental Rates

14 Markets

77 Markets

61 Markets

79 Markets

19 Markets

8 Markets

25 Markets

21 Markets

48 Markets

p q n

Demand: According to REIS e-Commerce & Internet fulfillment have been driving demand while import/export activity is tapering off due to economic activity outside the U.S.

Vacancy

Absorption

Rental Rates

8 Markets

85 Markets

87 Markets

6 Markets

1 Markets

15 Markets

18 Markets

23 Markets

Supply: The level off of vacancy has been a function of increased supply growth. REIS has indicated that new units coming on line are 85% pre-leased indicating that demand remains strong.

UNEMPLOYMENT

p q n

16 Markets 103 Markets 8 Markets

Of the 16 markets where the unemployment rate rose, it was less than 1% increase in each market. Largest Decrease: Modesto, CA - 2.8%

Jun 2012 vs Jun 2013 Source: Bureau of Labor Statistics *Based off 127 US Markets (Information was N/A in certain sectors)

AL - Houston County

AL - Montgomery

DEMOGRAPHICS CBSA

Dothan, AL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,718

143,295

57,785

$43,656

58,833

6.30%

CBSA

Montgomery, AL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,725

367,157

147,017

$52,679

144,160

6.90%

MARKET HIGHLIGHTS

• The Governor of Alabama opened the 110,000 SF College of

• 50,000 SF back-office bank use is headed to former Colonial

Osteopathic Medicine. Students began their first semester in August.

Bank building on a 10 year lease.

• There is activity in the market from outside companies

• Houston County’s unemployment rate has dropped from 6.7%

looking to capitalize on the low cost of labor tightening the market.

to 6.3%.

• In November, Houston County will be hosting the first

• Several hundred new apartments are coming on line both in

• Hundreds of jobs came to Dothan when Commercial Jet

• Sales of existing homes are up year to year over 12%. • The downtown revitalization continues to lure both young

meeting ever held in the United States of over 400 business owners from China that are interested in expansion into the US.

the CBD and the suburbs. Office, Industrial and Retail are still absorbing inventory.

opened its aviation services facility in May.

and old into considering Montgomery as their home due to an exciting urban renewal.

• Hyundai Automotive’s popular Sonata, made in Montgomery, set an annual production record of 361,348 units with a cumulative production figure of 2 million units for the year and is on target to beat that for 2013.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Alfred Saliba Realty

410 N. Shady Lane Dothan, AL 36303 (334) 793-6600

www.alfredsalibacommercial.com

Coldwell Banker Commercial Moore Company Realty

121 Coosa St. Suite 250 Montgomery, AL 36104 (334) 262-1958

www.moorecompanyrealty.com

AK - Anchorage

AZ - Sedona

DEMOGRAPHICS CBSA

Anchorage, AK

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

26,379

378,904

137,722

$72,444

162,368

6.60%

CBSA

Flagstaff, AZ

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

18,617

130,596

46,597

$52,993

48,137

8.00%

MARKET HIGHLIGHTS

• Cabela’s broke ground on their 100,000 SF south Anchorage

• World Class Golf course Seven Canyons recapitalizes and

• ULTA cosmetics will build stores in Anchorage and Fairbanks

• Vacancies are constant. • Upscale Restaurateur is expanding from 2 to 4 locations. A

store. They will open May 2014. Bass Pro will open October 2013 with their 75,000 SF store.

partners with 5-star Enchantment Resorts which was named the #1 Spa by Travel and Leisure magazine.

in 2014.

• Wal-Mart will open its east Anchorage super store in October

new location is currently under construction.

2013 and new 160,000 SF Sam’s Club at Tikahtnu Commons September 5th. Retail continues to be strong with new retailers and restaurants coming into the market. Existing retailers are opening new locations to fill holes in the market.

• Low inventory is causing price increases and a seller’s

market in certain price ranges. Prices under $250,000 have a 2 month absorption rate; under $400,000 have a 4 month absorption rate.

• Both visitor and buyer traffic are increasing in the general

• The Class A Office market has improved to a 97% occupancy

market area.

level. JL Properties broke ground in August for a new 100,000 SF building in midtown Anchorage that is 30% leased.

• Sedona continues to be rated by various periodicals as one of the top three U.S. vacation destinations.

• The Warehouse market is strong with a 2% vacancy rate. Rents are in the $9.60 to $15.00 range.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Anchorage

2600 Cordova St. Suite 205 Anchorage, AK 99503 (907) 561-5155

www.coldwellutah.com

Coldwell Banker Commercial First Affiliate

195 West SR 89A Sedona, AZ 86336 (928) 340-5000

www.cbcworldwide.com

AR - Little Rock

CA - Antelope Valley

DEMOGRAPHICS CBSA

Little Rock- North Little RockConway, AR

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,090

690,456

276,042

$56,190

290,765

6.70%

CBSA

Antelope Valley

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,500

513,547

156,816

$67,268

166,627

8.50%

MARKET HIGHLIGHTS

• 40,000 SF of Class A Office space was absorbed via Perfect

• China based BYD, a firm specializing in rechargeable

Manufacturing’s purchase of 16101 St. Vincent Way.

batteries, electric bus and vehicle manufacturing, and green energy technologies, opens electric bus manufacturing plant in the city of Lancaster and purchases a second location in the city that will become a large-scale battery production center.

• Major Maumelle Industrial absorption by Leisure Arts taking 200,000 SF in LR Logistics Center.

• Occupancy firms up at all top tier shopping centers in

• Kinkisharyo International announced plans to utilize the

market.

former B1B bomber plant, Site 9, in Palmdale to fulfill an $890 million contract to build as many as 235 light rail cars for the Los Angeles County Metropolitan Transportation Authority.

• New entries and expansions by popular eateries: Twin Peaks, Chuhy’s, Big Orange, On The Border, Chipotle and Slim Chickens.

• “Mann on Main” and “Arcade” Mixed-Use projects open in

• Aerospace fastener manufacturer, Morton Manufacturing,

downtown.

is in the final stages of construction for its new 80,000 SF corporate headquarters in the city of Lancaster and is predicted to bring 300 jobs to the area.

• Kiplinger ranks Little Rock #1 on its “10 Best Places to Live” in 2013.

• Innovative Coatings Technology Corporation (INCOTEC), a

global leader in coatings technology, announced plans to move their headquarters to the City of Lancaster. Having outgrown their current facility in Mojave, INCOTEC plans on expanding their manufacturing capacity to the new Lancaster headquarters, adding 50 new hires in the process.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Hathaway Group

2100 Riverdale Rd. Suite 100 P.O Box 3730 LIttle Rock, AR 72202 (501) 663-5400

www.hathawaygroup.com

Coldwell Banker Commercial Valley Realty

42402 10th St. West Suite E Lancaster, CA 93534 (661) 945-2524

www.cbcvalleyrealty.com

CA - Chico

CA - Inland Empire North / Victor Valley

DEMOGRAPHICS CBSA

Chico, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,639

221,277

88,796

$43,239

60,484

10.30%

CBSA

RiversideSan Bernardino Ontario, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

27,260

4,171,856

1,350,253

$52,845

1,156,307

10.20%

MARKET HIGHLIGHTS

• Sales and transient occupancy tax is significantly increasing

• Recently opened or under construction: Dick’s Sporting

and now is above 2007 levels.

Goods, Steak N Shake, Chipotle, Red Robin, Fat Burger, Denny’s, Ulta Beauty and In Shape Gym.

• Number of building permits is up almost 250% over last year.

• The first Hot Dog on a Stick drive thru in California opens in

It is the highest level in six years.

Hesperia.

• The technology sector is improving.

Milestone Technologies, Build.com and new ChicoStart Innovation Lab are expanding into new facilities.

• Multi-Family sales price per SF is up 42% year over year. • Land: Average transaction price has risen 53% since the

• There are new major retailers in the area including BevMo,

beginning of the year.

Chipotle and CVS.

• If Victor Valley’s trade area (population 442,497) was a city, it

• There is high vacancy in large Offices and Warehouses at

would be the 8th largest city in the state.

airport and Industrial parks.

• There is $5.3 billion of Retail potential in the Victor Valley

• The small Warehouse and Office market is very active with

region.

lower vacancy.

• The HDO Annual regional business conference will be held on Oct 17, 2013 in Victorville.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial DuFour Realty

1350 E. Lassen Ave. Suite 1 Chico, CA 95973 (530) 895-1545

www.cbcworldwide.com

Coldwell Banker Commercial Real Estate Solutions

15500 W Sand St. 2nd Floor Victorville, CA 92392 (760) 684-8000

www.cbcdesert.com

CA - Long Beach / South Bay

CA - Modesto

DEMOGRAPHICS CBSA

Long Beach, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,850

12,935,173

4,288,080

$60,485

5,313,010

9.20%

CBSA

Modesto, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,494

512,221

167,008

$49,395

140,743

12.70%

MARKET HIGHLIGHTS

• Mercedes Benz USA has leased a 1,091,754 SF Industrial

• Stanislaus County is located in the Central Valley.

Many people in the surrounding areas shop in its county seat of Modesto.

complex on 52 acres of land.

• Two new high-rise Residential developments will soon begin

• The major industry is AG-related, employing approximately

construction in Downtown Long Beach.

18,000 people or 11.3 percent of the total 160,000 people that are employed. The unemployment rate varies due to seasonal positions in the AG industry.

• Sale inventory is very low, especially for Multi-Family properties.

• A large SBA buyer pool is looking to purchase.

• Well located shopping areas have been attracting new

tenants with some major remodeling. Vacant spaces, due to the lack of new construction, have been absorbed as needed. Kaiser Permanente built a major hospital complex with Memorial Hospital building, a major expansion.

• There have been major layoffs in the government sector

based on tax assessments being lowered due to the 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 unemployment in the area starts to decline.

• The Office and Retail markets are improving in good centers and locations.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Blair Westmac

333 W. Broadway Suite 312 Long Beach, CA 90802 (562) 495-6070

www.cbcblair.com

Coldwell Banker Commercial Vinson Chase, Realtor

220- C Standiford Ave. Modesto, CA 95350 (209) 577-2121

www.cbcworldwide.com

CA - Napa & Sonoma Valleys

CA - Newport Beach

DEMOGRAPHICS CBSA

Napa, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

754

135,273

52,057

$72,042

60,343

5.80%

CBSA

Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,850

12,935,173

4,288,080

$60,485

5,313,010

9.20%

MARKET HIGHLIGHTS

• In the first half of 2013, many developers and builders came

• Office vacancy rates are improving slightly. • Office rental rates are still declining. • Retail investments are beginning to move again. • Industrial unit sales are moving up slightly. • Multi-Family investment prices are rising while the cap rate

back into the market. One project included 120 townhouses at a high profile corner of Hwy. 29 and American Canyon Rd.

• City of Napa has received an application for a 5+ acre

subdivision comprised of 32 one and two-story single family homes, east of the Alexander Crossing Apartments under construction on Silverado Trail.

is declining.

• A Bay Area developer is in escrow to close later this year on

• Retail rent rates are moving up.

an infill project of 71 townhomes, ranging from 1,200 to 2,000 SF in size, in the Pear Tree Lane area of Napa.

• Calistoga voters approved three new Hotel / Resort projects that will add $1.5 to $2 million per year in transient occupancy tax revenue within the next 3 to 5 years.

• In St. Helena, Retail rental rates continue to trend upward,

approaching $3.50 to $4.00 per SF. In Yountville, only one Retail space is available for lease in Washington Square. The only Office building listed for sale received multiple offers over the $1.2MM asking price.

• On West Napa St. in Sonoma, a developer has plans to build

12 townhouses on a one acre parcel, just east of the turn onto Hwy 12.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Brokers of the Valley

1775 Lincoln Ave. Napa, CA 94558 (707) 224-8454

www.napacommercialproperties.com

Coldwell Banker Commercial NRT - Balboa Island

201 Marine Ave. Balboa Island, CA 92662 (949) 422-6657

www.cbcworldwide.com

CA - North Los Angeles County

CA - North State

DEMOGRAPHICS CBSA

Los AngelesLong BeachSanta Ana, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,850

12,935,173

4,288,080

60,485

5,313,010

9.20%

CBSA

Redding, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,785

181,457

71,491

45,729

53,468

10.60%

MARKET HIGHLIGHTS

• Avery International relocated their headquarters from

• Partnership Healthcare California will hire 80 people and

• Vacancy is decreasing in Pasadena and Burbank because

• No new construction for the past 5 years is resulting in

Pasadena to Glendale.

acquire 14,000 SF of Office space.

companies are beginning to hire new employees again and there are no new office buildings under construction.

shortages in Office and Retail.

• Housing construction is starting up again, but all other

• In Pasadena, one new Office building will start construction

sectors remain flat.

in early 2014.

• Increased demand has driven up values which has reduced

• Residential prices have already increased 15% in 2013. • There is more optimism in the market because the

foreclosures.

• There is a surprising recovery in Retail sector. • Redding outperforms San Francisco in per capita Retail

unemployment rate is decreasing, interest rates are low and many investors want to purchase commercial properties.

spending.

• Pasadena and Burbank have lower Office vacancy rates than most other cities throughout the region.

• Industrial rental rates and sale prices are increasing because vacancy is under 5%. Industrial is a seller’s market, due to increased demand from users for space, low vacancy and very favorable interest rates for buyer’s.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Alliance

701 North Brand Blvd. 850 Glendale, CA 91203 (818) 334-1900

www.cbcalliance.com

Coldwell Banker Commercial C&C Properties

2155 Larkspur Lane, #A Redding, CA 96002 (530) 221-9638

www.cbcnorthstate.com

CA - Oakland / East Bay

CA - Orange County

DEMOGRAPHICS CBSA

San FranciscoOaklandFremont, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,473

4,347,767

1,661,661

$80,439

1,916,201

6.50%

CBSA

Los AngelesLong BeachSanta Ana, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,850

12,935,173

4,288,080

60,485

5,313,010

9.20%

MARKET HIGHLIGHTS

• The 345,700 SF Downtown Pleasant Hill Retail center was

• Irvine Company sees 5 Million more SF of Offices. • The recession is largely behind the best of Orange County’s

sold for $100,000,000 ($289 PSF, 7.1% Cap Rate).

• The East Bay market is benefiting from firms priced out of

big-box space.

San Francisco.

• Research and Development sector activity is increasing. • The housing market is on fire, up to $1,000,000 in sales. • Fashion Island Shopping Center renovations are almost

• Solid employment gains are continuing. • Apartment developers are restarting projects shelved during the recession.

completed.

• Cash continues to pour in from overseas investors. • The East Bay’s unique culture is more laid back and

• Construction is up in most sectors, but Retail lags.

uncomplicated when compared to that of its western neighbors.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Pleasanton

5980 Stoneridge Dr. Suite 122 Pleasanton, CA 94588 (925) 847-2266

www.cbcworldwide.com

Coldwell Banker Commercial NRT - Newport Beach

4 San Joaquin Plz. Suite 260 Newport Beach, CA 92660 (714) 504-4649

www.cbcworldwide.com

CA - Riverside / Corona Valley

CA - Riverside / South West

DEMOGRAPHICS CBSA

RiversideSan BernardinoOntario, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

27,260

4,171,856

1,350,253

52,845

1,156,307

10.20%

CBSA

RiversideSan BernardinoOntario, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

27,260

4,171,856

1,350,253

$52,845

1,156,307

11.10%

MARKET HIGHLIGHTS

• Industrial continues to be the strong point of the commercial

• All economic indicators continue to point to a stabilizing

• Office rental rates have increased 7.6% from the bottom of

• Continued positive absorption and only one new delivery of

real estate market in the Corona Valley.

economy for the second half of the year.

the market which was in Q1 2012.

Class B professional Office space resulted in another drop in vacancy for Southwest Riverside County.

• As residential builders are now resuming new home

• In Retail, all sub markets, with the exception of four, have

construction projects, Retail activity and prices are starting to climb.

dropped to a vacancy rate of 10% or below. This is a great measure of economic health within the Southwest Riverside County region and will no doubt contribute to increasing lease rates as vacancy continues to drop.

• The unemployment rate has dropped to 10.2%, down from 12.4% from the previous year.

• As the Temecula Valley Hospital nears completion, many

doctors are looking to relocate within close proximity. This is driving up demand in the Hwy. 79 South area with most of the available Medical Office product getting leased and / or sold.

• The unemployment rate has dropped to 11.1%, down from 12.4% from the previous year.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

N/A

Absorption

N/A

Absorption

N/A

Rental Rates

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Sudweeks Group

1260 Corona Pointe Ct. Suite 101 Corona, CA 92879 (951) 239-3147

www.cbcsocalgroup.com

Coldwell Banker Commercial Sudweeks Group

27708 Jefferson Ave. Suite 201 Temecula, CA 92590 (951) 200-7683

www.cbcsocalgroup.com

CA - Roseville / Placer County

CA - San Mateo County

DEMOGRAPHICS CBSA

SacramentoArdenArcadeRoseville, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

5,094

2,141,658

801,834

61,184

727,825

8.50%

CBSA

San DiegoCarlsbadSan Marcos, CA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,200

3,071,264

1,129,261

$66,264

1,227,936

7.30%

MARKET HIGHLIGHTS

• Major Retail construction at Rocklin Crossing of 543,200 SF. • Major big-box construction in Rocklin Commons of 410,942 SF. • Leasing activity in all sectors is level to increasing.

• Eleventh consecutive quarter of asking rate rising 3.7% quarter after quarter in the Office market.

• There is a shortage of Building Lots, and Land prices are

• Salesforce leases out 103,373 SF. • Industrial sale of 87,000 SF by IIT Acquisitions, LLC. • There was a sale of an 85,000 SF Industrial building by

• There is growth in new jobs as the healthcare industry is

• Industrial tenant demand increases as companies from

• Investors are coming back into the market.

• Over 600 Multi-Family units in Redwood City are under

Residential construction up. increasing.

Terrano Realty Group.

hiring.

surrounding markets look to relocate to the Peninsula. construction for 2014.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Roseville

2270 Douglas Blvd. Suite 120 Roseville, CA 95661 (916) 786-4600

www.cbcworldwide.com

Coldwell Banker Commercial Westbay Real Estate Group

1575 Bayshore Hwy. Suite 100 Burlingame, CA 94010 (650) 344-4300

www.cbcburlingame.com

CA - West Los Angeles

CO - Denver

DEMOGRAPHICS CBSA

Los AngelesLong BeachSanta Ana, CA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,850

12,935,173

4,288,080

$60,485

5,313,010

9.20%

CBSA

DenverAurora, CO

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

8,369

2,578,383

1,001,550

67,727

1,140,976

7.30%

MARKET HIGHLIGHTS

• Technology, internet and media continue to take additional

• One Touch Print relocated its Denver HQ comprised of 82,467

• Vacancy rates and rents remain steady. • Apartment development is on the rise. • Apartments are in high demand. • Capitalization rates and price per SF are back to 2007 levels. • Investment inventory is very low.

• Denver has had 14 consecutive quarters of positive

space.

SF to the former Office Depot facility in North Denver.

absorption. Year to date, Office is 860,157 SF; Industrial is 1.6 million SF; and Retail expanded by 665,786 SF.

• The investment market is returning rapidly with 5.1 million SF trading for $926 million.

• The Union Station redevelopment will open its first new

Office building this fall known as One Union Station. Five additional projects are in the pipeline.

• Positive absorption in all markets and rising rents (exceeding 2008 levels) are making Denver very attractive for investors.

• Colorado’s unemployment rate fell in the last quarter to 6.9%.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial WESTMAC

1515 S. Sepulveda Blvd. Los Angeles, CA 90025 (310) 478-7700

www.westmac.com

Coldwell Banker Commercial Alliance

999 18th Street, Suite 1350 Denver, CO 80202 (303) 238-7777

www.cbcalliance.com

CO - Grand Junction / Mesa County

CT - Fairfield County

DEMOGRAPHICS CBSA

Grand Junction, CO

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,328

148,298

60,317

$47,409

54,564

9.00%

CBSA

BridgeportStamfordNorwalk, CT

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

626

904,874

336,733

$91,039

419,437

7.50%

MARKET HIGHLIGHTS

• Western Colorado continues recovery in the market. Regional

• Fairfield County’s Office market ended Q2 of 2013 with a

• Year to date total volume is up 9.18% for the first half of

• Fairfield County’s available vacant-sublease space increased

• Year to date building permits are down for the first half of

• Millward Brown vacated 73,564 SF of Office space.

Medical Center announces next phase with a $40M economic impact to the region as they complete the project. Additional medical related projects: 87,000 SF, $24M Medical Plaza and a 17,000 SF Pain Management, Ambulatory Surgery Center.

vacancy rate of 15.1%, up from 15.0% with net absorption totaling negative 64,127 SF, compares to positive 65,818 SF in the Q1 2013. Vacant sublease space increased in the quarter, ending the quarter at 929,149 SF.

the year. The 2012 year to date volume sold $258,392,219 compared to the 2013 year to date volume sold $281,324,778. Transactions are down by 3.39%; the 2012 units sold 1,524 and 2013 units sold is 1,474 .

in Office in Q1 2013 from 928,936 SF to 929,149 SF. Industrial decreased from 65,108 SF Q1 2013 to 61,458 SF by the end of the Q2. Retail has trended up over the past four quarters from Q3 2012 16,680 to 18,665 Q2 2013. Charter Communications is moving into 73,564 SF Office space. Seaboard Industries Inc. moved into 32,000 SF of Industrial space. Price Rite moved into 46,000 SF of Retail space and Whole Foods Market moved into 35,200 SF of Retail space.

2013 according to the Mesa County building department. January to June 2013, 121 new building permits were issued, in 2012 there were 133 permits issued, down by 9.09%.

• Significant deals in the first half of 2013 include a 56,000 SF

• Notable constructions projects of 2013 are: 106 Federal

building on 2.92 acre redevelopment for a government tenant sold for $1.95 million; a 47,280 SF redevelopment family fun center sold for $1.85 million; an 18,900 SF Industrial energy related sold for $965,750; and a 19,200 SF Industrial redevelopment sold for $800,000.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

Road 6,500 SF facility and 264 South Beach Ave, a 5,400 SF building.

• The average quoted asking rate is $37.74 SF for Office; Industrial $7.61 SF; and Retail $25.31 SF.

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Prime Properties, LLC

2646 Patterson Rd., Suite B Grand Junction, CO 81506 (970) 243-7375

www.grandjunctioncommercial.com

Coldwell Banker Commercial NRT- Wilton

77 Old Ridgefield Road Wilton, CT 06897 (203) 831-4187

www.cbcworldwide.com

DE - Sussex County

FL - Boca Raton

DEMOGRAPHICS CBSA

Seaford, DE

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

938

194,215

78,981

$52,386

68,986

6.50%

CBSA

Boca Raton, FL

• Several new national tenants have opened on Coastal

Highway, including: TD Bank, Buffalo Wild Wings, Panera Bread and Chipotle. Shore Bank and Keller-Williams have also opened offices.

• While commercial construction is still slow, the level of

residential construction increased dramatically over the past year.

Absorption

N/A

Rental Rates

N/A

$57,415

2,069,525

7.50%

Cendyn, a full service digital marketing agency, acquired the Compson Financial Center in Boca Raton at auction for approximately $10 million or $107 PSF. The property was 23% occupied at the time of sale.

coupled with low property taxes, and no sales tax continues to make it one of the top retiree destinations on the east coast.

N/A

2,128,471

• There was one notable Office building sale during Q2.

• Sussex County’s great accessibility to bays and the ocean,

N/A

5,566,404

Boca Raton or Palm Beach County market.

very high level making it one of the best Retail areas in the mid-Atlantic region.

5,126

• Currently, there are no new Office projects underway in the

• Traffic volume on Route 1 and Coastal Highway remains at a

Unemployment

year and remained at a current rate of $17.00 PSF NNN.

over 2011.

Vacancy

Employees (Total)

• The overall average asking lease rates held steady over last

• Closed residential resale volume increased 14.5% in 2012

multy-family

Household Income Median

Security. The company leased 72,234 SF at Boca Corporate Center and Campus in Boca Raton. Tyco will be vacating 175,000 SF at 1501 Yamato Rd., Boca Raton, to be backfilled by their affiliate ADT.

rise in tourism, more summer rental activity and rapidly increasing retirement influx.

industrial

Households

• The largest transaction signed in Q2 was Tyco Integrated

• Commercial activity has continued to improve due to the

retail

Population

MARKET HIGHLIGHTS • The Boca Raton submarket had a slight drop in Office vacancy rate to about 23.1%. Although there was minimal new corporate relocations into this market, several existing companies expanded either in their current locations or expanded laterally in the market.

MARKET HIGHLIGHTS

OFFICE

Square Miles

• Indicators are trending in a positive direction, leading to

growth in 2013. Landlords and investors are optimistic as the Office market continues to improve at a slow but steady pace. Housing values continue to improve in the area with annual building permits on the rise for the first time in 5 years. OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Resort Realty

20184 Coastal Hwy. Rehoboth Beach, DE 19971 (302) 227-5000

www.cbankercommercial.com

Coldwell Banker Commercial NRT - Boca Raton

1800 NW Corporate Blvd. Suite 100 Boca Raton, FL 33431 (561) 479-1225

www.cbcworldwide.com

FL - Charlotte County

FL - Daytona Beach / Ormond Beach

DEMOGRAPHICS CBSA

Punta Gorda, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

694

156,239

70,703

$50,696

38,556

7.30%

CBSA

Deltona Daytona Ormond Beach, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,103

495,625

214,567

$47,500

146,482

7.30%

MARKET HIGHLIGHTS

• There have been no significant changes in the market in the

• Diamond Aircraft Industries, the world’s third largest aircraft

• Vacancy is staying level. • There was a small increase in new construction. • Inventory is low and new home construction is up. • The market has stabilized. • The market is a great location for retirees.

• Hard Rock Cafe and Bayshore Capital just announced a $150

past 6 months.

manufacturer, has just committed to a long-term partnership with Embry Riddle Aeronautical University that will result in an expansion of the company’s international research and development program. million phase one: a 250 room hotel, 100 unit condo and a 28,000 SF ballroom on 10 acres of beachfront.

• Daytona International Speedway broke ground July 5th on a

3 year, $400 million renovation project that will use 3% of the steel produced in the USA annually.

• Protogroup of St. Petersburg, Russia has announced a 1.4 million SF Hotel and Condo project on a 4.5 acre site.

• Daytona Speedway has teamed up with Atlanta based Jacoby Group to develop a 500,000 SF Mixed-Use project across from the International Speedway.

• Hotel / Motel room occupancy continues to climb as

passenger boardings continue to increase in and out of Daytona Beach International Airport .

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Sunstar Realty, Inc

1980 Kings Hwy. Port Charlotte, FL 33980 (941) 255-3497

www.sunstarcommercial.com

Coldwell Banker Commercial Benchmark

570 Memorial Circle Suite 300 Ormond Beach, FL 32174 (386) 672-8530

www.benchmarkdaytona.com

FL - Deltona / Daytona Beach

FL - Florida Keys / Key West

DEMOGRAPHICS CBSA

Deltona Daytona Ormond Beach, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,103

495,625

214,567

$47,500

146,482

7.30%

CBSA

Key West, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

997

73,047

32,553

$71,455

29,685

4.10%

MARKET HIGHLIGHTS

• Bethune-Cookman University opens its Deltona Campus. • Increase in jobs creates more demand for Office, Industrial

• Tourism remains strong and Hospitality leads the commercial markets. Over 500 new hotel rooms on the Keys will come on the market in 2014.

and Retail space.

• Retail is rebounding on the strength of Hospitality.

Dollar Tree, CVS, Walgreens and Publix are expanding their footprints in the Keys.

• New home construction is picking up as excess inventory gets absorbed.

• For the first time since the recession, Volusia County is

• New Hotel and Hotel redevelopment projects are underway

• Businesses are starting to expand as they no longer can wait

• The residential market is up almost 20% YTD through July.

seeing an increase in property values.

throughout the Keys.

to see if the market has stabilized.

Average sales prices have increased about 6% while inventories are down almost 10%.

• First Sunrail station in Volusia County is set to open in 2014,

• The Florida Keys is designated as an Area of State Critical

with a station in the City of Debary.

Concern which severely restricts development. The Keys enjoy the lowest unemployment rate in the state and the highest cost of living.

• Please visit our website at www.RealEstateFloridaKeys.com

and click on our Newsletter link to view our quarterly statistical newsletters to learn about this market in greater detail.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial AI Group

1019 Town Center Dr. Suite 200 Orange City, FL 32763 (386) 775-8633

www.cbcaigroup.com

Coldwell Banker Commercial Schmitt Real Estate Company

11100 Overseas Hwy. Marathon, FL 33050 (305) 289-6482

www.cbcworldwide.com

FL - Fort Myers / Naples

FL - Gainesville

DEMOGRAPHICS CBSA

NaplesMarco Island, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,025

320,101

132,487

$76,515

115,960

7.20%

CBSA

Gainesville, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,223

261,674

113,545

$45,060

87,322

6.00%

MARKET HIGHLIGHTS

• Hertz Car Rentals is moving their national headquarters from

• In the 1st half of 2013, Office had positive absorption, rates

New Jersey to Estero between Fort Myers and Naples. This will move 700 families to southwest Florida.

were up 5.0%, and time on market was down.

• Retail had positive absorption in the first half of 2013 with

• Vacancy is falling across all commercial types due to

rates up 4.0%. Time on market has increased.

businesses’ expansion and the absence of new construction for 5 or 6 years.

• Office stats: Average asking gross rate is $14.12/SF; 244 total active listings; average days on market is 408 days; vacancy is between 12-13%.

• New construction is starting as vacancies hit continued lows. • The residential market is hot. • Now is the time to buy or lease in SW Florida.

• Retail stats: Average asking NNN rate is $16.02/SF; 199

total active listings; average days on the market is 704 days; vacancy is 9-10%.

• The average Land closing price is $2,646 per acre. • Hottest to coldest in number of transactions: Office leasing,

Agriculture and timber Land sales, Retail leasing, Industrial leasing, Office sales, Industrial sales.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Naples

4851 North Tamiami Trail Naples, FL 34103 (239) 596-6130

www.cbcworldwide.com

Coldwell Banker Commercial M.M. Parrish Realtors

7515 W. University Ave. Suite 201 Gainesville, FL 32607 (352) 264-3800

www.mmparrish.com/commercial

FL - Indian River County

FL - Jacksonville

DEMOGRAPHICS CBSA

SebastianVero Beach, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

503

135,534

59,807

62,271

43,595

9.30%

CBSA

Jacksonville, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,221

1,334,380

518,910

$60,216

551,254

7.00%

MARKET HIGHLIGHTS

• A new Publix center opens on U.S. Hwy. and 58th while

• President Barack Obama came to Jacksonville, Florida, in July to

• Vacancy rates are gradually reducing as rents stabilize. • U.S. Hwy. 1 south of Vero to the county line is expanding to 6

• JAXPORT board of directors hired Brian Taylor as the new

• New home starts are up over 20% and rising. • Growth and rising home prices lead toward a healthy

• The Jacksonville Jaguars announced that the team has agreed to

Albertsons closes.

tour JAXPORT. He called on Congress to increase infrastructure investment and stressed the importance of deepening the shipping channel to accept supertankers.

lanes.

CEO of the Port. Taylor has served around the world during his 30-year career and has an MBA in Economics and Financial Management from Concordia University in Montreal.

economy.

terms with the City of Jacksonville to undertake approximately $63 million in major enhancements to EverBank Field, including two new end zone video scoreboards that will be the largest of their kind in the world. Also, renovations to the north end zone will make it a world-class entertainment destination to attract and keep many premier events in Jacksonville.

• Completed, permitted and entitled residential subdivisions are in hot demand.

• Real estate sources say Trader Joe’s is considering a site in

Jacksonville Beach, in a shopping center at the intersection of A1A and J. Turner Butler Blvd. California based Trader Joe’s, which sells gourmet items, beer and wine and pantry staples, typically targets an educated, high-income demographic.

• EverBank Financial Corp. signed a 62,798 SF lease at 301 W. Bay

St. in Jacksonville. EverBank will expand to occupy the 27th and 28th floors in addition to the 270,000 SF they have occupied since late 2011.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Ed Schlitt, Realtors

1950 US Hwy 1 Vero Beach, FL 32960 (772) 778-9257

cbc.flcoldwellbanker.com

Coldwell Banker Commercial Benchmark

4348 Southpoint Blvd., Suite 310 Jacksonville, FL 32216 (904) 281-1990

www.cbcbenchmark.com

FL - Lakeland / Winter Haven

FL - Melbourne / Brevard County

DEMOGRAPHICS CBSA

Lakeland Winter Haven, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,010

606,019

228,998

$40,730

245,900

8.40%

CBSA

Palm BayMelbourneTitusville, FL

MARKET HIGHLIGHTS

• Lakeland is a finalist for an Amazon Warehouse. • Lakeland Regional Medical Center announces a new $80 million building and relocates 180 “nonclinical” employees (32,000 SF) downtown.

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,018

536,805

225,977

$56,299

181,926

7.80%

MARKET HIGHLIGHTS

• Port Canaveral is creating the Inland Port in Titusville for

shipping bulk cargo. The $23 million project will connect the port to rail. Port Canaveral is now one of the busiest ports in the world.

• CSX is under construction with their Intermodal Logistics

• Vacancy is falling in Brevard County due to the increase in

• There was continued growth on US Hwy 27 due to LEGOLAND

• Grumman is building a 200,000 SF Manned Aircraft Design

jobs. Brevard County unemployment down to 7.8%.

Center in Winter Haven.

Center of Excellence in Melbourne, creating over 1,000 new jobs.

Florida traffic and residential construction at “4 corners.”

• Residential sales volume is up nearly 30%. Medical prices are

• Homes sales are up over 24%, and national builders are

up over 15%.

having trouble keeping up with demand.

• Downtown Winter Haven continues to redevelop; another 1/2

• Numerous national retailers & restaurants are locating to

block is under construction.

• Florida Polytechnic University, Florida’s 12th university, will open for its 1st class of 500 students in Fall 2014. Plans are to grow to 5,000 enrollment over the next 10 years. The 120,000 SF iconic first building, designed by world famous architect, Santiago Calatrava, will be completed by year end. The curriculum focus is on STEM - science, technology, engineering and math.

Brevard County, including: Bass Pro Outlets, Cheddars and Chipotle.

• NASA is being replaced by the commercialization of the

space industry with companies such as Space X, United Launch Alliance, ATK, Boeing, Lockheed, Orbital Science, Blue Origin and many others.

• LEGOLAND Florida, located in southeast Winter Haven, has

been opened for 1 1/2 years and plans to reach 2 million visitors within 3 years. OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Saunders Ralston Dantzler Realty

114 N Tennessee Ave. 3rd Floor Lakeland, FL 33801 (863) 648-1528

www.srdcommercial.com

Coldwell Banker Commercial Ed Schlitt, Realtors

232 Fifth Ave. Indialantic, FL 32903 (321) 723-9500

cbc.flcoldwellbanker.com

FL - Melbourne / Palm Bay / Titusville

FL - Ocala, Marion County

DEMOGRAPHICS CBSA

Palm BayMelbourneTitusville, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,018

536,805

225,977

$56,299

181,926

7.80%

CBSA

Ocala, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,579

329,658

137,836

42,854

91,158

8.20%

MARKET HIGHLIGHTS • FedEx has signed a contract with the city to construct an 800,000+ SF packaging and fulfillment facility in one of Ocala’s Industrial parks. Construction is set to begin mid 2014.

• “Space Coast” Brevard offers pro-business incentives, low

taxes, robust transportation infrastructure, high-tech labor force, 73 degree average temp and 72 miles of pristine beach.

• Embraer Aircraft is building a 63,500 SF, $24 million Embraer

• Retail vacancy rates continued to fall from 7.5% to 7.3% during

• Eckler Industries, Inc. is expanding its auto parts distribution

• New construction start ups are beginning to come online. To

Engineering and Technology Center at Melbourne International Airport, which will generate 200 engineering jobs by the end of 2016. facility and international HQ in Titusville. The project will generate a $5.5 million economic impact annually, adding 65 new jobs in four years.

the last quarter. Office vacancy rates climbed from 9.3% to 9.4% due to negative net absorption. Industrial vacancy rate rose from 11.4% to 12% also due to negative net absorption. The rising rates are mostly because of new REO assets. date, there have been 203 permits filed with the county.

• The residential market is steadily improving due to low

inventory and high demand. Marion County’s overall increase in home value has risen by approximately 12% in the last 1215 months.

• United Paradyne Corp., a California based, aerospace related, propellant subcontractor, will create 50 jobs at an average salary of $64,000 as it returns to Kennedy Space Center.

• Archo Solutions Engineering USA will open its first U.S. facility

• Ocala / Marion County’s market has started to improve due in

• Brevard’s July 2013 residential market average sale price

• Marion County is known as the horse capital of the world with

part to an aggressive pro business agenda from the city and the Chamber for Economic Partnership. City leaders have been successful in bringing in new companies to relocate to the area, bringing down unemployment.

at Melbourne International Airport to tap into US commercial / executive jet markets, creating 50 jobs by 2016 at an average salary of $50,000. $167,898 is up over 15% from July 2012 prices and the July 2013 average days on the market of 97 has dropped 21.14% over July 2012. OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

a very strong equine industry. Low taxes and close proximity to major metro areas continue to make Ocala one of the best places to live and work in the country. OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Sun Land Realty of Florida

1920 Hwy A1A Indian Harbour Beach, FL 32937 (321) 777-7743

www.cbcsunlandrealty.com

Coldwell Banker Commercial Ellison Realty Inc.

2226 East Silver Springs Blvd. Ocala, FL 34470 (352) 732-8350

www.cbcworldwide.com

FL - Port Orange / New Smyrna Beach

FL - Sarasota / Manatee / Charlotte

DEMOGRAPHICS CBSA

Deltona Daytona Ormond Beach, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,103

495,625

214,567

47,500

146,482

7.30%

CBSA

SarasotaBradentonVenice, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,313

689,676

311,173

$58,236

230,801

7.20%

MARKET HIGHLIGHTS

• The City of Port Orange is seeing significant commercial

• Panama Expansion should be completed in 2015-2016. This

retail growth, with development of the Altamira Shopping Village along SR-421, Dunlawton Ave. and Taylor Road. Major stores include BJ’s and LA Fitness, with previously filled outparcels of CVS, Golden Corral, and Aspen Dental. The current project, valued at $9.9 million, is the largest commercial development under construction in Volusia County.

will increase shipping traffic to the Port of Tampa and the Port of Manatee. Manatee is the fourth largest port in the state.

• Industrial sales and leases have increased. • The greatest demand for all types of commercial real estate is along the I-75 corridor.

• The $30 million, White Palm Apartments is under way, being

• Nat Benderson Rowing Complex, located along I-75 and

developed by Birmingham, AL based LIV Development. A 306 unit luxury complex is taking shape near The Pavilion at Port Orange. It is set to be the first new apartment complex to be built in East Volusia in two years.

University Parkway, has begun operation bringing many rowers from all over the world. They will be developing a Village Concept including: Hotels, Residential, Retail, and a Restaurant as part of this complex.

• Commercial growth near the SR-44 exit of I-95 and New

• The Irish Resolution Trust has gotten the clearance to

Smyrna Beach is well underway and should see development as economic conditions improve. As further residential communities expand to the west, commercial follows suit.

market the 15 acres of downtown waterfront with Mixed-use activities. This was the former Quay.

• Residential new construction is up. • Residential Multi-Family Land sales are up. • Unemployment is 7.2%.

• The area is going to continue to fill vacancies and see new

development and redevelopment, as well as an increase in demand for housing and Multi-Family. There is also a strong demand for quality ALFs.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Coast Realty

5535 S. Williamson Blvd. Port Orange, FL 32129 (386) 763-3323

www.coastrealty.cc

Coldwell Banker Commercial NRT - Sarasota

100 N. Tamiami Trail Sarasota, FL 34236 (941) 487-2100

www.cbcworldwide.com

FL - St. Lucie County

FL - Tallahassee

DEMOGRAPHICS CBSA

Port St. Lucie, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,128

407,361

169,340

$53,266

117,662

9.30%

CBSA

Tallahassee, FL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,387

361,765

154,494

$47,364

111,973

6.70%

MARKET HIGHLIGHTS

• Low lease rates (particularly in Industrial and Office sectors)

• Four major new tenants: Whole Foods, Trader Joes, Dick’s

are attracting new tenants.

Sporting Goods and Bass Pro Shop, will be opening stores this fall.

• Investment activity is picking up; anticipating a recovery in

• Office vacancy remains at 20% with very little change. • New construction seems to be booming with the new store

lease rates.

• Land investors are back in the market as Residential

construction continues to improve. Residential resales are still strong with prices increasing 0.5 to 1% monthly.

openings as well as an abundance of new Multi-Family development, especially in the student housing market. Additional projects include the new Tallahassee Memorial Health Care Emergency Room (40,000 SF) and Gateway Tallahassee, an urban Walgreens downtown with 25,000 SF of office space on the two floors above the Walgreens.

• The region’s largest DRITradition is seeing renewed building activity. Several national homebuilders are building again in the area and briskly selling homes.

• Downtown Ft. Pierce continues to attract new business. The

• Residential sales are up 24% year over year. The average

new City Marina expansion is expected to be completed in early 2014.

sale price is up 3.3%.

• For the first time in several years, commercial sales are up over the previous year.

• Tallahassee continues to enjoy one of the lowest unemployment rates in the state at 6.7%.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Ed Schlitt, Realtors

411 N. U.S. Hwy. 1 Fort Pierce, FL 34950 (772) 461-3250

cbc.flcoldwellbanker.com

Coldwell Banker Commercial Hartung & Noblin, Inc.

3303 Thomasville Rd. Tallahassee, FL 32308 (850) 386-6160

www.cbcworldwide.com

FL - Tampa Bay

GA - Athens

DEMOGRAPHICS CBSA

Tampa- St. PetersburgClearwater, FL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,554

2,757,566

1,166,605

$49,596

1,059,081

7.20%

CBSA

AthensClarke County, GA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,031

193,495

77,486

$40,278

60,760

7.20%

MARKET HIGHLIGHTS

• Bristol-Myers Squibb announces plans to open a business

support center locally that will bring nearly 600 office jobs with salaries averaging $65,000. Trader Joe’s and Bass Pro Shops are making plans to enter the region for the first time as the region’s economy and jobless rate continue to improve.

• March was the biggest month for home sales in the Four

• The 1 million SF Caterpillar plant is complete and will begin production November 1st, 2013.

• Over 2,000 new residential bedrooms are currently under construction or are approved and will start shortly in downtown Athens.

• On the southwest side of Athens, over 444,000 SF of Retail

County MSA in seven years. Home prices rose as supply is dwindling.

and a 16-screen movie theater have just been completed.

• Copa Airlines will start direct flights between Tampa

• On the north side of Athens, a 170,000 SF of new Retail space

International and Panama City, Panama with connections to most Latin American cities, which opens the door for new opportunities at the Port of Tampa and the Center for Advanced Medical Learning and Simulation (CAMLS).

anchored by a 123,000 SF Kroger and fuel station has just been approved and will start construction soon.

• The 58 acre UGA Health Science Campus is now open and the first class of doctors will be graduating in 2014.

• The Office sector remains soft, particularly in the CBD.

• Medical Office space in the Athens area is in high demand

Prospective Office tenants appear more focused on Tampa’s Westshore Business District.

with several hundred thousand SF of new space completed in the past 2 years and over 200,000 SF on the books and under construction.

• The Apartment market remains strong, thanks to both job and

population growth in the region. Construction continues as five developments are under construction or breaking ground this year.

• Dick’s Sporting Goods announced it will open in Tampa’s

Westshore Plaza in 2014, replacing space formerly occupied by Saks Fifth Ave., who decided to leave the Tampa Bay market. OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Tampa

5010 W. Kennedy Blvd. Tampa, FL 33609 (813) 286-2964

www.cbcworldwide.com

Coldwell Banker Commercial Upchurch Realty

2405 W. Broad St. Suite 150 Athens, GA 30606 (706) 354-7870

www.upchurchrealtycommercial.com

GA - Atlanta, Greater MSA

GA - Columbus

DEMOGRAPHICS CBSA

AtlantaSandy SpringsMarietta, GA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

8,376

5,521,582

2,028,400

$60,590

2,223,339

8.90%

CBSA

Columbus, GA-AL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,937

293,977

117,712

49,432

93,485

9.30%

MARKET HIGHLIGHTS

• The $164 million sale to JP Morgan Asset Management of

• The sweetest thing in the Columbus, GA market to report

a 50% stake in Terminus 100 and 200 with their combined total of 1.2 million SF has been confirmed in the Buckhead submarket.

is job retention. Hostess Brands has restarted its Twinkies plant in Columbus, with 200 jobs retained.

• The US Army announced that the Third Army Brigade of the

• Ponce City Market, a Mixed-Use $200+ million

Third Infantry Division will remain at Ft. Benning, keeping over 7,000 jobs in the local market, and building off their $3.5 billion investment in the community after the latest round of base realignments and closures.

redevelopment of the 2 million SF former Sears Roebuck & Company, is being developed at 675 Ponce de Leon Ave. Atlanta’s Old Fourth Ward, is under way by co-developers Jamestown Properties & Green St. Properties.

• Area Development Magazine marked Columbus as a Top 50

• Notable new construction planned includes: 100 Northpark

for “Workforce Indicators in Economic and Job Growth” in 2013.

Office space at 1.5 million SF: Executive Park Dr., MixedUse Office at 850,000 SF: and Village Capital Partners Redevelopment, East Paces Rd. at Buckhead Ave., Atlanta, Office space at 560,000 SF.

• The longest urban white water course in the world opened

Memorial Day weekend and through the first two months of operation, had over 4,000 paid rafting trips. There has been a corresponding uptick in business interest in the downtown area with new restaurants and businesses opening.

• Currently, there are 4,735 market rate Apartments under

construction across the metro Atlanta area in 18 projects.

• Highwoods Properties, Inc. has begun selling most of its

• Cross Country Plaza, the first mall in the Columbus market,

Atlanta Industrial portfolio including at least 1.5 million SF and up to 18 buildings.

sold for $36.6 million to Coro Realty Advisors. They took advantage of a redeveloped center with new Publix, TJ Max and Goodwill Industries leases.

• The Atlanta Class A Office market has fared better in

the period of recovery than the lower tier. Here, flight to quality, an effect of Class A rental concessions, has been a contributing factor. OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Metro Brokers

3575 Piedmont Rd NE Building 15 Suite 950 Atlanta, GA 30305 (678) 320-4800

www.cbcmetrobrokers.com

Coldwell Banker Commercial Kennon, Parker, Duncan & Key

5670 Whitesville Rd. Columbus, GA 31904 (706) 256-1500

www.commericalcolumbusga.com

GA - Dalton / Whitfield County

GA - Hinesville / Fort Stewart

DEMOGRAPHICS CBSA

Dalton, GA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

634

134,366

46,872

46,511

64,498

11.60%

CBSA

HinesvilleFort Stewart, GA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

920

73,844

26,115

$48,667

12,145

10.20%

MARKET HIGHLIGHTS

• Engineered Floors, LLC, a carpet manufacturer, will invest

• The Hinesville / Fort Stewart MSA was the third Fastest

$450 million and create 2,000 new jobs over the next 5 years in Northwest Georgia. Plans are to construct manufacturing and distribution facilities in Whitfield County.

Growing MSA in the U.S. in 2011 and 2012.

• The Hinesville / Fort Stewart MSA is among the top four

leaders in employment growth rates since pre-recession.

• Carbondale Business Park is a shovel ready Industrial and

• Fort Stewart is the largest military installation east of

Commercial site located on I-75, ready for manufacturing, warehousing and distribution. Publicly owned available lots range from 3 to 50 acres with all utilities.

the Mississippi River and is 5th in the nation in military population.

• Fort Stewart has a $5.2 billion economic impact on the region

• Dalton / Whitfield has a labor force of over 1 million

as of July of 2012.

within driving distance and the 3rd largest manufacturing community per capita in Georgia.

• Liberty County is centrally located between four deep water

• Dalton / Whitfield is an Archway Partnership community.

ports, two of which are within 45 minutes of the site.

The Archway Partnership is a University of Georgia outreach platform to deliver a full range of higher education resources to address economic and community development.

• Liberty County has a highly disciplined, motivated and trained military retiree work force.

• Dalton State College has approximately 6,000 students and

offers 10 Bachelor Degrees. DSC, an NAIA member school, is beginning intercollegiate athletics in the Fall of 2013 with Men’s Basketball, Men’s & Women’s Tennis, Golf, Cross Country, Women’s Volleyball and Competitive Cheerleading.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Kinard Realty

704 South Thornton Ave. Dalton, GA 30720 (706) 226-5182

www.cbcnorthgeorgia.com

Coldwell Banker Commercial Holtzman Realtors

730 General Stewart Way Hinesville, GA 31313 (912) 408-4040

www.cbcholtzman.com

GA - Lake Oconee Trade Area

GA - Marietta

DEMOGRAPHICS CBSA

Milledgeville, GA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

732

55,258

23,615

38,954

14,162

13.30%

CBSA

AtlantaSandy SpringsMarietta, GA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

8,376

5,521,582

2,028,400

60,590

2,223,339

8.90%

MARKET HIGHLIGHTS

• Now under construction: Thrive Senior Living has partnered

• Porsche Cars North America is moving to Hapeville, GA to the

• St. Mary’s new hospital is now under construction and is

• Vacancy is falling in the Office, Industrial and Retail sectors.

with Lake Oconee area residents to elevate the standard of senior living with an innovative new concept in Assisted Living and Memory Care.

former Ford plant. Plans include: 150,000 SF Office tower, restoration shop, a fine dining restaurant and a 1.6 mile tract for visitors to test drive the new Porsche 911s.

scheduled to open in Q1 of 2014.

Reason being, there is little to no new construction in the pipeline, and activity has increased.

• New construction in the residential market is increasing

• “Buckhead Atlanta” is on track. The Mixed-Use development

along with residential absorption rates on existing homes.

will include 300,000 SF of upscale Retail stores, Restaurants, and Cafes, 100,000 SF of Office and 370 Luxury Residences.

• For 2013, the residential Atlanta market continues to

improve with gradual increases in home prices and sales. Inventory continues to decline, and foreclosure inventory continues a significant decline.

• The market in general is slightly improving. Multi-Family remains strong with unit prices up and cap rates down.

• The Atlanta Falcons will have a new stadium open for the

2017 season. The plans include a retractable roof and 70,000 seats at a cost of about $1 Billion.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Lake Country

1020 Greensboro Rd. NE Eatonton, GA 31024 (706) 485-0124

www.cbclakecountry.com

Coldwell Banker Commercial NRT - Marietta

37 Johnson Ferry Rd Marietta, GA 30068 (404) 705-1590

www.cbcworldwide.com

GA - Middle Georgia

GA - Savannah

DEMOGRAPHICS CBSA

Macon, GA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,725

232,119

89,721

$47,145

83,398

9.80%

CBSA

Savannah, GA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,359

347,453

130,609

$55,567

129,296

8.80%

MARKET HIGHLIGHTS

• In August, Tractor Supply will occupy their new 750,000 SF

• 158 new businesses opened Q1 in Chatham County. • 26 more businesses opened than closed in Savannah each

regional distribution facility built along Interstate 75.

• The expansion of missions at nearby Robins Air Force Base

month since 2011.

has caused unique job growth in the defense contractor sector.

• Savannah Office vacancy rates are less than 10%. • Savannah Industrial vacancy rates are less than 12%. • Whole Foods 35,000 SF neighborhood center opened more

• Three very large Apartment complexes are in various stages of construction in the market area, which combined will add another 1,000 new units in 2013.

than a year ahead of schedule.

• Entry level homes are again under construction in the Robins

• The Savannah residential market is now in seller’s territory

AFB market.

with less than 6 months of market inventory.

• Because Macon has been identified as a premier logistics

hub, many small and medium size distributors have moved into the market, absorbing large cumulative amounts of space, causing remaining footage to increase in value.

• Macon was home to the Mound Builder Indians, and as a

result, there are world class examples of their ancient mounds and subterranean meeting rooms in the OCMULGEE National Monument.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Eberhardt & Barry

990 Riverside Dr. Macon, GA 31201 (478) 746-8171

www.coldwellbankercommercialeb.com

Coldwell Banker Commercial Platinum Partners

6349 Abercorn St. Savannah, GA 31405 (912) 790-6999

www.cbcplatinum.com

HI - Honolulu

ID - Boise, Idaho

DEMOGRAPHICS CBSA

Honolulu, HI

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

600

910,677

311,782

$67,192

365,718

4.70%

CBSA

Boise CityNampa, ID

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

11,788

610,611

224,823

$55,100

232,386

6.10%

MARKET HIGHLIGHTS • Many national retailers are opening their first stores in the Boise market including Trader Joe’s currently under construction in downtown Boise. Multiple restaurants are opening their first Idaho locations at The Village at Meridian including Toby Keith’s I Love This Bar & Grill and Yard House.

MARKET HIGHLIGHTS

• Hawaii’s economy remains healthier than the continental

U.S. with tourism posting an all time high in visitor arrivals of 8 million. Total visitor expenditures were $14.3 billion in 2012.

• Absorption was flat in the first half of 2013, but transaction

• Two new department stores to enter the Hawaii Market.

volume remained healthy. Net absorption should improve in the second half of the year as construction is completed on a new Walmart in Meridian and at The Village at Meridian, where a movie theater and numerous restaurants will open in the coming months.

Bloomingdales and Saks 5th Ave to open in 2015.

• As of May 2013, statewide unemployment decreased to 4.7%.

• Retail construction is on pace for over half a million SF in 2013,

much of which is being built with retailer commitments in place.

• The housing market continues to heat up, with Idaho home

prices rising at the fourth fastest rate in the nation, according to the Federal Housing Finance Agency. Interest rates have remained low and demand outweighs limited supply, creating competition among buyers.

• Idaho’s economy continues to migrate away from durable goods manufacturing (such as electronics and industrial equipment). This is a service-driven economy. Growth is not in retail trade jobs, but in information, financial, business, education and health services.

• Idaho has added about 36,000 jobs (an increase of 6.1%) and about a quarter of these since Q4 2012.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial NRT - Hawaii

737 Bishop St. Suite 2000 Honolulu, HI 96813 (808) 526-0896

www.cbcpacific.com

Coldwell Banker Commercial NRT

6550 South Millrock Dr. Suite 200 Salt Lake City, UT 84121 (208) 870.6933

www.coldwellidaho.com

ID - Coeur d’Alene

ID - Eastern

DEMOGRAPHICS CBSA

Coeur d’Alene, ID

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,245

140,628

53,154

50,618

49,226

7.00%

CBSA

Pocatello, ID

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,519

120,040

42,871

$40,842

28,908

6.80%

MARKET HIGHLIGHTS

• There has been new construction in Retail due to regional /

• ULTA opened in July 2013 in Pocatello, Idaho (12,240 SF). • Vacancy has remained static. • Pawn One is remodeling a 11,000 SF space, opening

national retailer growth.

• The market has new Multi-Family construction. • Positive absorption of Office, Retail and Industrial vacancies.

September 2013.

• Auditorium District announced a 43,000 SF building for Knudsen Corner.

• Eastern Idaho is a best kept secret. • The market is the gateway to Yellowstone and offers world class fishing.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Schneidmiller Realty

2000 Northwest Blvd. Suite 200 Coeur d’Alene, ID 83814 (208) 765-9160

www.cbcsr.com

Coldwell Banker Commercial NRT

6550 South Millrock Dr. Suite 200 Salt Lake City, UT 84121 (208) 403-1973

www.coldwellidaho.com

IL - Bloomington / Normal

IL - Champaign / Urbana

DEMOGRAPHICS CBSA

BloomingtonNormal, IL

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,184

168,918

70,687

$59,825

69,980

7.50%

CBSA

ChampaignUrbana, IL

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,923

227,494

97,325

$47,851

80,156

8.70%

MARKET HIGHLIGHTS

• The overall market improves through 1st half of 2013. • The local jobless rate maintains the lowest levels in the

• Major student housing projects have been approved for

Campustown. A 16-story Apartment tower will be built at 4th & Green; a 14-story tower is under construction at 6th & Green; and a 52-unit Apartment building is under construction at 2nd & Green.

state, as an indicator of local economic strength.

• The local housing market is up 14%. • The Retail market remains healthy. • The Office market improved with increased demand. • Investment properties are scarce.

• Also in Campustown, a Mixed-Use project at 6th & Green with two 12-story towers will include Apartments, Retail and a Marriott hotel. Construction is slated to take 2 years.

• The University of Illinois continues work on its Ikenberry Commons dorm project and the Electrical & Computer Engineering building on campus.

• Interest in downtown Champaign remains high. A Hyatt Place Hotel is under construction at Neil & Church; it will be the first downtown Hotel in decades.

• The Retail market continues to improve, with a few new spec buildings under construction. The relocation of some major car dealerships to north of I-74 has created more Retail opportunities in the North Prospect Retail corridor and the South Neil St. Retail corridor.

• Construction continues on Easton-Bell’s new 800,000 SF facility in Rantoul.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Heart of America Realtors

802 S. Eldorado Rd. Bloomington, IL 61704 (309) 662-3377

www.cbhoacommercial.com

Coldwell Banker Commercial Devonshire Realty

201 W. Springfield 11th Floor Champaign, IL 61820 (217) 352-7712

www.cbcdr.com

IL - Chicagoland

IN - East Central Indiana

DEMOGRAPHICS CBSA

Chicago Naperville Joliet, ILIN- WI

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

7,212

9,617,804

3,484,370

$66,775

4,186,171

10.10%

CBSA

Muncie, IN

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

393

115,425

48,625

$40,907

42,446

10.50%

MARKET HIGHLIGHTS

• The Chicago Industrial market continued to show improvement

• $50 million Student Housing and Retail project was approved. • Townsend Corporation purchased a 64,000 SF Office building. • High visibility gateway Office in CBD is being revitailized. • Residential listing volume remains at historic lows.

through the first half of 2013. There was 4,800,000 SF of positive net absorption and the vacancy rate dropped to 9.1%. Some of the large leases signed in the 1st half of 2013 were by Owens & Miner for 515,000 SF and DHL for 459,000 SF.

• The vacancy rate for Office, Retail and Industrial all

decreased in the 1st half of 2013. Even with an increase in new construction, the vacancy rate dropped. There are new projects for all three property types currently under construction that will be delivered this year.

• There has been 2.265 million SF of new Industrial space built in 2013 with another 630,000 SF under construction; 324,000 SF of new Office space delivered with another 1.9 million SF under construction; and 887,000 SF of new Retail space built with another 1.5 million SF under construction.

• The residential market continues to improve. Sales of

single family homes have increased and prices are rising. The Apartment market also continues to be strong with low vacancies. However, rents are not increasing at the same pace as they had been in the previous quarters.

• All commercial property types continue to show improvement. Values of properties continue to increase, and cap rates are decreasing for most commercial property types. OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Northbrook

2215 Sanders Rd. Northbrook, IL 60062 (847) 313-6500

www.cbcworldwide.com

Coldwell Banker Commercial Lunsford Real Estate

3601 W. Bethel Ave. Muncie, IN 47304 (765) 289-2228

www.cblcre.com

IN - Indianapolis

KS - Garden City

DEMOGRAPHICS CBSA

Indianapolis, IN

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,863

1,755,394

690,844

$60,003

787,836

7.90%

CBSA

Garden City, KS

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,302

42,609

13,697

$43,008

13,558

4.70%

MARKET HIGHLIGHTS

• Office vacancies have held steady through the first two

• Menard’s opened in May of 2013. • The trade area is expanding. • There is a high need for Multi-Family product. • There is a shortage of homes. • This area is showing signs of becoming a very progressive

quarters of 2013. The overall market has stalled at 9.3%, with suburban vacancies lower than CBD.

• Geico signs the largest lease to start the year. Geico leased 109,000 SF on the northside of Indianapolis.

• Industrial vacancy rates have lost momentum as they are

staying level with 2012 year end at 6.7%. But, with 616,000 SF of new space delivered, absorption has increased to maintain those levels. Indianapolis is scheduled to deliver an additional 818,000 SF this year.

market.

• This market is the Retail and oil and gas center of Southwest KS.

• The trend is clear, Retail vacancy rates moved slightly over

the first 6 months of the year, but leveled at year end 2012 to stay at 7.3%. Rates are dropping slightly to encourage new tenants to take hold in the Indianapolis market.

• Multi-Family in the CBD has been the strongest sector

this year. New deliveries include, a new tower being built by Flaherty and Collins, along with several other projects, makes Multi-Family standout from the rest.

• Overall, the haze of the recession seems to be lifting in

Central Indiana. Companies and corporations are still utilizing planning and analysis extensively before leaping into the market, but after the last four years, it may be the best practice. OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Realty Services

8888 Keystone Crossing Suite 120 Indianapolis, IN 46240 (317) 249-9000

www.cbcrs.com

Coldwell Banker Commercial The Real Estate Shoppe, Inc.

1135 College Dr. Suite E Garden City, KS 67846 (620) 275-7421

www.cbcworldwide.com

KS - Kansas City Meto Area

KY - Lexington

DEMOGRAPHICS CBSA

Kansas City, MO-KS

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

7,857

2,076,653

819,900

$60,301

914,989

6.60%

CBSA

Lexington, KY

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,479

473,956

202,332

$53,106

220,981

6.00%

MARKET HIGHLIGHTS

• Kansas has lowered income taxes on small businesses. • Nonresidential building permits in Johnson County are up

• A new 500,000 SF Retail development is scheduled to break ground in fall 2014.

• Class A Apartments sell for record $120,000 per unit. • The Lexington-Fayette unemployment rate dropped to 6%. • The housing market is up over 20% in 2013. • Toyota Motor Mfg. announced a new line for the Lexus ES

79% from last year.

• Several Retail projects are underway in the Metro area. • Federal sequestration is being watched closely for negative economic impact.

• The Apartment market continues to be hot. • Total private employment in the Metro area is up 4,500.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

model.

• Centre Point TIF funding was approved for new CBD Office and Hotel.

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Fishman & Company

1948 E. Santa Fe Olathe, KS 66062 (913) 782-9000

www.cbcfishman.com

Coldwell Banker Commercial McMahan Co.

444 Lewis Hargett Circle Suite 240 Lexington, KY 40503 (859) 219-0080

www.cbcworldwide.com

KY - Louisville Metro

KY - Southern

DEMOGRAPHICS CBSA

Louisville Jefferson County, KY-IN

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,135

1,263,217

506,857

$54,741

549,941

8.50%

CBSA

Bowling Green, KY

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

848

121,646

50,840

$46,805

50,727

8.10%

MARKET HIGHLIGHTS

• Louisville’s housing market is second in the nation (Forbes);

• National Corvette Museum began construction on a 184 Acre

Louisville is second in nation in job growth (U.S. Bureau of Labor Statistics). New job creators: UPS National Airhub, Ford plants, G.E. Appliance Park, YUM! Brands, medical industry (Humana and U of L Nucleus Innovation Park), and Amazon. com.

High Performance Dual Raceway Motorsports Park.

• Big-box retailers are expanding in the area with a new Meijer and Bed Bath & Beyond.

• Vacancy rates have dropped as new businesses open or

• Investor interest in Louisville Multi-Family remains strong;

expand into existing facilities.

average cap rates range from 6-6.5% for Class A to 8.5-9% for performing Class C. Overall occupancy increased to 96% for Class A, 92% for Class B and 95% for Class C. A significant number of sales closed in 2011 and 2012. New construction is underway.

• Residential existing and new construction home sales are up. • Multi-Family construction is at an all time high with over

• Louisville Retail continues to recover as the national economy

• Automobile Manufacturing and ancillary business continue to

1,500 units currently under construction. expand in the region.

rebounds. Newcomers such as Nike Outlet, Trader Joe’s, Urban Outfitters and, in 2013, Cabela’s, a new Cinemark Theatre, Nordstrom Rack and others are leading the way.

• Louisville Industrial has steady net absorption, with growth

factors such as ecommerce distribution, shipping temperature sensitive pharmaceuticals, and supplying the two Ford plants. Vacancy is below 7%. Developers are considering spec buildings.

• The Louisville Office market has stabilized, but occupancy

is uneven: for Class A, 7.8% vacancy in east suburbs, 16.1% downtown. Class B/C is 17.4% overall. OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial McMahan Co.

10600 Timberwood Circle Suite 7 Louisville, KY 40223 (502) 425-8800

www.cbcworldwide.com

Coldwell Banker Commercial Legacy Real Estate Group

2435 Fitzgerald Industral Dr. Suite 102 Bowling Green, KY 42104 (270) 781-3844

www.cbclegacy.com

LA - Lafayette

LA - New Orleans

DEMOGRAPHICS CBSA

Lafayette, LA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,010

264,966

101,487

$54,248

139,997

6.00%

CBSA

New OrleansMetairieKenner, LA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,153

1,230,886

469,474

$58,413

458,428

7.90%

MARKET HIGHLIGHTS

• The market continues to grow in all commercial sectors in

• Costco is opening its first Louisiana location in New Orleans

2013. Closed transactions are on track to exceed last year’s great year.

this fall.

• Office vacancy continues to increase as large energy groups

• New Industrial parks continue to come on line with both

like Shell and Chevron leave the Central Business District for Houston and suburban Office parks.

speculative and pre-sold buildings.

• The demand for both Office and Retail has increased in the

• The $2.2 Billion University Medical Center & VA Hospital

first half of the year.

complex is well underway on 67 acres of MidCity New Orleans.

• Residential new construction starts are at a record pace, and

• Residential supply has dropped to below 2006 levels, and

days on the market for both new and existing homes are at record lows.

property values should begin to appreciate given increased demand.

• Strong ties to both offshore and land exploration of oil and

• New Orleans is repositioning itself as a technology hub as it

natural gas drives the market to new levels. Expansions of existing facilities and new manufacturing facilities continue to add high paying jobs and keep unemployment at or near zero, statistically adjusted.

moves away from the energy sector which has moved west and north in the past few decades.

• New Orleans has more Restaurants open in 2013 than they

• The Medical Office market along with new hospital facilities

did prior to Hurricane Katrina.

has increased the number of doctors and medical personnel in the market, which has increased the luxury residential sales.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Pelican Real Estate

806 E St.Mary Blvd. Lafayette, LA 70503 (337) 233-9541

www.cbcpelican.com

Coldwell Banker Commercial TEC Realtors

701 Loyola Ave. Suite 401 New Orleans, LA 70150 (504) 566-1777

www.cbctec.com

ME - Midcoast and Southern

MI - Northern

DEMOGRAPHICS CBSA

Rockland, ME

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

366

40,753

23,744

$52,132

15,971

5.80%

CBSA

Traverse City, MI

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,696

142,428

55,301

51,430

53,561

7.80%

MARKET HIGHLIGHTS

• Retail development is on the rise with the new Super Wal-

• The market appears to have a nice balance of supply and

Mart. Tractor Supply development is scheduled for opening in November of 2013.

demand.

• There is continued growth in new construction for user

• Due to the continuing national media exposure, Midcoast

buildings.

Maine is enjoying an influx of people seeking to move into the immediate area, resulting in our local economy seeing improvements over the previous twelve month period.

• The population continues to grow. • A very good Residential market provides consumer

• 170,000 SF Retail development will be completed in

confidence.

November, 2013.

• There is continued growth in the Healthcare industry. • The Northern Michigan tourism market continues to expand.

• Number of residential units sold so far this year is up 21.8%. • The Midcoast of Maine continues to draw national media

attention with national TV coverage of a number of festival events, lifestyle and oceanfront location.

• Many seem to miss the fact that the trade area is comprised of 114,000 residents.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial SoundVest Properties

147 Park St. Rockland, ME 04841 (207) 596-7478

www.soundvest.com

Coldwell Banker Commercial Schmidt, Realtors

522 E. Front St. Traverse City, MI 49686 (231) 929-2300

www.cbgreatlakescommercial.com

MI - Western

MN - Central

DEMOGRAPHICS CBSA

HollandGrand Haven, MI

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

566

262,667

92,703

60,218

111,547

7.20%

CBSA

St. Cloud, MN

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,753

189,957

73,818

$54,959

91,676

5.40%

MARKET HIGHLIGHTS

• Grand Rapids welcomes Cabela’s as the latest new retailer

• Construction is nearing completion for Phase I of the Herb

• Vacant Industrial inventory of leased and purchased

• Transactional activity is picking up in all property sectors.

giant.

Brooks National Hockey & Event Center.

properties is at a 5 year low.

There is strong demand from buyers wanting to secure top locations and to capitalize on low interest rates.

• Industrial expansions are up by 50% from 2012, and new

• Numerous Multi-Family buildings were recently completed,

home construction and lot sales match 2006 levels.

and several are currently under construction. Additionally, many institutional building projects are in progress.

• Home sales are double that of 2011, and prices have nearly returned to the pre-slump level of 2007.

• The residential housing market is strong. Inventory is low,

• The Office market has not enjoyed the recovery of Retail and

and home prices are rising.

Industrial markets.

• The leasing market is picking up with tenants securing top

• The West portion of Michigan is fortunate to have a great mix

locations.

of industry, tourism, and agriculture spurring its economy. Employment is at a record high.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

• Central MN market consists of 200,000 +/- MSA. Major

employment sectors include: Manufacturing, Agricultural, Education and Medical.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Schmidt, Realtors

456 E. 16th St. Holland, MI 49423 (616) 396-8649

www.cbgreatlakescommercial.com

Coldwell Banker Commercial Orion Real Estate

630 First St. S. Waite Park, MN 56387 (320) 251-1177

www.cbcorion.com

MN - Mankato

MN - Minneapolis Metro

DEMOGRAPHICS CBSA

MankatoNorth Mankato, MN

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,205

93,650

39,391

$51,381

49,122

4.50%

CBSA

MinneapolisSt. PaulBloomington, MN-WI

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,063

3,286,547

1,267,913

$71,301

1,695,892

5.10%

MARKET HIGHLIGHTS

• Downtown: Ryan Companies is negotiating terms of a

• Major medical office expansion continues. • Multi-family developments are adding 100+ units. • Retail industry continues to show strength. • Transportation network continues to improve with extension

proposed $400 million Mixed-Use development that complements the new Vikings Stadium planned for city’s downtown.

• Redevelopment: Presbyterian Homes & Services heads into final stretches of construction on the $125 million promenade of Wayzata.

of County Road 17 and connecting County Road 12 to Highway 83.

• Jobs: 500 high skilled jobs will be created over 5 years

• Regional growth with major national retailers expanding and

as Emerson Electric Co. will convert the former ADC Telecommunications site in Shakopee into an engineering and manufacturing center.

moving into the area.

• Industrial: Hyde Development finalized the purchase of the state’s largest Industrial building that sits on 122 acres in Fridley. Plans for the Superfund site is for a $140 million sprawling business campus.

• Development: With the tightening supply of Industrial space in Dakota County, developers are moving ahead with new Industrial building projects.

• Recovery: Recently released residential permit statistics

show the new home industry in the Twin Cities continues to improve. Monthly and year-to-date permits and planned units are at their highest level since 2007. Year to date permits are up by 37%, while planned units are 26% higher.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Fisher Group

1961 Premier Drive, Ste. 404 Mankato, MN 56001 507-625-4715

www.cbcfishergroup.com

Coldwell Banker Commercial Griffin Companies

1221 Nicollet Ave. S. Suite 300 Minneapolis, MN 55403 (612) 904-7833

www.cbcgriffin.com

MS - Gulfport / Biloxi

MO - St. Joseph

DEMOGRAPHICS CBSA

GulfportBiloxi, MS

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,503

240,010

94,854

$53,669

86,844

9.00%

CBSA

St. Joseph, MO-KS

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,661

127,090

51,821

$44,333

48,146

5.80%

MARKET HIGHLIGHTS

• A new minor league baseball stadium was approved.

• St. Joseph is located just 35 minutes north of the Kansas

The Biloxi City Council passed resolution calling for the city to purchase a $21 million general obligation bond toward construction a multi-million dollar on land leased from the Beau Rivage Resort & Casino. The 7,000-seat stadium would cost about $35 million and will be constructed in what is now the employee parking lot across the street from the casino parking garage.

City International Airport with access to I-29, a major northsouth Interstate Highway, providing a corridor between Mexico and Canada and US Hwy 36, a major east-west route thru Northern Missouri.

• This market is located in the heart of the Life Sciences Industry with 5 of the major companies located here.

• Boehringer Ingelheim Vetmedica is still expanding and

• New casinos are on the horizon. • New construction is picking up.

building a 260,000 SF distribution center.

• The new Eastowne Business Park is complete and offering

excellent Industrial building sites. A 50,000 SF shell building was completed in 2012.

• Rosecrans Memorial Airport, which serves civilian and

military needs, is located 3 miles west of the city. It boasts ILS and GPS approach runways and provides capacity for any size aircraft.

• St. Joseph is served by the Union Pacific Railway and the Burlington Northern-Santa Fe Railway to provide direct access to all parts of North America.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Alfonso Realty, LLC

625 Courthouse Rd. Gulfport, MS 39507 (228) 596-4471

www.cbcworldwide.com

Coldwell Banker Commercial General Properties

2700 N. Belt Hwy. St. Joseph, MO 64506 (816) 364-2700

www.cbcommercialgeneral.com

MT - Billings

NE - Lincoln

DEMOGRAPHICS CBSA

Billings, MT

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,683

155,673

63,905

$53,585

69,806

3.90%

CBSA

Lincoln, NE

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,414

299,958

126,751

$55,280

142,514

4.00%

MARKET HIGHLIGHTS

• Three new hotels are under construction; over 300,000 SF of

• Pinnacle Bank Arena will be completed in Fall 2013

Retail is under construction; nearly 60 acres of Multi-Family Land is under development.

and will serve as a center point for the West Haymarket redevelopment project. Hotels, Retail, Offices, and upscale Residential Housing are currently being developed in the 400 surrounding acres.

• Vacancy in Industrial and Multi-Family is falling due to energy related activity in the Bakken Formation.

• CNBC’s Top States for Business 2013 ranks Nebraska as #4. • Lincoln was named the happiest place in the United States by

• Residential sales of existing inventory are up over 20% YTD. • Two new car dealerships are under construction with new

the 2012 Gallup-Healthways Well-Being Index.

truck sales hitting record highs.

• Memorial Stadium announced an expansion of the east

• A new 2 story library is opening in 2013. • A new 40 acre FedEx Hub is under construction. • The unemployment rate for the area is 3.9%.

stadium, which will allow for around 3,000 more fans to obtain season tickets to Nebraska football. Memorial Stadium is the third largest city in Nebraska on game days.

• The Nebraska Innovation Campus is a public and private

research campus being developed by the University of Nebraska-Lincoln and is currently under construction. It will contain 2 million SF of space with 500,000 SF completed within 5 years.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial CBS

1215 24th St.West Billings, MT 59102 (406) 656-2001

www.cbcmontana.com

Coldwell Banker Commercial Thompson Realty Group

620 N 48th St. Suite 101 Lincoln, NE 68504 (402) 421-7700

www.cbcthompson.com

NV - Reno / Sparks

NJ - Central & Northern

DEMOGRAPHICS CBSA

RenoSparks, NV

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,606

420,676

164,527

$61,308

208,488

9.80%

CBSA

NY- Northern NJ- Long Island

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,726

19,124,092

7,086,346

$65,253

7,711,074

8.20%

MARKET HIGHLIGHTS

• Galaxy Imax Theater is set to open Q4 at Legends Sparks

• Bayer Corporation moved in to the former Bell Labs location

• Fallas Paredes opened in 78,000 SF. • H & M to open in Meadowood Mall. • Industrial speculative construction returned to the market

• Vacancy rates have been declining slightly over the last 3

Marina.

in Whippany, NJ.

quarters as landlords are becoming more flexible with how they are positioning their assets. There have been nonstandard Office users such as Charter Schools and Day Cares locating in Office buildings.

as SJS CRE of Deerfield, IL broke ground on a 524,000 SF Warehouse in the Tahoe Reno Industrial Center, the first of its kind since 2008.

• A lack of homes under $200,000 is causing a slight decrease in Multi-Family vacancy.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Clay & Associates, Inc

5011 Meadowood Circle Suite 201 Reno, NV 89502 (775) 829-5900

www.cbcreno.com

Coldwell Banker Commercial Feist & Feist Realty Corp.

180 Mount Airy Rd. Basking Ridge, NJ 07920 (908) 696-1500

www.feistandfeist.com

NJ - Morris County

NJ - Northern

DEMOGRAPHICS CBSA

NY- Northern NJ- Long Island

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,726

19,124,092

7,086,346

$65,253

7,711,074

8.20%

CBSA

NY- Northern NJ- Long Island

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,726

19,124,092

7,086,346

$65,253

7,711,074

8.20%

MARKET HIGHLIGHTS

• With so many telecommuters and such a high vacancy level

• AMAZON to open a 950,000 SF warehouse in Robbinsville NJ. • The slowly improving economy is beginning to reduce

of Class A Office space, there are quite a few good deals out there.

vacancy rates in some markets.

• New construction is not popular. There are many existing

• There are many new Multi-Family projects which are shovel

buildings that can be purchased for a fraction of the construction costs of a new building.

ready or currently under construction.

• The Residential market is hot as sellers are finally willing to

• Residential sale prices and the number of sold units have

• North Jersey is a great location with its close proximity to

• The State of New Jersey is giving incentives to attract new

increase substantially over 2012.

sell their homes at today’s market prices.

business to the state and retain those companies who are currently doing business here.

New York and nice suburban neighborhoods. The commercial market is hot with many commercial tenants looking for opportunities to own at the lower prices. The market may have bottomed out and is on the rise.

• Contractors have won bids to repair several of New Jersey’s major bridges.

• Morris County has a good demographic mix and a great labor pool of talented people. It is a great place to live and work.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Morris Plains

1767 Route 10 Morris Plains, NJ 07950 (973) 267-3030

www.cbcworldwide.com

Coldwell Banker Commercial NRT - Madison

175 Park Avenue Madison, New Jersey 07940 (973) 407-5480

www.cbcnrtnewjersey.com

NM - Albuquerque / Bernalillo County

NY - Long Island

DEMOGRAPHICS CBSA

Albuquerque, NM

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

9,288

863,887

333,497

$49,381

313,234

7.80%

CBSA

NY- Northern NJ- Long Island

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,726

19,124,092

7,086,346

$65,253

7,711,074

8.20%

MARKET HIGHLIGHTS

• Gordman’s recently opened it first store in Albuquerque at

• Suffolk County’s largest Office lease deal was made with

Cottonwood Commons in northwest Albuquerque.

Reliance First Capital, LLC, 29,080 SF at 201 Old Country Rd., Melville.

• The New Mexico Legislature recently approved a “single

• Nassau County’s largest Office lease deal was Valley National

sales factor” option for corporate income taxes.

Bank taking 21,334 SF at Two Jericho Plaza, Jericho.

• NM Legislature recently approved a reduction on the

• Suffolk County’s largest Industrial lease deal was with

corporate income tax rate to 5.9% over the next 5 years.

GPlex Direct Mail Services for 33,800 SF at 194 Morris Ave., Holtsville.

• Eclipse Aviation will deliver its new Eclipse 550 in Q3 of 2013. • Retail continues to come back with new entries into the

• Nassau County’s largest Industrial lease deal was with

market, including the first IMAX Theatre.

American Security Shredding for 88,000 SF at 3563 Maple Ct., Oceanside.

• Virgin Galactic will start commercial flights into outer space

• Long Island’s largest Industrial sale YTD is the 160,472 SF

in early 2014.

Seaview Commerce Center in Port Washington.

• The most notable Long Island Office Sale YTD was a 130,000 SF Woodlands Office Park in Hauppauge.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Las Colinas

4801 Lang Ave. NE Suite 100 Albuquerque, NM 87109 (505) 897-7227

www.lcrealty.com

Coldwell Banker Commercial Rosner & Associates

3124 Expressway Dr. S Islandia, NY 11749 (631) 232-4400

www.cbcli.com

NY - New York City

NC - Greensboro / Guilford County

DEMOGRAPHICS CBSA

NY- Northern NJ- Long Island

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,726

19,124,092

7,086,346

$65,253

7,711,074

8.20%

CBSA

GreensboroHigh Point, NC

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,003

718,798

293,024

48,894

327,852

9.70%

MARKET HIGHLIGHTS

• Notable Office lease signings in 2013: Simpson Thacher &

• Investors are starting to look again for investment

• The Office vacancy rate in the New York City market area

• The Retail market seems to be improving. • New Multi-Family development projects are underway. • Some new businesses are beginning to move to the Triad

Bartlett LLP 522,862 SF (Midtown); Yahoo! Inc. 176,201 SF (Midtown); Facebook 156,948 SF (Midtown); Morgan Stanley 148,421 SF (Midtown); AppNexus 128,605 SF (Midtown).

properties.

increased to 7.3% at the end of Q2 2013.

• Net absorption for the overall New York City Office market

area.

was negative 750,558 SF in Q2 2013.

• The healthcare industry continues to grow and expand

• The average quoted Office rate within the class A sector was

facilities throughout the Triad.

$57.42 at the end of Q2 2013, class B $47.27, and class C rates were $40.58.

• Home sales are up and inventory is short in some price points.

• Total Office building sales activity in 2013 was up compared to 2012. In the first three months of 2013, the market saw 13 Office sales transactions with a total volume of $2,234,277,000.

• Total Office inventory in the New York City market area

amounted to 547,270,438 SF in 3,916 buildings at the end of Q2 2013.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Alliance

1430 Broadway 9th Floor New York, NY 10018 (212) 344-0300

www.cbcalliance.com

Coldwell Banker Commercial Triad, Realtors

1505 Westover Terr. Greensboro, NC 27403 (336) 288-8957

www.cbctriad.com

NC - Piedmont Triad

NC - Wilmington

DEMOGRAPHICS CBSA

GreensboroHigh Point, NC

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,003

718,798

293,024

48,894

327,852

9.70%

CBSA

Wilmington, NC

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,924

357,853

151,270

50,107

126,764

9.40%

MARKET HIGHLIGHTS

• VA Clinic to open in Kernersville. • FedEx Ground is expanding. • Ashley Furniture is expanding in Davie County. • Ruger is expanding to Mayodan, bringing 500 jobs. • The residential market is on the rise. • This area offers perfect logistics for the East Coast.

• Wilmington Dermatology moves to Mayfaire. • Retail occupancy rates on the rise, as there is no new construction.

• More apartments are being built, especially in the student housing sector.

• Residential sales are moving up along with average sales price.

• Interest is growing in most sectors with the exception of Warehouse and Industrial.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Triad, Realtors

285 S. Stratford Rd. Suite 251 Winston-Salem, NC 27103 (336) 748-5363

www.cbctriad.com

Coldwell Banker Commercial Sun Coast Partners

1430 Commonwealth Dr. Suite 102 Wilmington, NC 28403 (910) 350-0925

www.cbcsuncoast.com

ND - Fargo / Moorhead

OH - Cincinnati

DEMOGRAPHICS CBSA

Fargo, NDMN

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,810

202,280

86,119

$53,008

105,993

3.60%

CBSA

Cincinnati, OH

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,398

2,179,105

856,456

$58,530

932,959

7.40%

MARKET HIGHLIGHTS

• Manufacturing of agricultural equipment remains a large

• Cincinnati ranked eighth among the largest U.S. metro

export for this area.

areas for corporate facility expansion and new construction projects for 2012, according to Site Selection Magazine.

• Due to the increase in residential building, building material

• CVG was named the best regional airport in North America

companies have needed more space which in turn has lowered vacancy rates.

for the third consecutive year. The results are based on 39 airport service and product factors, including checking, arrivals, transfers and gate departures, gathered from 12 million passengers and covering 385 airports.

• Developers continue to build Multi-Family properties in

Fargo / Moorhead. The vacancy rate is approximately 3%, and the market is adding about 1,000 units this year.

• Xavier University will start construction on University Station,

• New home construction continues to be strong. • The market is seeing some positive effects of the oil boom

a $54 million Mixed-Use development near its campus.

• Kroger has signed on to be the anchor tenant at the new

out in the western portion of North Dakota. Investors look at the Fargo area as a stable economy and are always looking to invest here.

Oakley Station development. The 145,000 SF store will be the largest Kroger in the country.

• UC Health plans to build a $135 million tower to expand West

• Fargo-Moorhead is a regional hub for Medical and continues

Chester Hospital.

to see growth in that sector.

• Cincinnati will be the new home of a 64 acre Mixed-Use

development known as Liberty Center. Construction of the 1.1 million SF project will begin this fall and will be complete in the spring of 2015.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial First Realty

2731 12th Ave. S. Fargo, ND 58106 (701) 237-3369

www.cbcfirstrealty.com

Coldwell Banker Commercial Reliant Realty

1125 West 8th St. Suite 200 Cincinnati, OH 45203 (513) 241-8725

www.cbcreliantrealty.com

OH - Cleveland

OK - Oklahoma City Metro

DEMOGRAPHICS CBSA

ClevelandElyriaMentor, OH

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,004

2,090,148

838,741

54,591

954,471

7.70%

CBSA

Oklahoma City, OK

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

5,518

1,237,539

500,869

$57,129

502,994

5.40%

MARKET HIGHLIGHTS

• The Cleveland Medical Mart became the Global Center for

• A new outlet mall (2 years old) is adding 34,000 SF of space. • Vacancy is falling because of the strong aerospace and

Health Innovations.

• Cleveland’s Retail vacancy is 8.5% (Down). • Ernst & Young Tower’s 27,600 SF was leased. • Western Reserve Partners expanded and renewed its lease. • Cleveland’s Industrial vacancy is down to 8.7%. • Rock Caesars Ohio acquired the Higbee Building and is

energy industry.

• OKC has more construction cranes operating now than any city in the US.

• B and C Apartments have become hot. • Most sectors have limited inventory. • OKC has the highest occupancy rate in Hotel rooms in the

planning a walkway.

nation with the exception of Oahu, HI.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Hunter Realty

25101 Chagrin Blvd., Suite 170 Cleveland, OH 44122 (216) 831-2911

www.cbchunter.com

Coldwell Banker Commercial Hocker & Associates

4323 Classen Blvd. Suite 100 Oklahoma City, OK 73118 (405) 840-4545

www.hocker.com

OK - Tulsa, Oklahoma

OR - Portland

DEMOGRAPHICS CBSA

Tulsa, OK

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,281

935,612

372,484

55,286

395,237

5.90%

CBSA

PortlandVancouverBeaverton, OR-WA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,684

2,261,246

878,239

$58,563

952,611

7.50%

MARKET HIGHLIGHTS

• Local expansions added 7,715 new jobs. Baker Hughes had

• Office building sales activity in 2013 was up over 2012 with

a $40 million expansion. Flight Safety opened a $42 million simulator plant. $350 million in private funding will be invested in Downtown Tulsa.

cap rates averaging 7.75%.

• Salesforce.com leased 116,500 SF at Synopsys Technology

Park, accounting for nearly 50% of the quarter’s absorption total.

• While Warehouse vacancy is falling, the supply of Office space is rising.

• Retail vacancy remained stable at 5.5% with over 104 million

• New commercial construction, with the exception of expansion of existing facilities, is at a stand still.

SF in the market.

• K-Mart closed two stores, and Orchard Supply Hardware

• Residential sales have increased 11.26% over 2012. Supply

opened two new locations of approximately 40,000 SF each.

of inventory is down 27.45%. New construction sales for 2012 was 1,443.

• The Industrial market faced negative absorption of 756,798

SF with the moving out of Georgia-Pacific, Sealy Stearns and Benson Industries Inc.

• 4,100 more new jobs exceeding a $50,000 annual salary

were created. Bank financing is increasing in oil and gas production.

• Georgia Pacific relocated within Rivergate Corporate Center from 204,550 SF to 402,250 SF in Phase II.

• Tulsa is a top city for low cost of living as it is #1 in the country for lowest cost of rent.

• There is a new emphasis on the Arkansas River Development Plan.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Select

4408 S. Harvard Ave. Tulsa, OK 74135 (918) 712-4311

www.cbcworldwide.com

Coldwell Banker Commercial Mountain West Real Estate

960 Liberty St. SE Suite 250 Salem, OR 97302 (503) 587-4777

www.cbcre.com

OR - Salem

OR - Southern

DEMOGRAPHICS CBSA

Salem, OR

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,925

399,131

148,354

$49,102

119,269

8.70%

CBSA

Medford, OR

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,785

201,887

80,376

$48,826

74,943

10.00%

MARKET HIGHLIGHTS

• First American Title Company and Waddell & Reed executed

• Pacific Retirement Services is moving to Downtown Medford. • Retailers are leasing up Class A sites. Retail vacancy is

leases in The Meridian for new commercial space.

• Several new medical Office projects are under construction

decreasing.

including Boulder Creek and PacTrust Medical in South Salem.

• Owner / user building construction is on the upswing. • Residential subdivision Land is being purchased. • Economic optimism is increasing CRE activity. • The Southern Oregon wine industry is becoming nationally

• Ross Dress for Less opened in Salem Center, downtown Salem’s regional mall.

• Panera Bread will be under construction soon as a new South Salem restaurant with a drive-thru.

recognized.

• Power Nissan auto dealership will be relocating from Market St. to Mission St. / Hwy 22 prior to year-end. • The downtown Statesman Journal facility is available for sale as printing processes are moved out of town. They will be looking for new office space in the downtown area.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Mountain West Real Estate

960 Liberty St. SE Suite 250 Salem, OR 97302 (503) 587-4777

www.cbcre.com

Coldwell Banker Commercial NW

1744 E. McAndrews Rd. Suite J Medford, OR 97504 (541) 772-1168

www.cbcommercialnw.com

PA - Northeastern

PA - Philadelphia, Northern Suburbs

DEMOGRAPHICS CBSA

ScrantonWilkesBarre, PA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,747

549,920

233,775

45,396

245,015

9.50%

CBSA

PhiladelphiaCamdenWilmington, PA-NJ-DE

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,630

5,979,545

2,318,224

$65,847

2,533,973

8.40%

MARKET HIGHLIGHTS

• Commonwealth Health Systems is purchasing properties and

• Medical Office space absorption is up. • Center City Philadelphia activity is fairly strong, but as you go

businesses in the area.

• Mohegan Sun Casino is building a large hotel and convention

north into suburbs, leasing and sales activity is slow.

center.

• Tertiary markets like Bucks County, just north of

• Development of the Retail market continues to expand in

Philadelphia, are negatively affected by slow growth of small businesses which are reluctant to hire or expand space.

Luzerne County.

• Prices are moderately rising, and inventory is declining as the market in this area improves.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Town & Country

651 Northern Blvd. Clarks Summit, PA 18411 (570) 587-5500

www.cbcworldwide.com

Coldwell Banker Commercial CBH

1094 Second St. Pike Richboro, PA 18913 (215) 357-2880

www.cbhcommercial.com

PA - Southwestern

SC - Charleston

DEMOGRAPHICS CBSA

Pittsburgh, PA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

5,280

2,355,582

991,049

$52,255

1,064,896

7.20%

CBSA

CharlestonNorth Charleston, SC

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,591

665,272

262,007

$57,059

253,170

7.30%

MARKET HIGHLIGHTS

• The Office, Retail and Multil-Family vacancy rates in this area

• Boeing continues to show long term commitment to

• Marcellus Shale industry has helped keep the market strong. • Office, Retail, Multi-Family and industrial developments are

• Manufacturing and Distribution companies that rely on deep

are lower than the national average.

Charleston in production, engineering and IT functions. water ports are favoring Charleston over other Southeastern markets.

strong in this market.

• Office demand is outpacing the local supply, which may lead

• Pittsburgh was not hit as hard as other areas by the

to new development.

downturn in the economy. Now that the economy is recovering, this market is even stronger.

• There are very few high cap investment properties. • The residential market is looking at double digit price

increases and there has been another development boom.

• Charleston continues to appear in the top tier of per capita population growth projections.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial NRT - Pittsburgh

9600 Perry Hwy. Suite 200 Pittsburgh, PA 15237 (412) 548-1064

www.cbcnrtpittsburgh.com

Coldwell Banker Commercial Atlantic International, Inc.

3506 W. Montague Ave. Suite 200 Charleston, SC 29418 (843) 744-9877

www.cbcatlantic.com

SC - Columbia

SC - Greenville

DEMOGRAPHICS CBSA

Columbia, SC

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,701

751,082

300,796

$52,689

287,817

7.90%

CBSA

GreenvilleMauldinEasley, SC

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,002

644,419

263,044

$49,487

288,021

7.40%

MARKET HIGHLIGHTS

• Major tenant move-ins in 2013: Dana Corp 152,945 SF, Price

• Greenville was selected for first Cabela’s location in the

Waterhouse 61,433SF, and Golfsmith 23,500 SF.

Southeast, to be located at Magnolia Park. Tenants include Regal Cinemas, Rooms To Go and many other food and entertainment operations.

• Vacancies are falling due to little to no new construction

across market segments. This, coupled with rates falling, has led to existing spaces being absorbed.

• BMW announced another sales record and a $900 million expansion to its plant. Also, a 400,000 SF Warehouse operation is planned adjacent to Charleston Inland Port.

• New Construction in 2013: Industrial - one building of 3000 SF; Office - none; Retail - 3 buildings totaling 91,045 SF.

• Further Hotel development is planned for CBD. • Multi-Family development continues downtown with 160

• Residential housing has seen sales increase, primarily with

new construction as homes are being built for $60-$80 PSF, and resale prices are down 10 -30%. This has caused sales units to increase 20% +/-.

units under construction in West End and another 200 units in the planning and approval stage.

• The biggest change in the Columbia market in 2013 is

• An 800 acre Industrial site on south side of town is being

• Ft. Jackson in Columbia is the US Army’s main production

• Downtown Main St. Retail is buoyed by the arrival of Brooks

expansion at the University of South Carolina and an influx of student housing.

touted as a premier development site in the state. State site certification will be complete during Q3.

center for Basic Combat Training. The fort trains 50% of the Army’s basic training load, over 36,000 basic training and 8,000 advanced individual training soldiers every year.

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

Rental Rates

Brothers and Anthropologie.

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial United, Realtors

1711 Gervais St. Suite 300 Columbia, SC 29201 (803) 799-4663

www.cbccarolinas.com

Coldwell Banker Commercial Caine

117 Williams St. Greenville, SC 29681 (864) 250-2800

www.cbccaine.com

SC - Myrtle Beach

SC - Spartanburg

DEMOGRAPHICS CBSA

Myrtle BeachConwayNorth Myrtle Beach, SC

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,134

266,384

110,858

43,184

112,291

8.60%

CBSA

GreenvilleMauldinEasley, SC

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,002

644,419

263,044

$49,487

288,021

7.40%

MARKET HIGHLIGHTS

• The SC Ports Authority held the groundbreaking for the Inland

Port in Greer with completion expected fall of 2013. The $25 million center will take containers from the port of Charleston and deliver them by rail to the I-85 corridor and act as a distribution point to truck and air freight companies.

• A new Target opened at 544 and 17 bypass. The Tanger Outlet was expanded. 12,000 new college bedrooms were added at Coastal Carolina University. Additional new openings include: 20,000 SF Golfsmith store at Coastal Grande; 14,000 SF CVS at Carolina Forest; 2 new Bojangles, one at Carolina Forest and another at TPC Prince Creek.

• The Inland Port, along with BMW and Michelin, has created great

interest in the Industrial market, where inventory is low. Greer Economic Development and Spartanburg Economic Futures Group have had close to 200 inquiries and over 50 visits due to last year’s announcement of the Inland Port and BMW expansion.

• Vacancy is down due to better demand and very little new construction. • New $200 million Myrtle Beach International Airport

• The largest transaction that occurred within the last year in the

terminal has now finally opened.

Spartanburg market is the sale of Amazon Distribution. The 1,015,740 SF Industrial building sold for $63,300,000, or $62.32 PSF (6.22% cap rate). Amazon continues to hire, adding another 100 jobs this fall.

• Foreclosures are clearing out, and standing inventory prices are improving.

• Seller attitudes are better. • The golf market is still soft, but improving. • The market is home to Myrtle Manor, a reality TV show on

• The downtown Apartment market continues to thrive with

the completion of the Magnolia Lofts, a $2.7 million, 27 unit Apartment building, and construction is underway in the renovation of the 63 year old Schuyler Building, a 13 story building that will have 2 fitness centers, a penthouse, and coffee shops and Retail to complement the apartments.

TLC Network.

• Purpose Built Communities teams up with various organizations

to provide expertise and consulting in the planning of the mixed income housing and Mixed-use commercial redevelopment of the City’s northern downtown area.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Chicora Real Estate

10225 North Kings Hwy. Myrtle Beach, SC 29572 (843) 272-8700

www.cbcommercialchicora.com

Coldwell Banker Commercial Caine

340 E Main St. Suite 100 Spartanburg, SC 29302 (864) 342-2322

www.cbccaine.com

SC - Sumter

SD - Rapid City

DEMOGRAPHICS CBSA

Sumter, SC

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

665

104,624

39,583

45,494

33,348

9.90%

CBSA

Rapid City, SD

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,247

125,797

50,124

52,281

51,878

3.80%

MARKET HIGHLIGHTS

• Continental Tire is nearing completion of their 1 million SF

• Wal-Mart opened a second store. • Vacancy is minimal. • New construction is on the rise. • Units sold is up, and sellers are able to hold on price. • The amount of sellers that are move-up buyers is on the rise.

plant.

• The housing market is picking up. • Starbucks and Aspen Dental were completed. • The Georgia Pacific OSB plant started production. • Caterpillar completed its expansion. • Downtown revitalization is heating up.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Cornerstone

38 N. Main St. Sumter, SC 29150 (803) 778-1139

www.cbccornerstone.com

Coldwell Banker Commercial Lewis Kirkeby Hall RE

2700 West Main Street Rapid City, SD 57702 (605) 343-2700

www.cbcworldwide.com

TN - Chattanooga Metro

TN - East

DEMOGRAPHICS CBSA

Chattanooga, TN-GA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,089

526,490

211,265

$47,279

208,265

8.50%

CBSA

Knoxville, TN

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,857

702,994

297,456

$48,362

307,125

7.50%

MARKET HIGHLIGHTS

• A new Amazon distribution center opened, providing over

• Kimberly Clark moved its regional office from downtown

2,000 new jobs in the area.

Knoxville into a part of the former Goody’s corporate office complex in west Knoxville.

• Volkswagen’s production has surpassed expectations. The

company is considering expanding the plant to produce a new line of SUVs. Two shifts are operating in the existing plant, and a third shift is possible.

• The economy continues to improve, causing vacancy rates for

• Wacker Chemie AG is constructing a $1 billion facility in Bradley County. Initial employment will be approximately 500 highly skilled workers. The new integrated site is Wacker’s first polysilicon production facility outside Germany.

up to 350 Apartment units, a 150 room hotel, and 225 units of student housing, plus Office and Retail space at the former Baptist Hospital site on the south side of the Tennessee River in Knoxville.

most sectors to either decline or remain steady.

• Georgia-based Blanchard & Calhoun Commercial is planning

• A new 300 acre Industrial site has just become available in

• The Residential market continues to improve with houses

southern McMinn County, just across the Hiwassee River from Bradley County. The site has highway and railroad access. It is less than six miles from Interstate 75.

in the $400,000 and under price point in particularly high demand.

• Because the main campus of the University of Tennessee is

• Industrial sales and demand have increased over the last

located in Knoxville, the student housing market continues to expand with four major projects either announced or under construction.

year while Retail activity remains virtually flat.

• The Cleveland / Bradley County area is home to 12 Fortune

• Knoxville is at the gateway to the Great Smoky Mountains

500 companies. This market is positioned for tremendous growth in the next 5 years. In addition to the new and existing manufacturing facilities, many supporting suppliers are looking to relocate to the area.

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

National Park which has about 10 million visitors annually, making it the most visited national park.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Hamilton & Associates

2650 Peerless Rd. Cleveland, TN 37312 (423) 476-5535

www.hamiltoncommercial.com

Coldwell Banker Commercial Wallace & Wallace, Realtors

124 N. Winston Rd. Knoxville, TN 37919 (865) 690-1111

www.cbcww.com

TN - Nashville

TX - Abilene

DEMOGRAPHICS CBSA

NashvilleDavidsonFranklin, TN

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

5,687

1,595,554

635,077

$56,636

725,719

7.10%

CBSA

Abilene, TX

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,745

160,753

64,687

43,771

60,543

5.70%

MARKET HIGHLIGHTS

• The new Nashville Convention Center is open. • Tractor Supply Company’s new corporate headquarters is

• The market is strong and steady. • The local economy is diversified. • There is strong influence from wind energy, oil and gas. • There is strong influence from Dyess AFB, home of the B1

under construction in Brentwood.

• Life Point Hospital Group’s new corporate headquarters is under construction in Nashville.

Bomber.

• General Motors is investing $350 million to expand the

• Possible future growth from Cline Shell oil exploration just

Spring Hill Plant.

west of Abilene.

• Nissan is adding 900 jobs at the Smyrna plant. • A new Hyatt Hotel is announced for Downtown Nashville.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

• Growth continues in the Medical area with the addition of Texas Tech Pharmacy and Nursing School.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Professionals

114 Cool Springs Blvd. Franklin, TN 37067 (615) 465-3737

www.cbcworldwide.com

Coldwell Banker Commercial Panian & Mash

2500 S Willis Abilene, TX 79605 (325) 690-4040

www.cbcworldwide.com

TX - Amarillo

TX - Austin

DEMOGRAPHICS CBSA

Amarillo, TX

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

3,660

247,964

97,166

$46,698

89,400

5.30%

CBSA

AustinRound Rock, TX

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

4,224

1,730,983

665,762

$57,641

622,577

5.80%

MARKET HIGHLIGHTS

• Increased national and regional Retail space demand is

• Forbes lists Austin with the sixth lowest unemployment rate

bumping into a lack of available Class A Retail space.

of America’s Hardest Working Cities with the fifth highest hours worked per capita.

• Soncy Market, anchored by United Supermarket is 50%

• New developer and health care provider makes its debut

preleased with occupancy not available until Q1 2014.

with the construction of a $135 million surgical hospital near State Hwy. 45 and La Frontera Boulevard.

• Interest in single-tenant freestanding buildings or build-to-

suit sites is brisk with multiple location choices available for those tenants or their developers.

• Austin was tagged by Daily Beast website as the most

aspirational city in the nation. This means the Capital City attracts ambitious citizens. The rankings focus on employment growth, per capita income, growth among immigrant residents and quality of life factors, including traffic congestion.

• Retail sales are up 5.37% for the first 5 months of 2013. • The single-family residential market is up nearly 10%

through the first half of 2013 and could end up as the best year since 2007.

• Cypress Real Estate Advisors, an active Multi-Family

• Multi-Family occupancies and rental rates are strong

developer, planned a four to five story Mixed-Use project, dubbed Burnet Marketplace, for early next year.

currently, but new projects under construction or in the planning stage will most likely soften occupancy and rental rates by year end or early 2014.

• Ground breaking for the $350 million, 50 story, Fairmont Hotel planned for downtown will occur in November.

• Cousins Properties that brought the Frost Bank Tower to the Austin skyline, is now breaking ground on a 29-story downtown Office tower.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial First Equity, Realtors

2101 S. Coulter Amarillo, TX 79106 (806) 354-3500

www.cbcamarillo.com

Coldwell Banker Commercial United, Realtors

2121 Sage Rd. Suite 150 Houston, TX 77056 (713) 840-5000

www.cbcunitedrealtors.com

TX - Bryan / College Station

TX - Central / South

DEMOGRAPHICS CBSA

College StationBryan, TX

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,106

214,971

88,655

$39,968

60,491

6.40%

CBSA

San Antonio, TX

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

7,340

2,093,608

749,986

$52,389

730,244

6.70%

MARKET HIGHLIGHTS

• Bryan / College Station is ranked third on Kiplinger’s

• Activity in the market includes: Federal Government

Personal Finances list of the 10 Greatest Places To Live. It’s because of good jobs, reasonably priced homes, decent schools and great health care.

expansion, NSA, consolidated Military Medical facilities, Halliburton and Baker Hughes.

• Demand for new product exceeds supply.

The market has seen expanded residential growth in new areas.

• #1 in Texas for the highest percentage of people that bike to

work according to a recent U. S. Census. One of only three Texas cities to be designated a “Bicycle Friendly Community” by the League of American Bicyclists.

• Commercial sales are up 18% over 2012, but are subject to

• A major healthcare provider has opened a four story, 120,000

• Existing home sale are up 23% over 2012. New home starts

• Over 34% of the population is employed in education and

• There is continued improvement across the board with

• Residential values are up 7% year over year in true

• Energy exploration and development continues to fuel the

tight lending restraints.

continue to rise. Inventory is low.

SF facility in College Station.

residential leading.

health services.

economy and employment.

appreciation. Volume is up 20%.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial United, Realtors

2121 Sage Rd. Suite 150 Houston, TX 77056 (713) 840-5000

www.cbcunitedrealtors.com

Coldwell Banker Commercial Alamo City

18756 Stone Oak Pkwy. Suite 202 San Antonio, TX 78259 (210) 483-6250

www.cbcalamo.com

TX - Houston

TX - Lubbock

DEMOGRAPHICS CBSA

HoustonSugar LandBaytown, TX

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

8,928

5,937,339

2,084,052

$65,395

2,246,860

6.70%

CBSA

Lubbock, TX

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,799

279,239

111,087

$41,203

101,281

5.80%

MARKET HIGHLIGHTS

• Forbes ranks Houston #10 of America’s Top Ten Hardest

• Jackson Dean Construction has started construction on

• Houston ranks #3 as the most aspirational city in the nation

• The Lubbock economic index, ramrodded by home sales and

• Ground breaking for the new 140,000 SF boutique Office

• Lubbock ranked among the top 20 cities for college students

Working Cities, meaning residents work the greatest number of hours per capita.

an $18.2 million new Costco store including a 151,999 SF Warehouse and a 2,816 SF fuel facility.

for attracting ambitious citizens, according to The Daily Beast.

Retail activity, hit a record high in April, with early indications suggesting no sign of cooling this summer.

tower in River Oaks is scheduled for the end of the year.

in the American Institute for Economic Research’s (AIER) College Destinations Index.

• Allegiance Bancshares Inc. has acquired Independence Bank.

• The Lubbock area unemployment rate fell to 5.8% in August

The deal creates a $1.05 billion bank in Houston and boosts Allegiance Bank Texas’s lending limit.

from 6.4% in July.

• Cousins Properties Inc. is purchasing Greenway Plaza, which

• Lubbock’s expansion is on solid footing as employment

is 92% leased and includes 52 acres, 10 buildings and 4.4 million SF of Office space. The deal is expected to close in September.

continues to reach new highs. Nearly all industries are adding jobs.

• Texas Tech University helped sustain nearly 15,000 jobs and

• Chevron USA is planning to build a new downtown skyscraper

contributed $1.26 billion to the economic pulse of Lubbock County, according to The Economic Impact of Texas Tech University study.

that will be 50 stories with 1.7 million SF of space. Groundbreaking is scheduled for Q2 of 2014 and occupancy beginning in 2016.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial United, Realtors

2121 Sage Rd. Suite 150 Houston, TX 77056 (713) 840-5000

www.cbcunitedrealtors.com

Coldwell Banker Commercial Rick Canup, Realtors

4924 S. Loop 289 Lubbock, TX 79414 (806) 793-0888

www.cbclubbock.com

TX - Rio Grande Valley MSA

TX - Victoria

DEMOGRAPHICS CBSA

McAllenEdinburgMission, TX

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,570

751,544

204,655

$31,886

168,988

11.60%

CBSA

Victoria, TX

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,248

115,980

41,805

$50,344

41,963

6.00%

MARKET HIGHLIGHTS

• Rio Grande Valley Water ports ranked 5th nationally in

• Wal-Mart is poised to open a second Supercenter. • Retail absorption is flat. • Homewood Suites and a Hilton Garden Inn recently opened. • A new Apartment complex broke ground. • Residential pressures are being relieved by new Apartment

binational trade.

• The announcement of a new University of Texas Medical

School & University are sure to impact the Rio Grande Valley.

• SpaceX arrives in Brownsville, TX and will not only change the face of the Rio Grande Valley, but space exploration as well.

buildings.

• The MSA accounted for $13.5 billion in Retail sales in 2012. • McAllen MSA was named fastest growing in the nation by The

• New home development is lagging behind demand.

Fiscal Times in 2012.

• The Rio Grande Valley is the third largest market in Texas behind Houston and Dallas.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial La Mansion

508 E. Dove Ave. McAllen, TX 78504 (956) 631-1322

www.cbclamansion.com

Coldwell Banker Commercial The Ron Brown Company

2505 N. Navarro St. Victoria, TX 77901 (361) 575-8427

www.cbcworldwide.com

TX - Waco

UT - Salt Lake County

DEMOGRAPHICS CBSA

Waco, TX

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,042

234,783

91,531

$44,485

94,029

6.90%

CBSA

Salt Lake City, UT

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

9,539

1,140,107

376,706

$66,176

567,447

5.00%

MARKET HIGHLIGHTS

• Lakewood Center is complete and 100% occupied. • Construction on the largest HEB in Texas is almost complete. • Construction of the new Baylor football stadium is going well. • The Waco Industrial Foundation purchased 630 acres at the

• eBay expands its presence in Utah; plans to hire 1,600 employees.

• Many new restaurants are expanding into Utah including

Dunkin’ Donuts, Freddy’s Frozen Custard, Zaxby’s, Freebirds World Burrito, Mooyah and Popeye’s.

• Vacancy continues to decrease in most property types. • Qualtrics, Royal Bank of Scotland, and Workday are to

southeast corner of I-35 and Hwy 6.

expand in Utah and add 1,500+ jobs.

• Lease rates across most property types are increasing but remain nationally competitive.

• Consumer confidence is beginning to rebound as the

economy improves. This will add more demand for Retail goods and further Retail expansion.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Jim Stewart, Realtors

500 N. Valley Mills Dr. Waco, TX 76710 (254) 776-0000

www.coldwellbankercommercialwaco.com

Coldwell Banker Commercial NRT - Salt Lake City

6550 South Millrock Dr. Suite 200 Salt Lake City, UT 84121 (801) 947-8300

www.coldwellutah.com

VA - Fredericksburg

VA - Lynchburg

DEMOGRAPHICS CBSA

WashingtonArlingtonAlexandria, DC-VA-MD

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

5,627

5,523,778

2,103,127

$84,548

2,492,165

6.00%

CBSA

Lynchburg, VA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,124

248,585

100,680

$46,100

96,796

7.00%

MARKET HIGHLIGHTS

• Investment activity remains very strong coupled with

• Lynchburg will get its first Fresh Market store in the coming

diminishing supply.

months. At the same time, Kroger is in the process of renovating one of its stores into one of the largest Kroger’s in this area.

• Development has been minimal over the last few years; vacancy, slowly but surely, remains on the decline.

• Vacancy rates are falling in Retail but have leveled out in

• The few development deals that are progressing have been in

Office and Industrial since owners tend to be trading tenants back and forth.

the works for quite some time and come with tenants in tow.

• The Residential market is close to fully rebounding with

• Centra Health has broken ground on a $20M medical facility

supply well under 5 months, spurring interest in residential development.

in Gretna, VA, just south of Lynchburg.

• The Residential market continues to see positive growth in

• The market is continuing at a slow, yet steady pace with rents

home sales, especially in the higher end properties.

inching upwards and vacancy slowly declining.

• The Lynchburg unemployment rate is the lowest it has been

• A new minor league baseball stadium and racetrack are

since January 2009.

spurring interest in new areas for future development.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Elite

1201 Central Park Blvd. Fredericksburg, VA 22401 (540) 786-1402

www.cbcelite.com

Coldwell Banker Commercial Read & Co.

101 Annjo Ct. Forest, VA 24551 (434) 455-2285

www.cbcread.com

WA - Clark County

WA - King County

DEMOGRAPHICS CBSA

PortlandVancouverBeaverton, OR-WA

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

6,684

2,261,246

878,239

$58,563

952,611

7.50%

CBSA

SeattleTacomaBellevue, WA

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

5,894

3,433,786

1,373,207

$67,763

1,502,591

5.90%

MARKET HIGHLIGHTS

• The infrastructure for the Port of Vancouver Centennial

• Overall, Puget Sound employment outlook is very positive.

Industrial Park has been completed. The Port is projected to draw in excess of $50,000,000 of new Industrial development to the region.

Amazon, Boeing, Microsoft and many other employers are in expansion mode.

• The Multi-Family sector is still very strong.

• A slowly improving economy is driving absorption. • A great deal of new construction is in the Apartment sector

continue to rise along with sale prices.

Rental rates

• Retail developers and tenants are starting to dip their toes

with roughly a dozen large projects under development. New construction in the other sectors is typically build-tosuits and Retail with strong anchors confirmed in advance of construction commencing.

back into the water. There has been some speculative Land purchases in 2013, and there are a number of national retailers looking at the market.

• Residential developers continue to look for good deals on

• The single-family Residential market is tightening with home

fully developed plats. Most of the fully developed plats have already been purchased, and developers are starting to consider buying raw Land.

prices cautiously increasing. The Multi-Family market is strong; vacancy is low with cap rates for good quality projects holding steady in the high 6% range.

• There is the feeling of “cautious optimism” in this market. • Vancouver has always been considered a secondary market to Portland. The congestion in Portland along with a significantly higher business and personal tax structure along with better home values is encouraging more companies to consider Vancouver.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Jenkins & Associates

300 West 15th St. Suite 201 Vancouver, WA 98660 (360) 699-4494

www.cbcworldwidenw.com

Coldwell Banker Commercial Danforth & Associates

33313 First Way South Federal Way, WA 98003 (253) 874-3200

www.cbcdanforth.com

WI - Janesville / Beloit

WI - Madison, Greater

DEMOGRAPHICS CBSA

Janesville, WI

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

720

160,224

63,135

$54,346

63,044

8.50%

CBSA

Madison, WI

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,738

574,245

242,725

$65,668

281,044

5.20%

MARKET HIGHLIGHTS

• Blackhawk Technical College will be moving its Advanced

• The Spectrum Bands (Rayovac, Remington, etc.)

Manufacturing Training programs into a vacant 104,000 SF manufacturing building in Milton, WI.

headquarters is nearing completion.

• Epic, Promega and other bio/technology companies are

• Two local firms announced expansions: Seneca Foods

expanding.

Corporation, the world’s largest producer of canned vegetables and the leading processor of fruits in the U.S., is adding 80,000 SF to its existing 1.1 Million SF footprint. GOEX, an industry leader in extruding a variety of resins into custom rigid plastic sheet and roll stock broke ground on a 161,000 SF plant. The building alone represents a $5.5 million investment by the company.

• Multi-family construction continues to be very strong. • $50,000,000 Royster Clark redevelopment groundbreaking is scheduled for the fall.

• UW-Madison, the state government, research companies,

medical facilities and Insurance companies are contributing to decreasing unemployment and an improving economy.

• The Industrial sector’s vacancy rate fell another 2% to post a

• Greater Madison is great for employee retention with “high

6% vacancy rate.

quality of life” designations by many national surveys.

• By mid year, the number of housing transactions leveled off,

• Housing market in Dane County continues to improve, with

and average home values are rising about 5% versus the 17% seen last year.

sales increasing 29% YOY. Median prices up 10% YOY. Distressed property transfers account for only 5.6% of the total sales.

• Retail continues to be on the uptick. Quaker Steak & Lube

opens soon at a major I-90 interchange, and pad sites are moving again with Panda Express purchasing a lot near Menard’s. A new strip center is breaking ground in the Kmart Center, and a CVS is nearing completion in front of Big Lots.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial McGuire Mears & Associates

400 Midland Ct. Suite 101 Janesville, WI 53546 (608) 752-6325

www.mcguiremears.com

Coldwell Banker Commercial Success

7609 Elmwood Ave. Suite 102 Middleton, WI 53562 (608) 662-1110

www.cbcommercialsuccess.com

WY - Cheyenne Metro

International Markets DEMOGRAPHICS CBSA

Cheyenne, WY

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,686

89,439

36,986

$60,634

31,977

4.90%

MARKET HIGHLIGHTS

• Strong technological business investments in Cheyenne throughout 2012 with more expected in 2013.

• Multiple Microsoft investments into Cheyenne area include two new $112 million “Cloud” data centers as well as a “green” fuel cell-powered data center designed to run on biogas generated from a local water treatment plant.

• NCAR (National Center for Atmospheric Research) Super

Computer, one of the top 20 super computers in the world, began operations in 2012.

• Swan Ranch Industrial Park development continues to bring regional and national oil and gas operators to the region. Industrial absorption in the area beginning to be dominated by oil and gas.

• Residential values continue to rise with overall sales and

values at their highest levels since 2007. Several large Apartment and Multi-Family developments are scheduled to break ground in 2013.

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT Coldwell Banker Commercial The Property Exchange

255 Storey Blvd. Cheyenne, WY 82009 (307) 632-6481

www.WyomingCommercialBrokers.com

Bermuda

Canada - Aurora, Ontario

DEMOGRAPHICS CBSA

Bermuda

DEMOGRAPHICS

Square Miles

Population

Households

64,268

34,110

Household Income Median

Employees (Total)

Unemployment

$69,183 USD

38,097

6.00%

CBSA

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

53,400

16,100

$157,000

24,537

1.20%

Aurora, Ontario

MARKET HIGHLIGHTS

• A showcase building in the City of Hamilton, located at 141

• Aurora is home to the Magna International headquarters and

Front St., was completed September 2010 and is currently at 80% occupancy.

Statefarm’s national head office.

• Aurora is a highly affluent town about 20kms north of

• Vacancy levels in secondary space have increased due to a

Toronto.

high level of new space on the market at affordable prices.

• New construction currently resides on the east and west side

• Waterloo House, approximately 20,000 SF of premier

of Leslie Street.

waterfront property in Hamilton, is 90% preleased, and completion is due August / September 2013.

• Resale home prices continue to rise in high demand Aurora. • Aurora’s population is expected to reach 70,000 by 2020. • Aurora is the twin city of Leksand, Sweden.

• The inventory of commercial properties listed islandwide for sale has grown tremendously in the last couple of years, but an increased interest and completed sales are starting to be seen.

• Demand remains approximately the same as 2012 but

residential transactions are still down approximately 70% from 2008 records.

• As an island destination, foreigners often look to purchase in Bermuda. The government has recently reduced the licensing fees to 6 and 8% from 18 and 25%.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

Rental Rates

N/A

Rental Rates

CONTACT

Coldwell Banker Commercial Bermuda Realty

11 Par la Ville Rd. Hamilton, Bermuda HM HX +1 (441) 292-1793

www.bermudacommercial.com

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

Canada - Barrie, Ontario

Canada - Innisfil, Ontario

DEMOGRAPHICS CBSA

Barrie, Ontario

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

136,063

51,400

$67,500

97,657

4.30%

CBSA

Innisfil, Ontario

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

109

32,727

13,797

$71,676

12,040

4.30%

MARKET HIGHLIGHTS

• IBM recently opened Smart Data Centre in Barrie. • Low tax rates and high tech employment keep vacancy low. • The Barrie population is one of the fastest growing in Canada. • Housing remains strong in Barrie. • Greenspace just outside the city limits was approved for

• Located just outside Barrie, Innisfil is becoming a high demand community to live in.

• Innisfil’s commercial core is being revitalized to suit new business.

• Innisfil new home contruction is growing by about 6.1% per year.

• Located on Lake Simcoe, cottage lakefront properties are in

development.

high demand.

• The market is host to large amounts of rural areas with a lot of potential.

• Georgian Downs Harness Racetrack is located along the highway in Innisfil.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

Canada - Kelowna / West Kelowna, BC

Canada - Newmarket, Ontario

DEMOGRAPHICS CBSA

Kelowna / West Kelowna, BC

DEMOGRAPHICS

Square Miles

Population

Households

1,142

187,234

67,000

Household Income Median

Employees (Total)

Unemployment

$77,418 CDN

100,278

7.90%

CBSA

Newmarket, Ontario

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

83,000

26,000

$96,680

66,305

1.30%

MARKET HIGHLIGHTS

• Completion of Landmark VI Office tower has provided 216,000

• Magna is still a major employer for the Newmarket area. • Vacancy is falling due to a successful local business climate. • Rapid transit project for Davis Drive nears the halfway point. • Residential development continues in northwest and

SF of class A Office space.

• Target stores have opened two locations in the region

in former Zellers locations that have been substantially renovated and expanded.

• The government health sector, University and Kelowna

southeast sections of the town.

International Airport continue to grow. The high tech sector remains strong.

• Redevelopment of Davis Drive will change the face of Newmarket.

• Residential sales are up, and inventory is slowly decreasing;

• Newmarket is home to Southlake Regional Health Centre and

however values remain flat.

Stronach Cancer Centre.

• The market is a highly desirable lifestyle region of Canada with Kelowna being the largest market between Greater Vancouver and Calgary.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial Horizon Realty

#14-1470 Harvey Ave. Kelowna, British Columbia V1Y 9K8 (250) 763-4343

www.cbcworldwide.com

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

Canada - Orillia, Ontario

Canada - Ottawa, Canada

DEMOGRAPHICS CBSA

Orillia, Ontario

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

30,586

11,234

$56,951

11,324

4.30%

CBSA

Ottawa, Ontario

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

1,801

1,200,000

420,000

$93,280

740,000

6.30%

MARKET HIGHLIGHTS • Overall vacancy rates increased slightly to 7.9% across region: Downtown (up to 7.3%), Suburbs (up to 9.7%) and Kanata (down to 13.5%). Expected further decline for next 2 years as tenants appear concerned about liquidity and possible higher financing rates.

MARKET HIGHLIGHTS

• Casino Rama remains Orillia’s largest employer. • Downtown revitalization brings new small businesses. • The city has experienced moderate growth at rates around

• Active new developments (2014 occupancy): 150 Elgin (350,000

1.9%.

SF Office) and 90 Elgin (646,000 SF federal government Office). Downtown: Alterna Bank (240,000 SF Mixed-Use in Westboro); and Lansdowne Park (373,000 SF Mixed-Use) redevelopment.

• New homes are being constructed in the northwest section of the city.

• The Ontario Provincal Police headquarters remains a large

• Anticipated large Downtown lease opportunities, as result

public sector employer.

of Federal Government’s continued relocation plans to its recently-acquired suburban campus (to reduce occupancy costs). They are not progressing well; over-budget redevelopment expenses and staff relocation unease.

• Orillia is known as the “Sunshine City” or “Mariposa,” taking the moniker from the Sunshine Sketches of a Little Town by Stephen Leacock.

• Residential condo developments continue to be active and in demand for both Residential and Retail clients.

• US retailers continue to establish new locations in Ottawa:

Target, Loews and Tanger Outlets in the suburbs; Nordstrom in Rideau Centre, Downtown.

• The Conference Board of Canada is forecasting real GDP

growth below 2% for the Ottawa Gatineau region and expected to continue into 2014. This is largely a result of staffing cuts to the public administration sector. Ottawa City Hall is grappling with plans for new casino and light rail transit system.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

Coldwell Banker Commercial First Ottawa Realty, Brokerage

1749 Woodward Dr. Ottawa, Ontario K2C 0P9 (613) 692-7780

www.ottawacommercialproperties.com

Canada - Richmond Hill, Ontario

Canada - Trail, British Columbia

DEMOGRAPHICS CBSA

Richmond Hill, Ontario

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

185,541

46,075

$80,121

95,432

3.80%

CBSA

Trail, British Columbia

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

19,208

8,540

$63,237

4,932

6.30%

MARKET HIGHLIGHTS

• Rapid transit via TTC is a major boost to the local economy. • Vacancy is falling due to a successful local business climate. • Yonge Street’s condo development is tremendous. • Most new developments reside along Jefferson Sideroad and

• Trail is strategically located half way between Vancouver and

• Most businesses in Richmond Hill are small businesses,

• New developments in the past 6 years include 4 major

Calgary on the beautiful Columbia River and USA Border.

• Key infrastructure includes Selkirk College, Regional

Hospital, Teck Resources {#1 employer with a high expansion planned} High Tech Junior Companies, E-Waste Recycling and a new state of the art high school.

multiple infill projects across the town.

businesses plus a Walmart.

with more than half of all employers in the town having four workers or less.

• West Kootenay Area is nicely located just 2 hours North of Spokane, Washington, which is a major shopping and transportation hub as well as an international airport.

• Once considered the “Rose Capital of the World”, Richmond

Hill has in recent years seen a huge population upsurge, being Canada’s fastest-growing community since the 1990s.

• This is a highly desirable lifestyle with beautiful ski hills

“currently expanding”, great golf courses, and warm lakes, mountain biking and hiking. Life here is “as good as it gets” with the one of the nicest climates in Canada.

• Trail is the Home of Champions.

The sports programs here produce some of the best players in Canada in Hockey, Baseball, Curling, Skiing, Golfing, Mountain Biking and Swimming.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

Coldwell Banker Commercial 1st Trail Real Estate Ltd.

1252 Bay Ave. Trail, British Columbia V1R4A6 (250) 368-5222

www.cbcworldwide.com

Canada - Vaughan, Ontario

Canada - Waterloo Region, Ontario

DEMOGRAPHICS Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

273,500

288,301

69,535

$84,312

210,100

3.20%

CBSA

Vaughan, Ontario

DEMOGRAPHICS CBSA

Waterloo Region, Ontario

Square Miles

Population

Households

528

553,000

196,420

Household Income Median

Employees (Total)

Unemployment

$77,040 CAD

284,400

7.40%

MARKET HIGHLIGHTS • Marking 20 years since its launch as a University of Waterloo search engine project, OpenText expanded its headquarters with the opening of its Innovation Centre. Revenue tops $1 billion annually at Open Text, Canada’s largest software company.

MARKET HIGHLIGHTS

• Home to Canada’s Wonderland and the McMichael Art Gallery.

• Vacancy is falling due to a successful local business climate. • Industrial development along Hwy. 400 dominates real estate

• Waterloo Region is home to close to 1,000 technology

companies, which generate more than $30 billion in revenues annually and employ about 30,000 people. Competitive business costs and the most diverse economy in Ontario drive the continued expansion of the advanced technology cluster.

development.

• Vaughan is one of southern Ontario’s fastest growing cities.

According to Statistics Canada, the population grew 37.3% in a mere four-year period (more than 9.3% annually).

• The Institute for Quantum Computing at the University of

• The population has doubled since 1991. • Mackenzie Vaughan Hospital is the new hospital proposed

Waterloo, a research centre, is part of an effort by Mike Lazaridis, cofounder of Blackberry, to invent a quantum computer and turn this region into a “Quantum Valley”. $759 million has been invested by various sources, including the federal and provincial governments. A $100 million investment fund, Quantum Valley Investments, was launched in March to recruit the world’s best academic researchers.

along Major Mackenzie Drive (between Highway 400 and Jane Street).

• A shift in the location of building activity has been occurring,

as well as a shift to higher-density housing types. The number of units constructed in reurbanization areas was 48% of all residential units constructed in Waterloo Region in 2012 (1,669 units). Developing within the built up area provides a focus for transit and infrastructure investments, and allows the Region of Waterloo to ensure the development of healthy, safe and balanced communities.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial The Real Estate Centre

2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 737-5700

www.cbtreccommercial.com

508 Riverbend Dr.

Coldwell Banker Commercial Kitchener, Ontario N2K 3S2 Peter Benninger Realty, +1 (519) 743-5211 Brokerage www.coldwellbankercommercial.ca

Canada - Winnipeg Area, Manitoba

Costa Rica

DEMOGRAPHICS CBSA

Winnipeg Area, Manitoba

DEMOGRAPHICS

Square Miles

Population

Households

184

750,000

262,000

Household Income Median

Employees (Total)

Unemployment

$47,000 CND

350,000

5.20%

CBSA

Costa Rica

MARKET HIGHLIGHTS

Square Miles

Population

Households

19,653

4,586,353

1,300,000

Household Income Median

Employees (Total)

Unemployment

$12,600 CRC

2,198,000

7.90%

MARKET HIGHLIGHTS

• CentrePort Transportation hub is located near the

• Starbucks opened operations in Costa Rica. • Vacancy is rising in some sectors due to recent completion of

geographical center of Canada and the US.

• Immigration is putting pressure on all areas. • New major tenants include: Ikea, Cabela’s and Facebook. • Cheap electricity rates are a major draw for manufacturing. • The Canadian Museum of Human Rights is set to open in

new commercial projects.

• The residential market is seeing its largest increase in closed transactions since 2008.

• The Costa Rican government is implementing incentive plans to attract international companies using free trade zones.

2014.

• Major expansion is occuring at the Winnipeg Convention Center.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Vacancy

Absorption

N/A

Absorption

N/A

Rental Rates

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial Preferred

5-1530 Taylor Ave. Winnipeg, Manitoba R23N 1Y1 (204) 985-4300

www.coldwellbanker-winnipeg.com

Coldwell Banker Commercial Costa Rica

50 Meters North of Hotel Roca Verde Dominical, Puntarenas 8000 1-877-211-5275

www.coldwellbankercostarica.com

France - Paris

Guatemala

DEMOGRAPHICS CBSA

DEMOGRAPHICS

Square Miles

Population

Paris, France 4,267,000 65,430,000

Households

Household Income Median

Employees (Total)

Unemployment

N/A

€ 28,248

22,800,000

10.80%

CBSA

Guatemala

MARKET HIGHLIGHTS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

68,056

15,500,000

N/A

4,359,000

4.10%

MARKET HIGHLIGHTS

• Loan rates are historically low (under 3%). • Sales volume strongly declined; prices are stabilizing in

• Guatemala shows a growth of 375% in Foreign Direct

Investment (FDI); and a growth from US $262.2 million to US $1.24 billion from 2003 to 2012. Corporations such as Bimbo, Telefonica, Nestle, Pepsico and Ambev had heavily invested in the country.

Paris and hotspots, and decreasing nationwide.

• Tax cuts for 2013 / 2014 are propitious to market energizing. • New housing construction has slowed down because of tax

• Guatemala seeks to attract more than $1.3 billion in

US investment through a portfolio that includes seven infrastructure projects: industrial park in the border with Mexico, recover the port of Champerico, build a solid and liquid bulk terminal in port St. Tomas, inter oceanic canal, toll highways, international airport and a multimodal port.

reforms.

• France and Paris are the top tourist destinations. • In Paris, the average sqm price has fallen down to 8,206€, the same level as 2011.

• Potential sectors for FDI: BPO´s and technological

infrastructure, renewable energy and oil and mining. Facilities and infrastructure will be demanded for these sectors.

• Low income housing projects are a boom for developers and

constructors. It is estimated that Guatemala will register for a 1.799 million units deficit in 2013, 1.882 units in 2014, and 1.963 units in 2015.

• New construction is mainly represented by vertical construction of residential Apartments. From 107 new projects in the City, 67% are residential buildings. The price range of 35 projects is from $100 USD to $150,000 USD. An 80 unit building is estimated to be 100% reserved in 3 months.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT

Coldwell Banker Commercial France & Monaco

8 Rue Lamennais Paris, Ile de France 75008 +33 01 83 53 53 53

www.coldwellbanker.fr

Coldwell Banker Commercial Master Realtor

5 avenida 555 zona 14 Europlaza, torre 3 oficina 801 Guatemala, Guatemala Guatemala +502 2203 6363

www.coldwellbanker.com.gt

Italy

Mexico - Mexico City

DEMOGRAPHICS CBSA

Italy

DEMOGRAPHICS

Square Miles

301

Population

Households

60,900,000 25,000,000

Household Income Median

Employees (Total)

Unemployment

€ 32,712

22,723,000

11.20%

CBSA

Mexico City, Mexico

MARKET HIGHLIGHTS

Square Miles

Population

Households

571

23,000,000

N/A

Household Income Median

Employees (Total)

Unemployment

$35,000 MXN

8,600,000

3.90%

MARKET HIGHLIGHTS

• Corporate investments were stable in the period 2009 to 2011

• Despite that it’s been merely 2 years since its introduction

(average approximately 4.2 billion) but were reduced to one third in 2012 (1.2 to 1.8 billion) - of which, 40% are Offices and 24% are Hotels.

in the Mexican market, the Infrastructure and Real state Investment Trusts (FIBRA, for its acronym in Spanish), have raised little more than $5.8 billion USD in the Mexican Stock Exchange through five different entities in eight emissions.

• Operators do not predict large drops in prices. The repricing

• The Mexican consortium Alsea, the largest restaurant

in Italy should not be profound; rather, there will be a further decrease of less than 5%.

operator in Latin America, said this week it agreed to acquire 25% of Axo Group.

• Real estate funds in 2012; there was a further increase in

• The Industrial and logistics market is moving in a positive

assets to about €40 billion, although a number of “familiar” funds were penalized by taxation.

way. During the first semester, tenants absorption in Mexico City and its metropolitan area market were faster than the developers construction response, so the average lease prices per sqm increased.

• The composition of funds consists of Offices representing 60%, Commercial 19%, Logistics and Industrial 6%, Residential 3% and the development funds 12%.

• Since Q4 2012, new players, independent investors and

• The Hotel market continues a positive interest in the Arts

investment funds have bought and developed new logistics and Industrial parks; this should make average rent price levels return to their normal rates at the end of 2013.

Cities. Qatar Holding Fund is ready to invest one billion dollars to make the Emerald Coast in Sardinia a luxury tourist hub.

• The Office market total inventory increased by 47% since

• In Shopping Mall Centers, rents are confirmed stable in

2009; and looking forward to 2015, this will increase 24% more.

established centers. The frequent renegotiations and commercialization in the area generally require more time. In the High Street of the main Italian cities, due to limited availability, demand remains strong for the best positions. OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT Coldwell Banker Commercial S.p.A.

• The average rent prices have increased in the past years. OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Via Sardegna, 50 - Galleria del Corso, 2 Rome - Milan, Italy 00187 - 20122 +39 06 3974 0456 - +39 02 8991 9232

www.cbcommercial.it

Coldwell Banker Commercial Mexico

Montes Urales 415 - 1 Lomas de Chapultepec Mexico, Mexico 11000 55 41621000

www.cbcmexico.mx

Puerto Rico

Spain - Barcelona & Cataluña Region

DEMOGRAPHICS CBSA

Puerto Rico

DEMOGRAPHICS

Square Miles

Population

Households

3,562

1,278,000

855,621

Household Income Median

Employees (Total)

Unemployment

$32,182 USD

602,520

13.60%

CBSA

Barcelona & Cataluña Region, Spain

MARKET HIGHLIGHTS

Square Miles

1,399

Population

Households

46,800,000 17,100,000

Household Income Median

Employees (Total)

Unemployment

€ 17,960

16,900,000

26.00%

MARKET HIGHLIGHTS

• Several major franchises are looking at opening inside the

• Construction sector in Spain is on the up. Eurostat registered

island.

an increase of 4.4% in May compared to April – the largest increase across the whole of the European Union (EU). National activity grew by 8.2% year-on-year.

• Commercial Real Estate prices are favorable for prospective buyers.

• AXA Real Estate Investment Managers bought Barcelona

• Foreign Investors are visiting the island and prospecting. • Consumer product purchase is high. • New airport expansions are planned for the San Juan

Office buildings from the Catalan government in May for 172 million Euros. This is its second country purchase in five years.

• The lack of funding for local investors has opened

International Airport.

possibilities for foreign investors who are taking advantage of commercial property price drops.

• Incentives for tourist base companies are on the rise,

promoting an attractive opportunity in the Hospitality sector.

• Ernst & Young estimate that the Spanish economy will fall by 1.7% in 2013 and then rebound by 0.2% in 2014 and by 1.5% between 2015 and 2017.

• There is an empty residential property decline in Cataluña

and the Balearic Islands. Nationally, over the past decade the number of empty homes nationwide has increased by 336,943 units.

• Property prices continue to fall. According to Tinsa, the price

of housing in Spain fell by 10.5% in Q2 of 2013. This is a slight improvement from the decrease of 12.1% in Q1, 2013. Since the peak in Q4, 2007, house prices have accumulated a drop of 37.1%.

OFFICE

retail

industrial

multy-family

OFFICE

retail

industrial

multy-family

Vacancy

N/A

Absorption

N/A

Rental Rates

N/A

CONTACT

Coldwell Banker Commercial KF Real Estate

530 Constitution Ave. San Juan, Puerto Rico 00901 (787) 433-0077

www.cbcommercialpr.com

Coldwell Banker Commercial Spain

Avda. Diagonal 433, 3º 2ª Barcelona, Cataluña 8036 (+34) 93 241 3082

www.coldwellbanker.es

United Arab Emirates - Dubai

DEMOGRAPHICS CBSA

Dubai, U.A.E.

Square Miles

Population

Households

4,110

2,170,901

203,140

Household Income Median

Employees (Total)

Unemployment

$4,972.37 USD

1,325,949

N/A

MARKET HIGHLIGHTS

• The Infinity Tower in Dubai Marina features a 90 degree twist

and is 310 metres high. The Dh1 billion Infinity Tower in Dubai Marina, the world’s tallest tower featuring a 90-degree twist, has been completed.

• The latest Prime Global Rental Index report by UK-based

consultancy reveals rents in the emirate rose by 18.3% in the year to March. Rental values in Dubai are up 10.1% in the last six months while they rose by 3.5% in the first quarter of 2013.

• Dubai house prices increased at the fastest pace in world

during the year to Q1 2013, in the list of 42 global cities surveyed by the Global Property Guide. The organization, which collates real estate data from across the world, said in its report that prices soared by 28.02%.

• The Dubai Land Department is in the process of issuing seven new legislations in the next two years in order to regulate the real estate market in the emirate and protect it from speculation and harmful practices.

• A successful Dubai Expo bid could result in over 25 million visitors to Dubai between October 2020 and April 2021 and will give a strong boost to the economy, creating an estimated 277,000 additional jobs. The bid result will be announced in November 2013. OFFICE

retail

industrial

multy-family

Vacancy

Absorption

Rental Rates

CONTACT Coldwell Banker Commercial UAE (Mega Homes Real Estate)

Suite 2804, The Citadel Corporate Tower, Business Bay Dubai, Dubai P.O. Box 73618 +971 4 439 1200

www.coldwellbanker-ae.com

INDEX BY MARKET Abilene, TX Albuquerque / Bernalillo County, NM Amarillo, TX Anchorage, AK Antelope Valley, CA Athens, GA Atlanta, Greater MSA, GA Austin, TX Billings, MT Bloomington / Normal, IL Boca Raton, FL Boise, Idaho, ID Bryan / College Station, TX Central, MN Central & Northern, NJ Central / South, TX Champaign / Urbana, IL Charleston, SC Charlotte County, FL Chattanooga Metro, TN Cheyenne Metro, WY Chicagoland, IL Chico, CA Cincinnati, OH Clark County, WA Cleveland, OH Coeur d’Alene, ID Columbia, SC Columbus, GA Dalton / Whitfield County, GA Daytona Beach / Ormond Beach, FL Deltona / Daytona Beach, FL Denver, CO East, TN East Central Indiana, IN Eastern, ID Fairfield County, CT Fargo / Moorhead, ND Florida Keys / Key West, FL Fort Myers / Naples, FL Fredericksburg, VA Gainesville, FL Garden City Grand Junction / Mesa County, CO Greensboro / Guilford County, NC Greenville, SC Gulfport / Biloxi, MS Hinesville / Fort Stewart, GA Honolulu, HI Houston, TX Houston County, AL Indian River County, FL Indianapolis, IN Inland Empire North / Victor Valley, CA Jacksonville, FL Janesville / Beloit, WI Kansas City Meto Area, KS King County, WA Lafayette, LA Lake Oconee Trade Area, GA Lakeland / Winter Haven, FL Lexington, KY Lincoln, NE Little Rock, AR Long Beach / South Bay, CA Long Island, NY Louisville Metro, KY Lubbock, TX Lynchburg, VA Madison, Greater, WI Mankato, MN Marietta, GA Melbourne / Brevard County, FL Melbourne / Palm Bay / Titusville, FL Midcoast and Southern, ME

58 45 59 5 6 25 26 59 42 32 16 30 60 39 43 60 32 53 17 57 67 33 7 48 65 49 31 54 26 27 17 18 14 57 33 31 15 48 18 19 64 19 34 15 46 54 41 27 30 61 4 20 34 7 20 66 35 65 37 28 21 35 42 6 8 45 36 61 64 66 40 28 21 22 38

Middle Georgia, GA Minneapolis Metro, MN Modesto, CA Montgomery, AL Morris County, NJ Myrtle Beach, SC Napa & Sonoma Valleys, CA Nashville, TN New Orleans, LA New York City, NY Newport Beach, CA North Los Angeles County, CA North State, CA Northeastern, PA Northern, MI Northern, NJ Oakland / East Bay, CA Ocala, Marion County, FL Oklahoma City Metro, OK Orange County, CA Philadelphia, Northern Suburbs, PA Piedmont Triad, NC Port Orange / New Smyrna Beach, FL Portland, OR Rapid City, SD Reno / Sparks, NV Rio Grande Valley MSA, TX Riverside / Corona Valley, CA Riverside / South West, CA Roseville / Placer County, CA Salem, OR Salt Lake County, UT San Mateo County, CA Sarasota / Manatee / Charlotte, FL Savannah, GA Sedona, AZ Southern, KY Southern, OR Southwestern, PA Spartanburg, SC St. Joseph, MO St. Lucie County, FL Sumter, SC Sussex County, DE Tallahassee, FL Tampa Bay, FL Tulsa, Oklahoma, OK Victoria, TX Waco, TX West Los Angeles, CA Western, MI Wilmington, NC

29 40 8 4 44 55 9 58 37 46 9 10 10 52 38 44 11 22 49 11 52 47 23 50 56 43 62 12 12 13 51 63 13 23 29 5 36 51 53 55 41 24 56 16 24 25 50 62 63 14 39 47

INTERNATIONAL Bermuda 68 Canada Aurora, Ontario 68 Barrie, Ontario 69 Innisfil, Ontario 69 Kelowna / West Kelowna, BC 70 Newmarket, Ontario 70 Orillia, Ontario 71 Ottawa, Canada 71 Richmond Hill, Ontario 72 Trail, British Columbia 72 Vaughan, Ontario 73 Waterloo Region, Ontario 73 Winnipeg Area, Manitoba 74 Costa Rica 74 France - Paris 75 Guatemala 75 Italy 76 Mexico - Mexico City 76 Puerto Rico 77 Spain - Barcelona & Cataluña Region 77 United Arab Emirates - Dubai 78

Sources of Information 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.

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