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Q&A: Where do I find historical cap rates and average sales price per square foot for commercial real estate?
Jun 29th
Question by Matthew C: Where do I find historical cap rates and average sales price per square foot for commercial real estate?
On a national and regional basis, I am looking for either average capitalization rates or average sales prices per square foot for the different income producing property types (mainly multifamily, retail, office, and lodging) for the entire US and its different regions going back at least 15 years for research purposes. It does not need to be broken down by class. Does anyone know where I can find this kind of data? Thanks.
I have already searched on REIS and Realty Rates, but they do not go back very far.
Best answer:
Answer by cactusgene
The Urban Land Institute will sell you all kinds of reports (expensive). But here is what I found, and some of it is free:
http://www.babsoncapital.com/BabsonCapital/http/bcstaticfiles/Research/file/ReCap%20Rates%20Research%20Note_RN4238_Jun09_SC.pdf
http://www.caprates.net/
http://nreionline.com/distressedinventory/good_hedge_against_inflation_0412/index.html
Know better? Leave your own answer in the comments!
Group Boston Real Estate’s Michael Carucci Brokers the Sale of 254 Newbury Street in Boston, Massachusetts
Jun 24th
Group Boston Real Estate’s Michael Carucci Brokers the Sale of 254 Newbury Street in Boston, Massachusetts
The Mount Vernon Company, a Boston based real estate developer, sold the property to Gurbir-Tanu LLC, for a purchase price of ,250,000.00.
Read more on PRWeb via Yahoo! News
Commercial Real Estate Prices Just Hit A New Post-Bubble Low
Moody’s reported that the Moody’s/REAL All Property Type Aggregate Index declined 3.7% in April.
Read more on Business Insider
Real Estate News: Montreal’s City Planners Turn Creative
Here is a look at real-estate news in today’s WSJ:
Read more on Wall Street Journal Blogs
Miami Real Estate – Portico Project – Miami Investment Property – Owner Financing
Jun 12th
www.ezfinancehomes.net The Portico project is strategically located near the bay and downtown Miami and currently available at a steep discount. Asking price is only 9.75M with possible owner financing, (was previously listed for 21 million dollars on cash only basis and under contract for 18 million dollars). This is the last site in the Margate Pace Park subdivision which is steps from the New World Symphony and performing art center. A very unique location. Award winning site from world-renowned ARQUITECTONICA and a top seller at some point. An additional million dollars in construction documents are available. Approvals are in place to potentially allow the buyer to build a mixed use project for any combination of HOTELS (648 units), APARTMENTS (324 units) and/or OFFICES (378367 square-feet), in addition to an assisted living facility, time-shares, etc. There is no site like this available anywhere in the city with such high density and close proximity to the bay. The possibilities are limitless for this very flexible mixed-use zoning. This site is a steal for such a premium location and will also make for a great land bank opportunity with such close proximity to the bay. Please make all reasonable offers. Owners will finance at excellent rates and will require approximately a 30%-35% down-payment. The owner financing is another advantage to your buyer since institutional financing is still difficult to come by. The market is stabilizing rapidly. Next door, a new …
bit.ly Survival Mode! Make Your Own Solar Panels
Video Rating: 5 / 5
Default America: Commercial Real Estate
Jun 9th
2nd Wave Commercial Real Estate – 2:05 NATS – Roadway 0:04 [SUPER] Cody Jennings – Videographer cjenning@ksla.com “In general what happens in recession is consumers stop buying. There’s always going to be a time where we just look in the store windows and we say, there’s just nothing I want. I’m going to go home”. 0:11 [SUPER] Chris Combs – Professor of Economics – Louisiana State University “We may window shop but we don’t see anything that we actually want to take out our wallets and hand over our hard earned dollars for”. 0:18 [SUPER] Tim Shaughnessy – Professor of Economics – Louisiana State University “Most people if you ask them how the economy is doing they are going to think about their job first”. NATS – Chain “And so when there’s ten percent unemployment they are going to say the economy is not doing well”. NATS – Wench “I drive down Youree Drive and relatively speaking things are going well but in the middle of a slow down we still see these things going up. You still see these strip malls and I think well it has to be because they consider it a fixed cost. They have already paid for this, they’ve already got the loan”. “Everyone has pointed to the fact that there has been no liquidation”. 0:48 [SUPER] Joe Salerno – Professor of Economics – Lugwig Von Mises Institute “Of the prices of commercial real estate. That is that they have not returned to levels that many people would see as realistic. So that certainly could be a second wave”. NATS – Hammer Time …
Video Rating: 5 / 5
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Where do I find historical cap rates and average sales price per square foot for commercial real estate?
May 8th
Question by Matthew C: Where do I find historical cap rates and average sales price per square foot for commercial real estate?
On a national and regional basis, I am looking for either average capitalization rates or average sales prices per square foot for the different income producing property types (mainly multifamily, retail, office, and lodging) for the entire US and its different regions going back at least 15 years for research purposes. It does not need to be broken down by class. Does anyone know where I can find this kind of data? Thanks.
I have already searched on REIS and Realty Rates, but they do not go back very far.
Best answer:
Answer by cactusgene
The Urban Land Institute will sell you all kinds of reports (expensive). But here is what I found, and some of it is free:
http://www.babsoncapital.com/BabsonCapital/http/bcstaticfiles/Research/file/ReCap%20Rates%20Research%20Note_RN4238_Jun09_SC.pdf
http://www.caprates.net/
http://nreionline.com/distressedinventory/good_hedge_against_inflation_0412/index.html
What do you think? Answer below!
Commercial Real Estate Prices Dropped in February
Apr 22nd
Commercial Real Estate Prices Dropped in February
According to Moody’s Investors Service, commercial property prices declined for the third straight month in February as distressed sales dragged down values and transactions were the lowest in a year, which suggest a slow market activity.
Read more on Turks.US
CEO: Commercial real estate rebounding
Jerry Sweeney, CEO of Brandywine Realty Trust and the guest speaker at the Chester County Commercial Industrial Investment Council annual luncheon, told CII members the market is showing signs of turning around.
Read more on Daily Local News
Commercial property prices down 3.3 percent
U.S. commercial property prices declined for the third straight month in February as distressed sales dragged down values and transactions were the lowest in a year, according to Moody’s Investors Service.
Read more on Finance and Commerce
Commercial real estate market showing new signs of life in W. Hawaii
Jan 11th
Commercial real estate market showing new signs of life in W. Hawaii
If the commercial real estate market was in a coma last year, it is now experiencing a pulse in West Hawaii, said Glennon Gingo, Hawaii & Pacific Commercial Properties broker and owner.
Read more on West Hawaii Today
Kayne Anderson Real Estate Advisors and Flagship Investment Group Continue Strategic Partnership for Opportunistic …
Kayne Anderson Real Estate Advisors, LLC. , the private equity real estate practice of Kayne Anderson Capital Advisors investing in specialized real estate sectors, and Flagship Investment Group , a Central Florida based developer, owner and operator of commercial property, have together acquired a portfolio of six operating self storage facilities totaling 3,803 units located in California’s …
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Behind the Rebound in Commercial REITs
Nov 4th
Behind the Rebound in Commercial REITs
The U.S. commercial real estate market has so far averted the catastrophe that many strategists were predicting last year. While the residential sector faces the threat of further home-price declines, analysts see commercial real estate values stabilizing. (In the residential sector, the cumulative 17.3 percent rise in sales of existing homes in August and September didn’t even halve the …
Read more on BusinessWeek via Yahoo! News
Commercial Real Estate Loan Prices Dip in September
The aggregate value of Commercial Real Estate loans priced by DebtX that collateralize CMBS decreased to 80.5% as of September 30, 2010 from 81.0% as of August 31, 2010. Loan values were 77.2% as of September 30, 2009.
Read more on Business Wire via Yahoo! Finance
Re-Priced Assets Key to Commercial Real Estate Rebound
Aug 6th
Re-Priced Assets Key to Commercial Real Estate Rebound
The commercial real estate recovery has become dependent on, and stands precariously linked to, the re-pricing and deleveraging of property positions, according to the CCIM Institute and the Real Estate Research Corp. (RERC). That is a change from being…
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CoStar Commercial Repeat-Sale Indices: A Tale of Two Investment Worlds Merging Into One
Commercial real estate pricing has been a tale of two worlds, with the largest metropolitan markets attracting significant institutional capital and forcing prices upward over the first two quarters of 2010, while the broader market has continued to soften…
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Real Estate News: Foreclosed On, By the U.S.
Here is a look at real-estate news in today’s WSJ
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