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Monthly Archives: March 2012
2011 Real Estate Statistics Recap
Total Office/Retail/Commercial Inventory8,165,000 square feetVacant Office/Retail/Commercial7.3% vacantTotal Industrial Inventory8,500,000 square feetVacant Industrial Inventory9.2% vacantAverage Office Lease Rate: $12.57 NNNAverage Retail Lease Rate: $12.64 NNNAverage Commercial Lease Rate: $10.52 NNNAverage Industrial Lease Rate: $5.72 NNNActive O / R / C feet for lease635,579Active Industrial feet for lease127,3412011 Space Leased: 216,166 square feet – $6,827,9862011 Buildings Sold:List value $13,106,524Sold value $11,483,511 Commercial sales up 12% over …
2011 Iowa City Real Estate Recap
The leasing demand in the Iowa City Area has remained modest, yet active since the flood and financial meltdown in 2008 with some qualifications. Larger corporate expansions or relocations have often been put on hold pending perceived stability in the market. Smaller startup, expansion and relocations have been moving ahead albeit at a somewhat tepid pace.Downtown Iowa City This sector is the strongest market …