Iowa City Area – 2012, Commercial Real Estate Status and Confidence
Iowa City Area – 2012 Commercial Real Estate Status and Confidence Jeff Edberg, CCIM, SIOR In 2007 the real estate housing bubble burst followed by the collapse of the financial markets supporting unsustainably high market real estate prices. The Iowa City area is a unique metropolitan area largely due to the strong and stable influence of the University of Iowa and the University of …
Leased Investments
The Principles of Leased Investments Lepic Kroeger, Realtors Leased investments have always been strong elements of the Iowa City Commercial Real Estate and the Cedar Rapids Commercial Real Estate scene. There are great investment properties in both markets and ample high income investors with a desire to take advantage of the unique benefits a leased investment offers. …
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 …
Case-Shiller Housing Value Index Blues
Case-Shiller Housing Value Index Blues The national news looks bleak with regard to home sales prices across the nation. A recent report citing the Case-Shiller Index report shows that national homes prices found a peak value in July 2006 and then fell off the cliff through the recession we were all hoping we were emerging from. Values plummeted until 2009 and started …
Iowa City Southeast Distrrict Plan
The Iowa City Southeast District Plan The new, hot topic in Iowa City planning is the Southeast Area Plan. City planners drafted a proposed plan based on public input provided through a series of community workshops and discussion forums with residents, business owners, and other interested members of the community. Areas discussed in the plan are Housing and Neighborhood Quality; Eastside Growth Area; …
New Office – New Year
2011 has begun and so has the Iowa City / Coralville Skogman Commercial office. Let’s take a look and see how both fare. I track the average home sales price, the price increase and the list price / sales price ratio as an indicator for the overall health of the Iowa City / Coralville real estate market. In the 29 years I have been …
Last Decade Iowa / US comparison
The Gazette reported in the Wednesday 12-30-2009 addition that basically, prices are higher and incomes are lower than they were 10 years ago. Median income is down $2,000, public debt is double and gas is 30% higher. At least the Iowa City housing market is stable. This is good news if you’re a real estate broker, or a home owner! I believe it also …
Iowa City area 2009 home sales
It’s close enough to the end of the year to have a peek at 2009 home sales for the area. There were 2,331 homes sold for an average $182,708 that sold in an average of 102 days. In 2007 there were 2600 sales and 2300 in 2008. I’d day we’re pretty stable!