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Commercial sales / leasing checkup Q1 – 2013
It’s April 15, 2013, tax day, and let’s take a look at the commercial sales and leasing activity in the Iowa City / Coralville area market. So far, there have been 27 leasing and sales transactions. 27 leasing and sales transactions doesn’t really seem like many in 104 days. Last year at this time there were just 36 similar transactions, so the volume is …
Early 2013 Commercial Sales Report
Sure, it’s early in the year and early year ratios can be skewed due to lack of data, but these are good numbers for the Edberg Team. Rachel, Jerry and I have been pushing 10-hour days to keep our 200+ listing in front of tenants and buyers, and it is working! Sorry if this post is self-serving, but this is a competitive business …
Jerry Lalor joins Edberg Tram
Jerry Lalor (he’s the taller one) has joined Rachel Barnes and Jeff Edberg to round out the Edberg Real Estate Team! Jerry is a talented, pleasant and an experienced business person and Realtor®. He will be focusing on listing client services while also doing both residential and commercial sales and leasing. The listing function is the backbone of the team keeping the listing inventory fresh …
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 …
Iowa City Real Estate Checkup for Fall of 2009 – Q & A
1) The Current Condition of Real Estate in Iowa City? The residential real estate market, and as a following indicator, the commercial real estate markets are currently guarded, but healthy. Historically, for the last 20 years, or so, homes have increased in value by about 4% per year, have sold in 90-120 days and have sold for about 98% of what they were listed …