Your SlideShare is downloading. ×
  • Like
2011 Mid Year Blue Book
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Now you can save presentations on your phone or tablet

Available for both IPhone and Android

Text the download link to your phone

Standard text messaging rates apply
Published

 

Published in Real Estate , Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
859
On SlideShare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
8
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. 2011 Coldwell Banker Commercial Blue Book Mid Year Market Review
  • 2. About the CBC® Blue Book The CBC® Blue Book offers a unique market perspective with data generated by true commercial real estate market experts – the professionals of the Coldwell Banker Commercial companies within the local markets. In total, the Blue Book contains over 80 North American markets. The Blue Book highlights one of the strengths of the Coldwell Banker Commercial organization: our national footprint. The CBC organization’s strong local market coverage combined with our global reach helps our clients obtain real-time market information in order to make informed real estate decisions.Sources of InformationEach market information comes from the CBC affiliate listed as the contact. Information is deemed fromsources considered reliable. Various sources of the data include but are not limited to: CoStar, Reis andLoopNet. Demographic information was pulled from EASI Demographics. A Core Based Statistical Area(CBSA) is a U.S. geographic area defined by the Office of Management and Budget (OMB) based around anurban center of at least 10,000 people and adjacent areas that are socioeconomically tied to the urban centerby commuting. Unemployment numbers were taken from Bureau of Labor Statistics.
  • 3. Table of ContentsAL - Dothan, Houston County 2 ME - Midcoast Region 23AL - Montgomery County 2 MN - Mankato 23AR - Hot Springs 3 MN - Minneapolis Metro 24AR - Little Rock 3 MO - St. Louis Metro 24CA - Inland Empire/Victor Valley 4 MT - Billings Metro 25CA - Los Angeles 4 NC - New Hanover County 25CA - Los Angeles, Westside 5 NC - Raleigh 26CA - Modesto, Stanislaus County 5 NE - Lincoln 26CA - Northern California/Bay area 6 NJ - Cape May County 27CA - Orange County 6 NJ - Northern 27CA - Redding 7 NM - Albuquerque 28CA - Sacramento 7 NV - Carson City 28CA - Temecula 8 NV - Reno/Sparks 29CA - San Fernando/San Gabriel Valley 8 NY - Albany 29CO - Mesa County 9 NY - New York City 30CO - Southwest 9 ON - Greater Toronto Area 30FL - Daytona Beach-Ormond Beach 10 OR - Portland 31FL - Florida Keys 10 OR - Salem 31FL - Jacksonville 11 PA - Northeastern 32FL - Lakeland-Winter Haven 11 PA - Southwestern Region 32FL - Orlando 12 SC - Charleston Metro 33FL - Port St. Lucie 12 SC - Columbia 33FL - Sarasota, Manatee, Charlotte Counties 13 SC - Greenville/Spartanburg 34FL - South 13 TN - Knoxville/East Tennessee 34FL - Southwest 14 TN - Metro Chattanooga, TN-GA 35GA - Athens 14 TX - Austin 35GA - Atlanta 15 TX - Brenham 36GA - Atlanta Greater MSA 15 TX - Bryan-College Station 36GA - Dalton, Whitfield County 16 TX - Fort Worth 37GA - Savannah 16 TX - Houston 37ID - Boise 17 TX - Lubbock 38ID - Coeur d’Alene 17 TX - San Antonio 38IL - Bloomington-Normal, McLean County 18 TX - South Central 39IL - Champaign County 18 TX - Victoria County 39IL - Chicago 19 UT - Salt Lake County 40IL - Chicagoland 19 VA - Lynchburg 40IN - Delaware County 20 WA - Clark County 41KS - Kansas City Metro Area 20 WA - Puyallup, Pierce County 41KY - Bowling Green 21 WA - South King County 42KY - Louisville, Lexington & Elizabethtown 21 WA - Thurston County 42LA - Lafayette 22 WI - Janesville/Beloit 43LA - New Orleans 22
  • 4. AL - Dothan, Houston County AL - Montgomery County Demographics Market Highlights Demographics Market Highlights • Medical industry growth Montgomery, • According to a Moody’s Economy CBSA Dothan, AL CBSA AL continues to fuel the economy. report, Montgomery ranks 32nd out of 387 U.S. metro areas in Square Miles 1,718 • College of Osteopathic Medicine Square Miles 2,725 Employment Growth Rank projected to be constructed in southeast for 2010-2015. Hyundai, Mobis, AL. Hyundai Heavy, Kia, and expansion of the Mobile port have all Population 143,295 • Houston County continues as top Population 367,157 contributed to this growth. Alabama county for out-shopping per capita. • Montgomery ranked #8 for Households 57,785 Households 147,017 Potential Job Growth in Forbes • Publix opens third grocery store Magazine’s 2010 Best Places for within one year. Business and Careers. Household Household Income 58,837 • Cost of Living Index for Dothan Income 68,657 Average Average • 200,000 SF Class A suburban one of the lowest in the nation. former Colonial Headquarters Employees Employees lands its first major tenant since 58,833 • Last census showed significant 144,160 Colonial’s collapse. Hewlett (Total) (Total) population growth in city and Packard takes roughly 50,000 SF. county. • Retirement System’s of AlabamaUnemployment 9.9% Unemployment 10.5% (RSA’s) new 400,000 SF Class A downtown building lands key tenant with BB&T taking signage rightsTotal Consumer Total Consumer and 11,000 SF. Office competition $2,897,311 $7,403,292 Expenditure Expenditure with RSA having State money to spend remains fierce. • Former class B Regions CBD Contact Contact Buildings enter the market for sale with little occupancy. Coldwell Banker Commercial Coldwell Banker Commercial Alfred Saliba Realty Moore Company Realty • Class A CBD, former Colonial 410 North Shady Ln. 121 Coosa St. Suite 250 Dothan, AL 36303 Montgomery, AL 36104 Financial Center (prior to (334) 793-6600 (334) 262-1958 Headquarters) back on the market- www.alfredsalibacommercial.com www.cbcmcr.com for sale with about 70% occupancy. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  2
  • 5. AR - Hot Springs AR - Little Rock Demographics Market Highlights Demographics Market Highlights Little Rock- CBSA Hot Springs, AR • Construction is underway for a North Little • 150,000 SF headquarters CBSA new Children’s Dental Clinic and Rock-Conway, campus for Southwest Power a Medical Clinic adjacent to a AR Pool nears its Q2 2012 Square Miles 677 major healthcare facility. completion. Square Miles 4,090 • A sales tax election will be held • Baptist Health joins medical in October to fund a new $45M migration to suburbs with 20 Population 98,888 county jail. acre site acquisition. Population 690,456 • New tenants in the area include • Super Target opens to Households 43,175 Ross Dress, Newk’s Cafe, Home anchor Park Ave. Mixed-use Goods and Logan’s Roadhouse. Households 276,042 development in Midtown; Residential and Restaurant Household • Sales volume of residential components to follow, as well as Income 56,350 properties is down but prices Household more Retail Stores. Average Income 71,848 have remained steady in the Average area. • Three market-rate Apartment Employees (Total) 32,750 developments announced in • The unemployment rate Employees (Total) 290,765 mid-2011. has risen slightly to 8.4%. Enrollment at the community • 280,000 SF ShacklefordUnemployment 8.4% college has increased this year. Crossings lifestyle center sells Unemployment 7.5% out of foreclosure for $40M+. • Local economy centers onTotal Consumer tourism - the state’s largest • Nike and Apple stores join tenant Expenditure $2,214,734 convention center continues to roster at upscale Promenade at Total Consumer increase scheduled events. Expenditure $14,773,932 Chenal. Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial RPM Hathaway Group 401 Section Line Rd. 2100 Riverdale Rd. Suite 100 Hot Springs, AR 71913 Little Rock, AR 72202 (501) 520-4000 (501) 663-5400 www.cbcrpm.com www.hathawaygroup.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy N/A Vacancy  Vacancy  Absorption  Absorption N/A Absorption  Absorption  Rental Rates  Rental Rates N/A Rental Rates  Rental Rates  3
  • 6. CA - Inland Empire/Victor Valley CA - Los Angeles Demographics Market Highlights Demographics Market Highlights Riverside-San Los Angeles- CBSA Bernardino- • 65.4% increase in commercial CBSA Long Beach- • Stronger property sectors are: Ontario, CA sales and leasing volume in Santa Ana, CA Apartments, Medical Office, and market area Q2 2011 over Q2 Industrial. Square Miles 27,260 2010. Square Miles 4,850 • Retail and Office continue with • Increase in land acquisition by spotty rental weakness. builders and developers. Population 4,171,856 Population 12,935,173 • Latest Wall Street and • Increased demand for Washington announcements agricultural land. cause many to hit the “pause” button. Households 1,350,253 Households 4,288,080 • Two Super Wal-Marts held ground-breaking ceremonies • Investors have cash, but are not Household with three additional planned for Household sure if we are yet at the bottom. Income 67,386 construction in 2012. Income 87,517 Average Average • Not much observable growth • Multi-Family average sales price (positive absorption minimal). Employees 1,156,307 PSF increased 15% Q2 - 2011 Employees 5,313,010 (Total) over Q1 - 2011. (Total) • Unlike 2008, there is more resiliency (and a bit more optimism).Unemployment 14.2% Unemployment 11.6%Total Consumer Total Consumer $74,545,969 $247,828,803 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Real Estate Solutions WESTMAC 15500 W Sand St., 2nd Floor 1515 Sepulveda Blvd. Victorville, CA 92392 Los Angeles, CA 90025 (760) 684-8000 (310) 478-7700 www.CBCdesert.com www.westmac.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  4
  • 7. CA - Los Angeles, Westside CA - Modesto, Stanislaus County Demographics Market Highlights Demographics Market Highlights Los Angeles- CBSA Long Beach- • Google leases 100,000 SF in CBSA Modesto, CA • Stanislaus County is located in Santa Ana, CA Venice to house hundreds of the Central Valley. It’s county seat employees. is Modesto, which is where many Square Miles 4,850 Square Miles 1,494 people in the surrounding areas • Multi-Family market very shop. competitive in “A” areas. • The major industry is AG-related, Population 12,935,173 • Demand is high for quality Population 517,685 employing approximately 18,000 assets in quality areas. people or 11.3% of a total of 160,000 people who are employed. • Demand is high for 100+ Households 165,312 Unemployment varies based on the Households 4,288,080 Apartment units. fact that most of the AG jobs are seasonal. Household • Residential and Mixed-Use Household Income 87,517 developers hunt for prime land. Income 62,281 Average • Shopping areas that are well Average located have been attracting • Investment money all chasing new tenants with some major Employees the same product. Employees 5,313,010 (Total) 160,100 remodeling. Due to lack of new (Total) construction, the vacant space has been absorbed as needs arise. Kaiser Permanente built a majorUnemployment 11.6% Unemployment 17.2% hospital complex with Memorial Hospital making a major expansion.Total Consumer Total Consumer • Major layoffs in government sector $9,093,539 Expenditure $247,828,803 Expenditure based on tax assessments being lowered by a downturn in real estate values. Leveling out has occurred and all are hoping real Contact Contact estate prices will start to rise in 2012. This will only come if the Coldwell Banker Commercial Coldwell Banker Commercial unemployment in the area starts to NRT- Los Angeles Vinson Chase, Realtors 11999 San Vicente Blvd. Suite 100 220-A Standiford Ave. decline. Los Angeles, CA 90049 Modesto, CA 95350 (310) 979-4990 (209) 577-2121 • Office and Retail are improving in www.cbcworldwide.com www.cbcworldwide.com good centers and locations. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  5
  • 8. CA - Northern California/Bay area CA - Orange County Demographics Market Highlights Demographics Market Highlights San Los Angeles- CBSA Jose-Sunnyvale, • Apple Inc. has expanded their CBSA Long Beach- • Irvine Company building a Santa Clara, CA presence in the area. Santa Ana, CA 380,000 SF build-to-suit for PIMCO in Newport Beach. • Tesla, the electric car company, Square Miles 2,680 Square Miles 4,850 has opened a retail location in • Office market is still out but Santa Row, San Jose as well as Retail and Industrial are showing taking over the Nummi plant in signs of tightening. Population 1,854,885 Fremont. Population 12,935,173 • Very little new commercial • In general, new construction construction except Multi-Family. still remains slow but two new Households 628,862 Households 4,288,080 Multi-Family projects have been • Residential absorption is still way completed. off and market is flat. Household Household Income 122,345 • Due to the current economy, the Income 87,517 • Trophy properties are being Average number of short sales has risen Average snapped up, while B,C and D as well the REA properties in types are still sitting. Employees general. Employees 895,978 5,313,010 (Total) (Total) • The Orange County market has • Since the Bay Area is a high- shown signs of stabilization in tech market, the stock market the commercial arena. There hasUnemployment 10.5% does have a significant effect on Unemployment 11.6% not been a lot of new tenants or market changes. The Bay Area is buyers entering the market just a leader in green technology and yet. is benefitting from governmentTotal Consumer Total Consumer Expenditure $42,651,616 support/funding. Expenditure $247,828,803 Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Bay NRT - Newport Beach 20490 Los Gatos Rd. 4 San Joaquin Plz Suite 260 Saratoga, CA 95070 Newport Beach, CA 92660 (408) 835-7030 (949) 644-1600 www.cbcworldwide.com www.cbcworldwide.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  6
  • 9. CA - Redding CA - Sacramento Demographics Market Highlights Demographics Market Highlights Sacramento- CBSA Redding, CA • Stillwater Business Park has 100+ CBSA -Arden-Arcade- • Prime Residential sold the 612- acres in escrow. -Roseville, CA unit Multi-Family property Slate Creek at Johnson Ranch in north Square Miles 3,785 • Multi-Family market is strong. suburban Roseville, for $76.5 Square Miles 5,094 million. • Government leases dominating the office sector. • KBS Capital Advisors paid Opus Population 181,457 Population 2,141,658 West Corporation $47.4 million • Industrial activity is generally ($206 PSF) for 230,000 SF of sluggish. Office in Gateway Corporate Households 71,491 Households 801,834 Center Buildings A and B. • Unemployment rate stuck at 15%. • HomeGoods and a Jo-Ann Household • Commercial foreclosures keeping Household Fabrics and Craft stores, have Income 60,230 downward pressure on values. Income 77,526 signed on for a combined total Average Average of 45,590 SF, partially filling • Overall health of the market a former Mervyn’s space at Employees is better than last year, but Employees (Total) 53,468 727,825 Folsom Square. fundamental problems persist. (Total) High unemployment and slow • The Promenade at Sacramento housing market are keeping Gateway has landed Bed BathUnemployment 15.0% offices vacant (i.e. fewer title Unemployment 12.3% & Beyond to fill a 28,000 SF companies, loan offices, etc). 3 of anchor space. the market’s 4 largest industrial buildings have been foreclosedTotal Consumer Total Consumer Expenditure $3,836,110 (and remain vacant). $46,256,089 Expenditure • Retail has turned for the better with a nearly 3% drop in vacancy in 12 months. Multi- Contact Family occupancy levels have Contact Coldwell Banker Commercial remained stable and rents are Coldwell Banker Commercial C&C Properties rising, making this a safe-haven NRT - Sacramento 2155 Larkspur Ln. investment alternative. Financing 730 Alhambra Blvd. Redding, CA 96002 Sacramento, CA 95816 (530) 222-2011 remains difficult to obtain, but (916) 447-5900 www.cbcnorthstate.com much improved over last year. www.cbcworldwide.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  7
  • 10. CA - Temecula CA - San Fernando/San Gabriel Valley Demographics Market Highlights Demographics Market Highlights Riverside-San Los Angeles- CBSA Bernardino- • There has been a slight drop in CBSA Long Beach- • Major tenants moving in: 99 Ontario, CA office vacancy rates (19.7% from Santa Ana, CA Cents Stores - 622,000 SF; Nova 19.4%). Inc. - 259,000 SF, and Phoenix Square Miles 27,260 Square Miles 4,850 Warehouse 22,000 SF. • Average Office lease rates increased from $1.517 to • No new speculation development $1.525 because of a 16.2% office Population 4,171,856 Population 12,935,173 vacancy rate. • Industrial vacancy rates decreased from 9.8% - 9.3% • Green Dot, an expansion of a credit card company, may lease Households 1,350,253 Households 4,288,080 • Industrial lease rates declined 110,000 SF of Office space. from $0.478 to $0.475 Household Household • Many companies want to move Income 67,386 • Industrial lease rates have slid Income 87,517 to or remain in Pasadena Average for 11 of the last 12 quarters. Average because it has international name identification and superb Employees 1,156,307 • There has been a slight increase Employees 5,313,010 retail amenities. (Total) in Retail vacancy from 9.6% – (Total) 10.1% • There has been a slight improvement in the market dueUnemployment 10.4% Unemployment 11.6% to increased optimism. • Port activity continues to drop.Total Consumer Total Consumer • Medical and social media $74,545,969 $247,828,803 Expenditure Expenditure companies are expanding. Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Sudweeks Group North County 27708 Jefferson Ave. Suite 201 801 N. Brand Blvd. Suite 180 Temecula, CA 92591 Glendale, CA 91203 (951) 200-7683 (818) 334-1900 www.cbcsuds.com www.cbcnco.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  8
  • 11. CO - Mesa County CO - Southwest Demographics Market Highlights Demographics Market Highlights Grand Junction, • New major tenant moving into • T.J. Maxx to open in Durango. CBSA CBSA Durango, CO CO the market: Energy Capital of Western Colorado. • Downtown vacancies are Square Miles 3,328 Square Miles 1,692 decreasing. • Retail continues to roll. • Residential market showing • Residential market finding a significant improvement. Population 148,298 floor. Population 51,899 • New construction still lagging • This wonderful community but more business inquires Households 60,317 is working to ease business Households 21,722 occurring and a few large regulation and providing projects are on the horizon. incentives for large employers to Household both grow and locate here. Household • Gas exploration is still an Income 61,730 Income 76,152 economic driver. Average Average • Uranium, coal and natural gas exploration expands. • The number of airlines serving Employees Employees the area has increased, making 54,564 21,431 (Total) (Total) • Local wineries had a banner Durango an easier and more year. economical destination for business and visitors. ThisUnemployment 10.3% Unemployment 7.5% includes several United and Frontier flights to Denver Daily, as well as American Eagle flightsTotal Consumer Total Consumer to Dallas. $3,278,410 $1,253,117 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Prime Properties, LLC Heritage House Realtors 550 Patterson Rd. Suite B 785 Main Ave. Grand Junction, CO 81506 Durango, Colorado 81301 (970) 243-7375 (970) 259-3333 www.grandjunctioncommercial.com www.realestatedurango.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  9
  • 12. FL - Daytona Beach-Ormond Beach FL - Florida Keys Demographics Market Highlights Demographics Market Highlights Deltona- Daytona • ARK Technology and OEM Auto Parts CBSA Key West, FL • Walgreens, Dollar Tree, Mattress CBSA Beach-Ormond are using a fully-computerized CNC Firm are expanding or entering Beach, FL operation with 40 employees and new the market. 45,000 SF manufacturing facility. Square Miles 997 Square Miles 1,103 • Vacancy is falling due to • Five major universities, two of the increased demand. top 10 high schools in the nation, and the third best school district in Population 73,047 • New Walgreens and Holiday Inn Population 495,625 the southeast, are located in Volusia Express in the market. County. Households 32,553 • Prices are rising and inventory is Households 214,567 • Daytona Beach Live, 76,000 SF falling; only about 10% of which Office Complex for NASCAR and the is distressed. Daytona Speedway World Center of Household Household Income 98,489 • Tourism is a major local industry Racing, home of the Daytona 500 has Average Income 62,419 and hospitality enjoys the recently been developed. Average highest ADR & occupancy in the Employees • Two brand new hospitals built. 29,685 state. Employees (Total) (Total) 146,482 One had the first robotic surgery performed in the U.S., the other has • Significant development the newest oncology center. Both restrictions create high barriers Unemployment 7.0% to entry. hospitals represent 1,221 new bedsUnemployment 11.0% in the area. • A new business incubator that is part Total Consumer of the University of Central Florida, $1,953,037Total Consumer Expenditure $11,430,585 is now open, and has a number one Expenditure ranking in the nation for this type of program Contact Contact • 28 miles of beachfront with 15 miles Coldwell Banker Commercial in a core Resort-Hospitality related Coldwell Banker Commercial Benchmark industry that has the infrastructure in Schmitt Real Estate Company 570 Memorial Cir. Suite 300 11050 Overseas Highway Ormond Beach, FL 32174 place as well as pricing for the next Marathon, Florida 33050 (386) 672-8530 movement in the market. The Resort- (305) 743-5181 www.cbcbenchmark.com Vacation-Hospitality industry is up www.commercialfloridakeys.com over last year to date. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  10
  • 13. FL - Jacksonville FL - Lakeland-Winter Haven Demographics Market Highlights Demographics Market Highlights Lakeland - CBSA Jacksonville, FL • The Jacksonville Port Authority CBSA Winter Haven, • Florida Southern College named is continuing negotiations to FL “most beautiful campus in US” purchase 23 acres of property on by Princenton Review. Square Miles 3,221 Talleyrand Ave across from the Square Miles 2,010 Port HQ building. The purchase • USF Poly starts construction price is reported to be $2M and on 172-acre campus at I-4 & should close in October 2011. Polk Parkway -- rumored to be Population 1,334,380 Population 599,564 re-branded as Florida’s 1st • The St. Johns Town Center, polytechnical university. consisting of 1.23M SF continues Households 518,910 to attract new tenants to remain • Publix supermarkets announces Households 233,208 fully leased. The center will gain 2nd quarter sales of $6.6 billion, six new retailers this fall, and four a 9.7% increase, and first half Household sales of $13.4 billion, a 5.7% Income 76,866 of them are new to North East FL. Household Income 55,323 increase. Average Average • Ashburg LLC purchased an 18,462 SF office building in • Legoland Florida, which is Employees Employees (Total) 551,254 Marsh Landing Office Park for 239,100 scheduled to open October 15th (Total) $2.25M or about $122 PSF. -- hires 1,000 new employees. • The University of North Florida • CSX intermodal (300+ acres)Unemployment 10.3% in south Winter Haven to begin makes Number 19 on Forbes Unemployment 11.7% ‘Best Buy Colleges List.’ UNF construction later in 2011. ranked on the America’s BestTotal Consumer Colleges 2011 list. • Polk economy continues to lag. Total Consumer Expenditure $28,590,862 $12,107,983 Brookings reports housing prices Expenditure • The top three public company down 46.2% from peak. employers for 2011 in NE Florida are: CSX Corp., Winn-Dixie Stores • Lakeland-Winter Haven market Inc., & Fidelity National Financial has lagged the state, which has Contact Contact Inc. lagged the nation. This presents Coldwell Banker Commercial Coldwell Banker Commercial excellent buying opportunities. Benchmark • Several tenants have moved into Saunders Ralston Dantzler Realty Owner/user financing is readily 4348 Southpoint Blvd. Suite 310 114 N Tennessee Ave. available at attractive rates. Jacksonville, FL 32216 large blocks of space: PNC Bank - Lakeland, FL 33801 (904) 281-1990 57,865 SF and Fortegra Financial (866) 937-2246 www.cbcbenchmark.com - 48,864 SF. www.SRDcommercial.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  11
  • 14. FL - Orlando FL - Port St. Lucie Demographics Market Highlights Demographics Market Highlights Orlando, • Industrial and Office have Port St. Lucie, • Two recent ten-year Retail leases CBSA CBSA Kissimmee, FL FL improved over the first two signed this month in Port St. Lucie. quarters. Square Miles 3,491 Square Miles 1,128 • Two contracts have been executed • Retail, while not improving, is at on vacant land for the first time in least flat. several years. One parcel for office in St. Lucie West, and the second Population 2,093,845 • Office has 703,332 SF of new Population 407,361 will be retail on U.S. One in Stuart, construction. adjacent to Wal-Mart. Households 799,047 • More commercial REO properties Households 169,340 • St. Lucie Economic Development are coming on the market. Council is working on more deals than any time the in past five years. Household • Commercial lending is beginning Household Several pharmaceutical companies Income 70,380 to return to normal. Income 74,600 Average Average want to locate near Torrey Pines and VGTI in Tradition in Port St. Lucie. • Interest in investment with Employees commercial real estate is Employees (Total) 956,766 (Total) 117,662 • New office buildings are gaining improving. tenants. 60,000 SF have been absorbed in St. Lucie West since last fall.Unemployment 10.4% Unemployment 12.5% • Small Retail locations are leasing at NNN rates between $7 PSF and $15Total Consumer Total Consumer PSF. $43,646,748 $9,326,748 Expenditure Expenditure • Several restaurant chains have expanded to Port St. Lucie. • Flex space was overbuilt following Contact Contact 2004 hurricanes. The residential Coldwell Banker Commercial Coldwell Banker Commercial market is dead. Home prices are at NRT-Maitland NRT-Port St. Lucie 1999 levels. There are many start up 901 N Lake Destiny Dr. Suite 110 1973 SW Savage Blvd. businesses. Tenants are upgrading Maitland, FL 32751 Port St Lucie, FL 34953 (407) 539-1000 (561) 995-7564 to better space within the city. www.cbcworldwide.com www.cbcworldwide.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy N/A Absorption  Absorption  Absorption  Absorption N/A Rental Rates  Rental Rates  Rental Rates  Rental Rates N/A 12
  • 15. FL - Sarasota, Manatee, Charlotte Counties FL - South Demographics Market Highlights Demographics Market Highlights Sarasota, Miami-Fort CBSA Bradenton, • Office vacancy is on the rise. Lauderdale- • Multi-Family is the strongest CBSA Venice, FL Pompano sector of the market. • Office space is at negative Beach, FL absorption. • Retail, Office, and Industrial Square Miles 1,313 Square Miles 5,126 vacancy rates are declining. • Industrial lease rates and vacancy at a juxtaposition. • Absorption is positive across all Population 689,676 Industrial seems to be the markets. strongest market in this area, Population 5,566,404 which reflects on more jobs. • Residential markets are improving in ASP and units. Households 311,173 • Retail is steady. Households 2,128,471 • Foreign investment is increasing. Household • Inventory for commercial is at six Income 79,698 months. Household • Rental rates may have bottomed. Average Income 82,033 • In Sarasota and Manatee, the Average Employees 230,801 average time on the market for (Total) housing is from 18-22 months. Employees 2,069,525 (Total) • Multi-Family is strong in thisUnemployment 10.9% market. Unemployment 11.8%Total Consumer $17,718,836 Expenditure Total Consumer $117,802,559 Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial NRT- Sarasota NRT- Boca Raton 100 N Tamiami Trl. 3837 NW Boca Raton Blvd. Suite 200 Sarasota, FL 34236 Boca Raton, FL 33431 (941) 925-8586 (561) 479-1225 www.cbcworldwide.com www.cbcworldwide.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  13
  • 16. FL - Southwest GA - Athens Demographics Market Highlights Demographics Market Highlights Naples-Marco • Arthrex is expanding; buying Athens-Clarke • According to University of CBSA CBSA Island, FL County, GA 240,000 SF warehouse Georgia President Michael and building 120,000 SF Adams, UGA enrollment is at an Square Miles 2,025 manufacturing location. Square Miles 1,031 all-time high and the class of 2015 is likely to be the largest • Vacancies slowly dropping. freshman class in the school’s history. Population 320,101 • New construction of commercial Population 193,495 product is almost non-existent • The University of Georgia and the until home construction picks Medical College of Georgia have Households 132,487 up. Households 77,486 partnered to establish an Athens campus that will be located on • Inventory is way down and sales the 58-acre former U.S. Navy Household are up. Household Income 118,854 Income 57,618 Supply Corps property in Athens, Average Average GA. • $1,000,000+ homes and condos are rising in price. • Tripp Umbach, a medical Employees Employees (Total) 115,960 (Total) 60,760 education planning organization, estimates that at least $180 million will be invested commercially as a result ofUnemployment 11.3% Unemployment 8.4% medical research growth in the Athens area.Total Consumer Total Consumer $8,298,345 3,833,666.80 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial NRT- Naples Upchurch Realty 550 Fifth Ave. South 2405 W Broad St. Naples, Florida 34102 Athens, Georgia 30606 (239) 596-6130 (706) 354-7870 www.cbcworldwide.com www.upchurchrealtycommercial.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  14
  • 17. GA - Atlanta GA - Atlanta Greater MSA Demographics Market Highlights Demographics Market Highlights Atlanta-Sandy Atlanta-Sandy CBSA Springs, • Clorox’s move out of 607,650 CBSA Springs, • Wells Fargo Bank signed a lease to Marietta, GA SF was the largest in the 2nd Marietta, GA occupy 38,197 SF, which included quarter. an expansion of 21,540 SF. Square Miles 8,376 Square Miles 8,376 • Office absorption totaled nearly • Lack of supply and new 400,000 SF in the 2nd quarter. construction in Multi-Family has pushed rents higher and vacancies Population 5,521,582 • Cox Communication’s build-to- Population 5,521,582 lower. suits are the only significant buildings under second quarter • Retail has seen a net absorption of construction. 134,000 SF. Households 2,028,400 Households 2,028,400 • 15,000 to 40,000 SF move- • The first quarter of 2011 saw office Household ins included Agilysys, Kaiser Household building sales prices rise to $183 Income 77,990 Permanente, North American Income 77,990 PSF, compared to the same period Average Electric Reliability Corporation, Average in 2010 at $143 PSF. ThyssenKrupp IT and Turner Employees 2,223,339 Broadcasting. Employees 2,223,339 • The overall market continues to (Total) (Total) firm up with increased activity in • Office rental rates decreased for most sectors. the 11th time in 12 quarters.Unemployment 9.9% Unemployment 9.9% • According to the National • Over the past four quarters, a Association of Women Business total of 167,416 SF of Retail Owners, Georgia/Atlanta ranks space has been built in Atlanta. number one in percent growth inTotal Consumer Total Consumer $110,119,865 $110,119,865 number, employment and sales for Expenditure Expenditure women-owned firms. • The Atlanta MSA consists of 28 counties, over 7 million in Contact Contact population and includes the Coldwell Banker Commercial Coldwell Banker Commercial world’s busiest airport, superior Metro Brokers NRT-Atlanta intermodal connections making 3575 Piedmont Rd. 6285 Barfield Rd. Suite 100 it the distribution hub for the NE Piedmont Center Building 15, Suite 950 Atlanta, Georgia 30328 Atlanta, GA 30305 (404) 705-1590 southeast; Atlanta’s median (678) 320-4800 www.cbcworldwide.com household income is 13% higher www.cbcworldwidemetro.com than the national average. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  15
  • 18. GA - Dalton, Whitfield County GA - Savannah Demographics Market Highlights Demographics Market Highlights CBSA Dalton, GA • Carbondale Business Park, CBSA Savannah, GA • Gulfstream Aerospace plans a a 184-acre public-owned $500 million expansion to add Industrial/Commercial Park is 1,000+ jobs to the market. Square Miles 634 under construction. Located just Square Miles 1,359 off I-75 with available lots from • 2011 Savannah Tourism Industry 3-50 acres with all utilities. outpacing 2010 record year. Population 134,366 • XL Brands, LLC, a subsidiary of Population 347,453 • Mitsubishi Power Systems Textile Rubber Corp. is expanding growing faster than expected. its production and shipping Households 46,872 capacity with the purchase of Households 130,609 • Plans for river deepening in 16.3 acres in the Carbondale anticipation of Savannah Port Business Park. Construction Expansion. Household Household Income 60,458 has already started on a new Income 74,653 122,000 SF facility. • Savannah ranks as a Top 5 Average Average container port in the United • Engineered Floors, LLC., a carpet States. Employees Employees (Total) 64,498 manufacturer, has purchased 52 (Total) 129,296 acres in South Whitfield County • JCB officially marks 65th to build a 211,000 SF facility anniversary as robust earnings with plans for future expansion. are restored.Unemployment 12.1% Unemployment 9.5% • New Kohl’s opening Fall of 2011.Total Consumer • Upscale Retail development sites Total Consumer $2,494,255 available. $6,804,089 Expenditure Expenditure • Dalton State College contributed nearly $115 million into the Contact regional economy according to Contact the University System of Georgia. Coldwell Banker Commercial Coldwell Banker Commercial Kinard Realty Platinum Partners 704 S Thornton Ave. 128 Habersham St. Dalton, GA 30720 Savannah, GA 31401 (706) 226-1985 (912) 232-7120 www.cbcnorthgeorgia.com www.cbcplatinum.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy N/A Absorption  Absorption  Absorption  Absorption N/A Rental Rates  Rental Rates  Rental Rates  Rental Rates N/A 16
  • 19. ID - Boise ID - Coeur d’Alene Demographics Market Highlights Demographics Market Highlights Boise City- • Major grocery store expansion Coeur d’Alene, • Overall market is beginning to CBSA CBSA Nampa, ID ID in the Boise area is the top retail stabilize. story for 2011. New to the market Square Miles 11,788 are Whole Foods and Rosauers Square Miles 1,245 • Plenty of REO inventory. Supermarkets. Fred Meyer and Wal-Mart continue to expand • Leasing has picked up in 2011. and generate a positive buzz Population 610,611 throughout the community. Population 140,628 • Development is limited to build- to-suit activity. • A slight decline in overall Households 224,823 vacancies is due to the increased Households 53,154 activity among local, regional and national tenants. Household Household Income 69,877 Income 62,733 Average • Government work led the pack Average with 37 new projects, including Employees road and educational-related Employees (Total) 232,386 projects. Private construction (Total) 49,226 increased this year with 27 new projects. Office/Retail dipped a bit with a total of 5 new projects.Unemployment 9.5% Unemployment 10.5% • Housing prices continue to decline, with current medianTotal Consumer home sale prices below the 2005 Total Consumer $12,789,857 $2,933,601 Expenditure level in all submarkets. Expenditure • The Boise area has seen modest improvements over the last Contact year. Manufacturing has been Contact performing well and services like Coldwell Banker Commercial Healthcare and Retail are starting Coldwell Banker Commercial NRT- Salt Lake City to experience job growth. Schneidmiller Realty 6550 South Millrock Dr., Suite 200 2000 Northwest Blvd. Salt Lake City, UT 84121 Coeur d’Alene, ID 83814 (801) 947-8300 • Unemployment is showing signs of (208) 765-4300 www.coldwellutah.com stabilization. www.cbcsr.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  17
  • 20. IL - Bloomington-Normal, McLean County IL - Champaign County Demographics Market Highlights Demographics Market Highlights Bloomington- • Forbes rates Bloomington- Champaign- • Carle Hospital has begun work CBSA CBSA Normal, IL Urbana, IL Normal #22 on the list of best on a North tower expansion. small places for business and Square Miles 1,184 careers. Square Miles 1,923 • The Office vacancy rate has begun to stabilize. • Retail sales up over 3% in the first quarter. • New retailers have become more Population 168,918 Population 227,494 active looking for space. • Both major healthcare organizations have building • The developer of the UI Research Households 70,687 expansion projects underway. Households 97,325 Park has been awarded a contract extension for the next • Mitsubishi Motors is adding phase of the park. Household a new car model to its Household Income 73,184 Income 61,774 • University Ave. streetscape production line, thus stabilizing Average Average employment. improvements are underway. Employees Employees 69,980 • Campus housing development at 80,156 (Total) (Total) Illinois State University is active. • Heartland Community CollegeUnemployment 7.0% purchased 100 acres for future Unemployment 8.6% growth.Total Consumer Total Consumer $4,038,011 $5,136,400 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Heart of America Realtors Devonshire Realty 802 S Eldorado Rd. 201 W Springfield Ave. Bloomington, IL 61704 Champaign, IL 61820 (309) 662-3377 (217) 352-7712 www.cbhoacommercial.com www.cbcdr.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  18
  • 21. IL - Chicago IL - Chicagoland Demographics Market Highlights Demographics Market Highlights Chicago, Chicago, CBSA Naperville, • The Chicago Industrial market, CBSA Naperville, • Chicago apartments posted a Joliet, IL-IN-WI which is one of the largest in Joliet, IL-IN-WI 5% or less vacancy rate. the country; had several large lease transactions and several • Retail, Multi-Family and Office Square Miles 7,212 Square Miles 7,212 large tenants move out of their construction has remained space. The largest lease was 3M anemic for first half of 2011. for 650,000 SF, and Share Your Population 9,617,804 Soles Foundation (300,000 SF) Population 9,617,804 • In all property types, only a was the largest tenant moving handful of new construction has out of their space. been brought to market. Households 3,484,370 Households 3,484,370 • After two consecutive quarters of • The residential market continues falling vacancies and increased to flounder through 2012. Household absorption in Retail, Office and Household Income 88,029 Industrial, there was an increase Income 88,029 • Location, Location, Location- Average Average holds very true within the in vacancy in all three asset types, primarily in Industrial Chicagoland market. Many high Employees 4,186,171 space. The Multi-Family market Employees 4,186,171 profile Office, Retail, Multi- (Total) (Total) Family and Industrial sales have continued to remain strong with lower vacancies and higher taken place and for the most rental rates. part have been well-located,Unemployment 10.1% Unemployment 10.1% and in areas with increasing job • There has been virtually no new opportunities. construction of Retail or Office space in 2011 and almost all of • According to many reliableTotal Consumer Total Consumer $201,753,353 the new construction completed $201,753,353 sources, the Chicagoland market Expenditure Expenditure has been build-to-suits or pre- is seeing a light at the end of the leased. tunnel, and most likely will be an extremely active and profitable Contact • The residential market has Contact market very soon. shifted. The rental market is Coldwell Banker Commercial very strong and sales of single Coldwell Banker Commercial NRT- Northbrook NRT- Northbrook 2215 Sanders Rd. Suite 350 family homes and condominiums 2215 Sanders Rd. Suite 350 Northbrook, IL 60062 continue to struggle. The value Northbrook, IL 60062 (847) 313-4646 of homes have also continued (847) 313-4646 www.cbcnrtchicago.com to fall. www.cbcnrtchicago.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  19
  • 22. IN - Delaware County KS - Kansas City Metro Area Demographics Market Highlights Demographics Market Highlights • Absorption of suburban Office Kansas City, • 60% of the nation’s animal- CBSA Muncie, IN CBSA MO-KS space is positive. health research and commerce takes place within 100 miles of Square Miles 393 • County Economic Development Square Miles 8,696 the Kansas City region. Arm building new Industrial shell building. • The Kansas City Metro Region consists of 15 counties with Population 115,425 • IBM expands call center in Population 2,332,148 an estimated population of Daleville, IN. 2,332,148, and 8,696 square miles. Households 48,625 • Absorption of Industrial space is Households 819,900 positive. • The Kansas City Region has the nation’s largest Foreign Trade Household • Retail absorption is slow and Household Zone. Income 55,245 rent rates decline slightly. Income 75,785 Average Average • Non-residential building • Vacancy in CBD Office remains construction is up 52% over the Employees high. Rents are trending down. Employees (Total) 42,446 (Total) 914,989 same period last year in Johnson County, KS. • Overall activity has increased. Tenants and buyers are returning • Google is constructing newUnemployment 10.1% to the market to take advantage Unemployment 8.5% ultra high-speed digital of depressed lease rates and communications in both Kansas prices. City, KS and Kansas City, MO.Total Consumer Total Consumer Expenditure 2,493,688.50 Expenditure $46,391,185 • Wyandotte County, KS is expecting over 300 million in commercial building permits in 2011. Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Lunsford Fishman & Company 3601 W Bethel Ave. 1948 E Santa Fe St. Muncie, IN 47304 Olathe, KS 66062 (765) 289-2228 (913) 782-9000 www.coldwellbankercommerciallunsford.com www.cbcfishman.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  20
  • 23. KY - Bowling Green KY - Louisville, Lexington & Elizabethtown Demographics Market Highlights Demographics Market Highlights Bowling Green, Louisville, CBSA • The General Motors Corvette CBSA Jefferson • Some new regional retailers KY plant announced a $131 million County, KY-IN have come to Louisville. expansion for its new Corvette Square Miles 848 model. • Borders closed three stores in Square Miles 4,135 the area. • Bowling Green is a top-five location for business and • Residential constructions is Population 121,646 careers, according to Forbes Population 1,263,217 down. Magazine. • Office leasing is flat. Households 50,840 • Bowling Green is a Top-Ranked Households 506,857 • Downtown arena (YUM Center) Metro by Site Selection magazine. brings new buzz to downtown Household Household Louisville. Income 61,970 • Residential market prices began Income 71,165 Average Average • Ford recently hired 1,800 to rise in the 2nd Quarter 2011. workers for their two plants in Employees the area. 50,727 • Residential home sales are up. Employees 549,941 (Total) (Total) • Western Kentucky University is • This market remains steady located in Bowling Green, KY. with some good employmentUnemployment 8.4% Unemployment 9.5% news at Ford, a good Chamber of Commerce, a new basketball arena downtown and UPS as a major employer in the area.Total Consumer Total Consumer $2,689,729 $27,777,175 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Legacy Real Estate Group McMahan Co. 2435 Fitzgerald Industrial Dr. Suite 102 6402 Railroad Ave. Bowling Green, KY 42104 Crestwood, Kentucky 40014 (270) 781-3844 (502) 241-8811 www.CBCLegacy.com www.cbmcmahan.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  21
  • 24. LA - Lafayette LA - New Orleans Demographics Market Highlights Demographics Market Highlights New Orleans- CBSA Lafayette, LA • Offshore oil drilling has resumed CBSA Metairie, • Ground broken on development with several permits issued Kenner, LA of a $1.2 Billion 424-bed hospital since the oil spill. Three offshore just outside New Orleans. CBD to Square Miles 1,010 platforms have been lost to Square Miles 3,153 accommodate the region’s largest foreign markets, but the net teaching hospital. effect has been positive. • Ground broken on development Population 264,966 • The BP Oil spill fund has helped Population 1,230,886 of a new regional Veterans in the recovery of the highly Administration Hospital adjacent to affected areas. The funding of the new University Medical Center. Households 101,487 the areas was the salvation for Households 469,474 many small businesses, which • New Orleans Bio-Innovation Center otherwise would have been open and operating upwards of Household 65,000 SF to provide space for Income 72,004 devastated. Household Income 83,382 start-up Bio-Tech Companies. Average Average • Very few substantial real estate deals were done because of • Benson Tower: the area’s first LEED Employees Employees (Total) 139,997 the spill. Most real estate deals 458,428 certified Office Tower in CBD is now (Total) were short-term leases for over- open, adding 500,000 SF of class A market prices. inventory to the New Orleans Office market.Unemployment 8.1% • The market has stabilized now Unemployment 8.0% and is in a normal growth cycle. • 1,193-room Hyatt Regency to There is a shortage of industrial reopen on October 19, 2011.Total Consumer buildings and no speculative Provides over 200,000 SF of $5,316,929 Total Consumer Expenditure commercial construction of any Expenditure $24,830,976 exhibition space, conference type in this market. space, and nine restaurants; a monumental milestone in the post- • Medical investment in new Katrina recovery. Contact hospitals and renovations to Contact existing medical facilities has • RTA anticipates completing Coldwell Banker Commercial been strong for the past 12 Coldwell Banker Commercial construction on expansion of street Pelican months. This growth in medical TEC Realtors car line in New Orleans CBD to 806 E St. Mary Blvd. 701 Loyola Ave. Suite 401 Lafayette, LA 70503 should continue for the next New Orleans, LA 70150 French Quarter. This is bringing (337) 233-9541 several years. (504) 566-1777 more Retail, Hospitality, and Office www.cbcpelican.com www.cbctec.com development. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  22
  • 25. ME - Midcoast Region MN - Mankato Demographics Market Highlights Demographics Market Highlights • Retail: Wal-Mart, Tractor Supply Mankato-North • Coldwell Banker Commercial CBSA Rockland, ME CBSA Mankato, MN and a McDonald’s Restaurant Fisher Group office recently plan to be opened in 2012. leased 16,000 SF in the Mankato Square Miles 366 Square Miles 1,205 City Center to Mayo Clinic Health • Vacancy rates continue to fall Systems. As a result, Office due to lack of inventory. vacancy in the downtown area is considerably lower than in the Population 40,753 • Prices are experiencing a slight Population 93,650 past several years. decrease, with an increase in the inventory of available single- • Retail vacancy continues to be low Households 17,284 family homes. Households 39,391 due to a lack of over-development in our community prior to the • Midcoast Maine continues to be recession. Household discovered for its family lifestyle Household Income 65,601 Income 63,447 and growing economy. • Coldwell Banker Commercial Average Average Fisher Group has been contracted • Midcoast Maine has long been to develop a 30,000 SF Industrial Employees Employees 15,971 a great area to work, play and 49,122 property for Volk Transfer. (Total) (Total) raise a family. • There has been an increase • Unemployment in the area is in quality investment propertyUnemployment 7.8% well below the state and national Unemployment 5.9% listings. averages. • Several larger Industrial propertiesTotal Consumer Total Consumer have come on the market in $956,887 $2,158,743 2011. This had previously been Expenditure Expenditure an area in which there were very few existing options for tenants/ owners. Contact Contact • Greater Mankato recently became Coldwell Banker Commercial Coldwell Banker Commercial an MSA. This designation will SoundVest Properties Fisher Group further establish the community 147 Park St. 1400 Madison Ave. Suite #616 Rockland, ME 04841 Mankato, Minnesota 56001 as one of the key areas in which to (207) 596-7478 (507) 625-4715 locate a business in Minnesota. www.soundvest.com www.cbcfishergroup.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  23
  • 26. MN - Minneapolis Metro MO - St. Louis Metro Demographics Market Highlights Demographics Market Highlights Minneapolis- St. Paul, • Uline continues to move CBSA St. Louis, MO-IL • Office: Nestle Purina PetCare Co. CBSA Bloomington, forward with plans to move its is in the market for 100,000 SF. MN-WI distribution facility from Eagan to a new 640,000 SF warehouse Square Miles 9,392 • Industrial: Express Scripts is Square Miles 6,063 and Office building in Hudson, expanding into a new 200,000 WI. SF building in the Northpark development. • Regency Centers closed on Population 2,858,935 Population 3,286,547 125,000 SF Rockridge Center • Nordstrom will open a 144,000 anchored by Cub Foods. SF full-line store in the Saint Households 1,125,496 Louis Galleria in Richmond Households 1,267,913 • Minneapolis Apartment rents Heights in September. continue to increase. Household • Retail: American TV & Appliance Income 74,314 Household • Apartment and Grocery closed its four local stores Income 89,359 Average redevelopment making progress (each 140,000 SF), and Average for downtown Jaguar site. Borders’ books closed three Employees (Total) 1,261,660 stores of 30,000 SF each and Employees (Total) 1,695,892 is liquidating its remaining six stores. Unemployment 9.0%Unemployment 6.9% Total Consumer $61,986,258Total Consumer Expenditure $77,327,395 Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Griffin Companies CRA LLC 615 First Ave NE, Suite 500 8820 Ladue Rd., Suite 200 Minneapolis, MN 55413 St. Louis, MO 63124 (612) 338-2828 (314) 206-4600 www.cbcgriffin.com www.cbcstl.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  24
  • 27. MT - Billings Metro NC - New Hanover County Demographics Market Highlights Demographics Market Highlights CBSA Billings, MT • Base economic drivers; CBSA Wilmington, NC • Wachovia Mortgage vacates Agriculture, Petroleum, 90,000 SF. Healthcare, Mining and Tourism Square Miles 4,683 are seeing moderate expansion. Square Miles 1,924 • New 36,000 SF Office condo breaks ground. • Area residential real estate has been impacted by national • Office is still very sluggish Population 155,673 confidence factors but not local Population 357,853 with major concessions being market factors. offered. Some concessions are as high as 50%. Households 63,905 • New commercial and residential Households 151,270 construction is off of its 2006- • Industrial is also weak, but 2007 highs but has rebounded there is a fair amount of activity. Household in the 1st half of 2011. Household Distribution companies are the Income 68,486 Income 65,863 major players. Average Average • Foreclosure activity has been minimal in both commercial and • Retail seems to be on the mend. Employees Employees 69,806 residential. 126,764 A number of retailers are taking (Total) (Total) advantage of the low rates. • Regional financing has increased The pressure on securing the moderately over 2010 levels. lease is the number of fixedUnemployment 6.1% Unemployment 10.4% rate renewals that the tenant • Transaction activity indicates is demanding. Percentage further expansion in all rents are often non-existent orTotal Consumer commercial economic area Total Consumer extremely low percentages. Expenditure $3,565,123 sectors. Expenditure $8,055,986 Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial The Brokers Sun Coast Partners, LLC 1215 24th St. Suite 240 1430 Commonwealth Dr. Suite 102 Billings, MT 59102 Wilmington, NC 28403 (406) 656-2001 (910) 350-1200 x5861 www.cbcmontana.com www.cbcsuncoast.com Office Retail Office Retail Vacancy  Vacancy  Vacancy N/A Vacancy N/A Absorption  Absorption  Absorption N/A Absorption N/A Rental Rates  Rental Rates  Rental Rates N/A Rental Rates N/A Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy N/A Vacancy N/A Absorption  Absorption  Absorption N/A Absorption N/A Rental Rates  Rental Rates  Rental Rates N/A Rental Rates N/A 25
  • 28. NC - Raleigh NE - Lincoln Demographics Market Highlights Demographics Market Highlights Raleigh-Cary, • Many office tenants upgrading • Retail and Office market moving CBSA CBSA Lincoln, NE NC from B to A space, creating in a positive direction. absorption in A class. Square Miles 2,116 Square Miles 1,414 • National retailers are expanding • Flex space vacancy dropped for to Lincoln: Trader Joe’s, and The the first time in several quarters Vitamin Shoppe. from 18% to 17.25%. Population 1,143,659 Population 299,958 • New construction includes • There is little to no commercial Nebraska Technology Park, (a construction in the Triangle joint project with the University Households 452,721 region; only one small office Households 126,751 of Nebraska), the University building, and two medical Foundation, and private sector projects. investors. Household Household Income 78,408 Income 68,288 • One shopping center of 275,000 • New local businesses or in- Average Average GLA under construction. state businesses are filling the vacancies at shopping centers. Employees Employees 441,442 • Downtown Raleigh remains 142,514 (Total) (Total) strongest submarket. • Lincoln has the 2nd lowest unemployment rate in the country.Unemployment 8.5% Unemployment 4.1%Total Consumer Total Consumer $25,677,307 $7,086,678 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial TradeMark Properties Thompson Realty Group 1001 Wade Ave. Suite 300 5617 Thompson Creek Blvd. Suite 7 Raleigh, NC 27605 Lincoln, NE 68516 (919) 782-5552 (402) 421-7700 www.cbctmp.com www.cbcthompson.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy N/A Absorption  Absorption  Absorption  Absorption N/A Rental Rates  Rental Rates  Rental Rates  Rental Rates N/A 26
  • 29. NJ - Cape May County NJ - Northern Demographics Market Highlights Demographics Market Highlights New York- CBSA Ocean City, NJ • Commercial values are Northern New • Panasonic is relocating its CBSA becoming pragmatic. Jersey-Long headquarters to Newark. Island, NY Square Miles 255 • Residential foreclosures creating Square Miles 6,726 demand for Apartment rentals. • Courtyard by Marriott is the first Population 95,922 new hotel in downtown Newark Population 19,124,092 in over 3 decades. Households 40,463 • Discounts on REO Properties are Households 7,086,346 receding. Household • Apartments are strong, like they Income 78,656 Household are everywhere. Most deals Average Income 95,352 are being done direct, with the Average exception of development deals. Employees 29,003 (Total) Employees 7,711,074 • Demand in Multi-Family remains (Total) extremely high.Unemployment 9.5% Unemployment 9.5%Total Consumer $2,306,527 Expenditure Total Consumer $406,546,460 Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Sol Needles NRT-Parsippany 512 Washington St. 1 Campus Dr. Cape May, NJ 8204 Parsippany, NJ 7054 (609) 884-8428 (888) 829-0221 www.cbcworldwide.com www.cbcnrtnewjersey.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates N/A Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy N/A Vacancy  Vacancy  Vacancy  Absorption N/A Absorption N/A Absorption  Absorption  Rental Rates N/A Rental Rates  Rental Rates  Rental Rates  27
  • 30. NM - Albuquerque NV - Carson City Demographics Market Highlights Demographics Market Highlights Albuquerque, • Planet Fitness continues to • The market has seen a major CBSA CBSA Carson City, NV NM expand in the metro area with drop in Industrial vacancy rate. five stores currently open and Square Miles 9,288 two more scheduled to open Square Miles 143 • Commercial sales volume is before the end of the year. increasing. • Dick’s Sporting Goods is entering • Rents stabilizing across all Population 863,887 the market, as is Panera Bread, Population 55,156 property types. and Chipotle Mexican Grill. • Leasing activity is strong. Households 333,497 • There are several new Office Households 23,432 construction projects currently • Commercial bank-owned under way. Federal agencies and properties are hitting the market. Household some local firms are building Household Income 65,279 new facilities to accommodate Income 69,548 • Multi-Family market is making a Average Average comeback. growth. Employees Employees (Total) 313,234 • The residential market remains (Total) 25,284 flat with little new home construction and prices of existing homes remaining level.Unemployment 8.2% Unemployment 12.5% • Retail continues to rebound, as several new chains toTotal Consumer Albuquerque are backfilling Total Consumer $18,367,936 space left vacant by the exit of $1,324,454 Expenditure Expenditure Mervyn’s, Circuit City, Linens & Things and Borders. Contact • Unemployment remains below Contact national levels. Coldwell Banker Commercial Coldwell Banker Commercial Las Colinas Premier Brokers 4801 Lang Ave NE, Suite 100 223 S Division St. Albuquerque, NM 87109 Carson City, NV 89703 (505) 563-4650 (775) 888-6200 www.lcrealty.com www.CBNevada.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  28
  • 31. NV - Reno/Sparks NY - Albany Demographics Market Highlights Demographics Market Highlights Reno-Sparks, Albany, CBSA • New construction of a Toy’s CBSA Schenectady, • GlobalFoundries $4.6 billion NV “R” Us distribution center of Troy, NY chip fabrication plant is under 300,000 SF. construction in Malta, NY. Square Miles 6,606 Square Miles 2,817 • Mountain Shadow LLC defaults • ShopRite Supermarkets entering on a $35,000,000 note on an Albany, NY market. Apartment complex. Population 420,676 Population 859,707 • Construction of the Waters View • New construction of an Urban Apartments, with 222 units on Outfitters distribution center of the Hudson River, is expected to Households 164,527 460,000 SF. have first tenants move in this Households 358,803 December. • Total Wine and More enters the Household Reno/Sparks MSA with 18,000 Household • First Niagara Bank acquires 195 Income 79,751 SF store. Income 73,105 HSBC branches in upstate NY Average Average and CT. • Survey conducted by Clay & Employees 208,488 Associates shows confidence Employees 351,131 (Total) (Total) is building in the business environment.Unemployment 13.0% Unemployment 7.2%Total Consumer Total Consumer $9,586,214 $20,261,924 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Clay & Associates Prime Properties 5011 Meadowood Mall Cir. Suite 201 621 Columbia St. Reno, NV 89502 Cohoes (Albany), NY 12047 (775) 829-5900 (518) 785-9000 www.cbcreno.com www.coldwellbankeralbany.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  29
  • 32. NY - New York City ON - Greater Toronto Area Demographics Market Highlights Demographics Market Highlights New York- Toronto, Northern New • Conde Nast Publications took CBSA • Canadian Tire Acceptance moved CBSA Canada Jersey-Long 1,046,260 SF in the World Trade in and took 25,000 SF of flex Island, NY Center. space. Square Miles 2,279 Square Miles 6,726 • No new construction in New York • Vacancy is stabilizing as City’s Manhattan market since businesses are doing new 3rd Quarter of 2010. leases. There has been little new Population 5,555,912 construction. Population 19,124,092 • No new construction of any significance is anticipated • 700,000 SF of new office space, until 1st Quarter 2013; where Households 1,800,000 which represents about 2% growth. Households 7,086,346 it is estimated in excess of 9,000,000 SF of construction • Canadian Central Office markets taking place in the ensuing Household delivered far better results in Income 63,500 Household 18-month period. 2010 than expected. Toronto Income 95,352 Average was the strongest city in North Average America. Canada’s Office markets Employees (Total) 2,919,410 are expected to see steady Employees (Total) 7,711,074 growth. Central market vacancies are at historic lows. Most of the downtown Office markets Unemployment 7.2% experienced gains during theUnemployment 8.6% downturn. Total Consumer • Industrial demand experienced $150,924,600 clear improvements and rates areTotal Consumer Expenditure $406,546,460 expected to increase. Expenditure • Retail: some retailers scaled back Contact Contact or closed their doors, but others seized the opportunity to expand Coldwell Banker Commercial Coldwell Banker Commercial and/or introduce new formats. REalta Group Integrity Real Estate, Brokerage Retail was the most sought-after 1430 Broadway, 9th Floor 1384A Cornwall Rd. New York, NY 10018 Oakville, ON L6J7W5 property among investors over (212) 344-0300 (905) 338-8877 x228 the past year, equal to 31% of the www.cbcrealta.com www.cbci.ca overall investment volume. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy N/A Vacancy  Vacancy  Vacancy N/A Absorption N/A Absorption  Absorption  Absorption N/A Rental Rates N/A Rental Rates  Rental Rates  Rental Rates N/A 30
  • 33. OR - Portland OR - Salem Demographics Market Highlights Demographics Market Highlights Portland, Vancouver, • Overall, Multi-Family rents have CBSA Salem, OR • Closings increased 10% during CBSA Beaverton, been slowly but steadily rising the first half of 2011 versus the OR-WA and were up about $40/unit last half of 2010. year-over-year. Square Miles 1,925 Square Miles 6,684 • Lease rates and property values • Total Office building sales activity are beginning to stabilize from in 2011 is up compared to 2010. the 25 - 30% compression Population 399,131 throughout 2010. Population 2,261,246 • The largest Retail project currently underway is Wilsonville • New construction remains Old Town Square, a 250,000 SF Households 148,354 slow, although existing projects Households 878,239 center that is approximately 60% are leasing up, signaling the pre-leased. beginning of a new real estate Household cycle. Income 61,094 Household • Retail cap rates have decreased Income 73,445 Average in 2011, averaging 7.43% • Two residential condominium Average compared to the same period projects (+/- 100 units) continue Employees in 2010, when they averaged (Total) 119,269 to struggle and search for a Employees (Total) 952,611 8.54%. solution. • In the Industrial sector, Intel is • With the opening of Trader Joe’s, building a 1,800,000 SF building Unemployment 10.0% South Salem sees revitalizationUnemployment 9.2% and Subaru is constructing a and enjoys renewed market 413,700 SF facility that is 100% activity. pre-leased. Total Consumer $8,037,740Total Consumer Expenditure Expenditure $50,356,316 • Industrial vacancy hovers around 9%, while Retail is a healthy 5.8% and Office is in the double Contact digits at 11.0%. Contact Coldwell Banker Commercial Coldwell Banker Commercial Mountain West Real Estate Mountain West Real Estate 2545 SW Spring St. Suite 200 960 Liberty St. SE, Suite 250 Portland, OR 97219 Salem, OR 97302 (503) 227-2934 (503) 588-3508 www.cbcre.com www.cbcre.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  31
  • 34. PA - Northeastern PA - Southwestern Region Demographics Market Highlights Demographics Market Highlights Scranton- CBSA Wilkes-Barre, • There is increased activity due CBSA Pittsburgh, PA • Steady growth in the Pittsburgh PA to Marcellus Shale Industry area. (Wyoming, Susquehanna, Pike & Wayne counties). Square Miles 5,280 • Stronger market than most of Square Miles 1,747 the country. • Medical College (TCMC) is being built in Scranton. • Gas companies are buying and Population 549,920 Population 2,355,582 leasing properties. • Increased activity around Mohegan Sun Casino. Households 233,775 Households 991,049 • Stable local real estate economy; median home prices falling Household slightly. Household Income 58,775 Income 69,762 Average Average Employees Employees 245,015 1,064,896 (Total) (Total)Unemployment 9.2% Unemployment 7.4%Total Consumer Total Consumer $12,418,233 $54,309,411 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Town & Country NRT - Pittsburgh 651 Northern Blvd. 9600 Perry Hwy. Suite 200 Clarks Summit, PA 18411 Pittsburgh, PA 15237 (570) 587-5550 (412) 548-1064 www.cbcworldwide.com www.cbcworldwide.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  32
  • 35. SC - Charleston Metro SC - Columbia Demographics Market Highlights Demographics Market Highlights Charleston- CBSA North • Trader Joe’s plans to open its CBSA Columbia, SC • The largest lease signings for Charleston, SC first location in the Charleston the fist 6 months of 2011: Office Metro Area at the end of July, a - SC Chamber of Commerce Square Miles 2,591 14,700 SF space, formerly an Square Miles 3,701 14,371 SF; Retail - Steinmart Antique Mall site. 31,675 SF; Industrial - Interstate Resource Group 185,600 SF. • Assembly of the first Boeing 787 Population 665,272 plane at the new assembly plant Population 751,082 • Office and Retail have had in North Charleston is under way. positive absorption for the first two quarters of 2011 of 80,286 • A reported 10 new Multi-Family Households 300,796 SF and 244,575 SF respectively. Households 262,007 developments are on the board Industrial has had negative for the region, with a combined absorption of SF. Household rental unit count over 2,200. Household Income 72,395 Income 67,472 Average • The Office market delivered Average • The Port of Charleston sees two buildings totaling 6,000 SF its largest container ship to in 2011 and there is 11,825 Employees Employees 253,170 date, the 9,200-TEU MSC (Total) 287,817 SF under construction. Retail (Total) Bruxelles. This is heightening delivered 8 buildings totaling the anticipated increase of 138,330 SF and there is post-Panamax vessels once 145,915 under construction. Unemployment 10.0%Unemployment 9.8% the Panama Canal expansion is Industrial has delivered one completed in 2014. building for 2,400 SF and has no new space under construction. • Charleston Metro residential Total ConsumerTotal Consumer $15,418,638 Expenditure $13,814,976 sales saw a 29% increase in July Expenditure • Columbia has shown a slight 2011 from July 2010. increase of 1.3% in median home prices, which could • The 2012 PGA Championship is indicate some stabilization in the Contact being held at Kiawah Island Golf Contact residential market. Resort and is expected to have Coldwell Banker Commercial an economic impact on the state Coldwell Banker Commercial • Rental rates for Office and Retail Atlantic International, Inc. of over $190 million. United, Realtors have increased very slightly in 3506 W Montague Ave. Suite 200 1711 Gervais St. North Charleston, SC 29418 Columbia, SC 29201 2011, while Industrial rates have (843) 744-9877 (803) 799-4663 decreased. www.cbcatlantic.com www.cbccarolinas.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  33
  • 36. SC - Greenville/Spartanburg TN - Knoxville/East Tennessee Demographics Market Highlights Demographics Market Highlights Greenville- CBSA Mauldin-Easley, • Recently, there has been CBSA Knoxville, TN • Publix and Target have SC downtown Apartment and Office announced plans to locate in the construction. new Northshore Town Center. Square Miles 2,002 Square Miles 1,857 Publix plans to have its second • TD Bank transition complete; Knoxville location in the Turkey Certus Bank comes to upstate. Creek Retail Development. Population 644,419 • GE driving green initiative with Population 702,994 • The Kroger Company has broken the City of Greenville. ground on a 117,000 SF Kroger Market Place plus 18,000 SF of • Charleston Port deepening Households 297,456 local shops in West Knoxville. Households 263,044 study-funding approved; upstate responsible for 60% of port • Aldi and Academy Sports have Household activity. Household broken ground for new stores in Income 64,851 Income 64,861 Average West Knoxville. Average • Tangible spin-off business in the upstate has been a result of • Cosco has plans approved for a Employees Employees 288,021 Boeing locating in Charleston. 307,125 new store in Farragut, a suburb (Total) (Total) in west Knox County, close to the • BMW and Michelin continue to ever growing Turkey Creek Retail drive ICAR campus growth. Development.Unemployment 9.8% Unemployment 8.3% • Whole Foods has announced it will be opening its first store Total Consumer West Knoxville.Total Consumer $16,066,241 $13,898,824 Expenditure Expenditure • The Residential market continues a modest recovery. • Knoxville ranked 9th in Forbes’ Contact Contact 2011 “Best Cities for Jobs.” Coldwell Banker Commercial Coldwell Banker Commercial Caine Wallace and Wallace 200 East Broad St. Suite 200 124 N Winston Rd. Greenville, SC 29601 Knoxville, TN 37919 (864) 250-2000 (865) 690-1111 www.cbccaine.com www.cbcww.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  34
  • 37. TN - Metro Chattanooga, TN-GA TX - Austin Demographics Market Highlights Demographics Market Highlights Chattanooga, • Amazon has leased a 1 million Austin-Round CBSA TN-GA CBSA Rock, TX • 223,000 SF Macy’s at Highland SF building under construction Mall, which was bought by for a new distribution center that the Austin Community College Square Miles 2,089 will create 250 new jobs. Square Miles 4,224 District for $5 million ($22 PSF). The school later purchased the • Wacker Chemie, a German JC Penny’s at the mall and now company, has purchased 350 owns all of it. Population 526,490 acres for a $5.4 billion new Population 1,730,983 plant to manufacture hyperpure • The 336-unit Colonial Grand polycrystalline silicon. They will changed hands for $28.4 million Households 211,265 employ 650 new workers and is Households 665,762 or $84,500 per unit. scheduled to open in 2013. • $19.89 million in construction Household • Volkswagen has a new assembly Household Income 62,455 Income 74,027 financing was originated for Average plant that has begun production Average Lotus Village Apartments, a 222- on the 2011 Passat. This plant unit apartment community that Employees has created 2,000 new jobs. Employees will be located at 300 Ferguson 208,265 622,577 (Total) (Total) Dr. in Austin. The community will • Whirlpool Corporation has consist of 10 three- or four-story broken ground on a new 1.4 buildings with an average 922 million SF green production SF per unit.Unemployment 9.1% Unemployment 7.6% facility that will replace an older plant. • Austin’s Crossroads Center sold for $14.25 M.Total Consumer • Commercial activity has Total Consumer $11,057,222 increased significantly in the last $37,736,918 Expenditure Expenditure • Austin Office vacancies are at quarter. the lowest point since 2008. • This market is positioned for • The 97,550 SF Jefferson Contact tremendous growth in the Contact Building in Austin sold for $13.5 next 5 years. In addition to million ($138 PSF). Coldwell Banker Commercial Volkswagen, many automotive Coldwell Banker Commercial Hamilton & Associates, LLC suppliers are relocating to the United, Realtors 2650 Peerless Rd. NW 2121 Sage Rd. Suite 150 Cleveland, TN 37312 area. Houston, TX 77056 (423) 476-5535 (713) 840-5000 www.hamiltoncommercial.com www.cbcunitedrealtors.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  35
  • 38. TX - Brenham TX - Bryan-College Station Demographics Market Highlights Demographics Market Highlights • Commercial is still sluggish. College Station- • Texas A&M building continues CBSA Brenham, TX CBSA Bryan, TX to be strong especially in the • Cash buyers of Land and Ranch Health Science/Bio-Medical Square Miles 609 increasing from Houston and Square Miles 2,106 Fields. Austin. • Multi-Family is exceptionally • Interest in new residential strong. 3,000 units are either Population 33,135 development is accelerating. Population 214,971 under construction or in the permitting phase. • Residential inventory is tight. Households 13,498 Households 88,655 • Retail growth remains stable. • Multi-Family, Land and New Lowes Center and H-E-B Ranch are leading real estate anchored centers are leasing up. Household segments. Household Income 61,055 Income 58,938 • Housing remains relatively flat. Average • International interest is Average significantly increasing. • Office market remains stable Employees Employees 12,090 60,491 with new construction around (Total) (Total) the Park Hudson development.Unemployment 8.2% Unemployment 7.3%Total Consumer Total Consumer $688,949 $4,475,811 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Southwest Partners United, Realtors 850 FM 390 Rd. E 2121 Sage Rd. Suite 150 Brenham, TX 77833 Houston, TX 77056 (979) 421-9996 (713) 840-5000 www.cbcsouthwestpartners.com www.cbcunitedrealtors.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  36
  • 39. TX - Fort Worth TX - Houston Demographics Market Highlights Demographics Market Highlights Dallas-Fort Houston- CBSA Worth-Arling- • The city plans $30 million in CBSA Sugar Land- • Chevron purchases a 50-story ton, TX capital improvements to jump Baytown, TX downtown office tower for start redevelopment. The Lake $340 million from Brookfield Square Miles 8,990 Worth Vision land-use plan Square Miles 8,928 Properties, who acquired the includes a Town Center sector property for $120 million in that would help the revitalization 2006. of the Casino Beach area. Population 6,521,652 Population 5,937,339 • ExxonMobil confirms that it will • $37m in financing has been construct an Office campus on made available for Broadstone 385 acres in North Houston, Households 2,375,452 Centreport, a 452-unit Households 2,084,052 just south of the Woodlands. Apartment complex in Fort Construction will begin in 2014 Worth. with full-occupancy by late 2015. Household Household Income 82,482 • Coppell Industrial Center, a Income 87,941 • NASA and the Houston-Clear Average Average 375,000 industrial building Lake Market brace for impact recently sold. of the retirement of the space Employees Employees 2,621,455 2,246,860 shuttle program. (Total) (Total) • A study released by PWC ranked Houston #1 in the world in termsUnemployment 8.6% Unemployment 9.0% of cost of living advantage and purchasing power. • Oil prices continued theirTotal Consumer Total Consumer Expenditure $135,840,719 Expenditure $119,698,033 upward movement, reaching $114 before returning to more normalized levels. Contact Contact • Houston named “City of the Year” by Fast Company Coldwell Banker Commercial Coldwell Banker Commercial because of small business and Searcy Vasseur Group United, Realtors entrepreneurial attraction. 6323 Camp Bowie Blvd. Suite 101 2121 Sage Rd. Suite 150 Fort Worth, TX 76116 Houston, TX 77056 (817) 335-7575 (713) 840-5000 www.cbcsvgroup.com www.cbcunitedrealtors.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  37
  • 40. TX - Lubbock TX - San Antonio Demographics Market Highlights Demographics Market Highlights CBSA Lubbock, TX • Economist, M. Ray Perryman, CBSA San Antonio, TX • San Antonio is turning the President of the Perryman Group, corner; several undeveloped indicated Texas in general, and commercial tracts are moving. Square Miles 1,799 Lubbock in particular, should Square Miles 7,340 be out of the gate fastest with • Several Multi-Family acquisitions a national recovery picking up in 2011. momentum in the second half of Population 279,239 2011 with a growth rate of about Population 2,093,608 • Several strip shopping center 4.5% per year. transactions in the $10-$25M range in 2011. Households 111,087 • Retail sales continue to show Households 749,986 improvement and are up 3.5% • $28M data center and $4.5M over 2010’s year-to-date levels. FEX distribution transactions in Household Household 2011. Income 57,245 Second quarter results for 2011 Income 69,352 Average were almost 2% ahead of second Average quarter 2010. • Texas A&M breaking ground on new campus in San Antonio Employees Employees (Total) 101,281 • The Texas Tech University System (Total) 730,244 ranked 46th out of the nation’s • Bottoms close in Multi-Family Top 100 institutions as it attempts while other segments are still to complete its capital campaign searching for bottoms.Unemployment 7.3% Unemployment 8.1% of raising $1 billion by the end of 2013 – a ranking improvement of 14 spots over 2009.Total Consumer Total Consumer 5,682,097.2 $41,231,261 Expenditure • Texas Tech University will partner Expenditure with Sandia National Laboratories and Group NIRE to build and operate a new wind energy testing Contact facility expected to be operational Contact soon. Coldwell Banker Commercial Coldwell Banker Commercial Rick Canup, Realtors • Construction has been completed Southwest Partners 4924 S. Loop 289 850 FM 390 Rd. E Lubbock, TX 79414 on the $10.8 million, 112,000 Brenham, TX 77833 (806) 793-0888 SF corporate headquarters for (979) 421-9996 www.cbclubbock.com Standard Sales Company. www.cbcsouthwestpartners.com Office Retail Office Retail Vacancy   Vacancy   Vacancy  Vacancy  Absorption   Absorption   Absorption  Absorption  Rental Rates   Rental Rates   Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy   Vacancy   Vacancy  Vacancy  Absorption   Absorption   Absorption  Absorption  Rental Rates   Rental Rates   Rental Rates  Rental Rates  38
  • 41. TX - South Central TX - Victoria County Demographics Market Highlights Demographics Market Highlights CBSA San Antonio, TX • National Security Agency CBSA Victoria, TX • Gold’s Gym and Pier One Imports occupied a new facility. announces new store openings. Square Miles 7,340 • Medtronic moves its Square Miles 2,248 • Retail occupancy remains headquarters to San Antonio. unchanged. • Boeing continues expansion, • Caterpillar announces an Population 2,093,608 with high employment. Population 115,980 additional facility. • Housing market remains tight Households 749,986 Households 41,805 due to Eagle Ford Shale. • Industrial and Office sectors Household Household experiencing positive absorption. Income 69,352 Income 66,662 Average Average • This market is headed for a housing shortage. Employees Employees 730,244 41,963 (Total) (Total)Unemployment 8.1% Unemployment 7.7%Total Consumer Total Consumer $41,231,261 $2,262,143 Expenditure Expenditure Contact Contact Coldwell Banker Commercial Coldwell Banker Commercial Alamo City The Ron Brown Company 18756 Stone Oak Pkwy., Suite 202 2505 N Navarro St. San Antonio, TX 78258 Victoria, Texas 77901 (210) 483-6250 (361) 573-6191 www.cbcalamo.com www.ronbrown.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  39
  • 42. UT - Salt Lake County VA - Lynchburg Demographics Market Highlights Demographics Market Highlights Salt Lake City, • Kraftmaid Industrial facility • Lynchburg has been able to keep CBSA CBSA Lynchburg, VA UT 867,494; Backcountry.com all the larger tenants in the area Industrial 325,800; Fusion-IO but hasn’t seen any new ones Square Miles 9,539 Office 150,000; Unisys Office Square Miles 2,124 come in. 154,797; Scheel’s Retail 220,000; O’Reilly Auto parts all • Vacancy rates are generally sever locations. falling due to the slight uptick in Population 1,140,107 Population 248,585 the local economy. • Utah’s economy as a whole continues to outperform the • Minimal construction is taking Households 376,706 nation and remains one of the Households 100,680 place in the Central Virginia most fundamentally sound. area, especially with respect to large scale jobs. A new car Household • Under construction - Industrial Household dealership has just broken Income 82,120 Income 58,652 Average 2,000,000 SF; Office 125,000 Average ground, and a local credit union SF, and Retail 325,000 SF. is about halfway done with Employees Employees another branch location. (Total) 567,447 • UT has a low unemployment rate (Total) 96,796 compared to national levels. • The Residential side is still down with no movement in the high- • Rate of national firms expanding end houses, although low to mid-Unemployment 7.6% in Utah is increasing. Unemployment 7.1% range houses are still moving. • Ranked by Forbes as the #1 best • The unemployment rate isTotal Consumer state for business careers. Total Consumer showing a hint of downward $22,480,594 $5,133,427 motion. Expenditure Expenditure • The Lynchburg market is generally a stable market that Contact Contact tends not to follow the major swings in the economy that Coldwell Banker Commercial Coldwell Banker Commercial many other localities are tied NRT- Salt Lake City Read and Co. to. This is due in part to the 6550 South Millrock Dr., Suite 200 2508 Langhorne Rd. Salt Lake City, UT 84121 Lynchburg, VA 24501 diversified Industrial base. (801) 947-8300 (434) 455-2285 www.coldwellutah.com www.cbcworldwide.com Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy N/A Vacancy  Vacancy  Absorption  Absorption N/A Absorption  Absorption  Rental Rates  Rental Rates N/A Rental Rates  Rental Rates  40
  • 43. WA - Clark County WA - Puyallup, Pierce County Demographics Market Highlights Demographics Market Highlights Portland- Seattle- Vancouver- • Development of the Vancouver CBSA Tacoma- • Parametrix 37,000 SF, Lucamerica CBSA Beaverton, waterfront will reconnect 35 Bellevue, WA 80,000 SF and Westwood Shipping OR-WA acres along the Columbia River Lines 20,000 SF all landed new to the city’s historic core, creating Square Miles 5,894 corporate headquarters. Square Miles 6,684 a vibrant community for all to explore. • Vacancies in all types of CRE remain stable or slightly on the • Apartment vacancies are low, Population 3,433,786 increase. Population 2,261,246 hovering around 4%. Rent is moving upwards slowly due to 9% • Hospital expansion, Medical unemployment rates. Institutional Office buildings and Hospitality Households 1,373,207 Households 878,239 investors are investing in the local expansion comprise most of the apartment market. new construction the area. Household Household • Development land prices continue Income 86,419 • Home prices continue to slide. Income 73,445 Average to drop with no increase in Average • The national and global economy interest from buyers. Employees 1,502,591 has stalled investor interest in CRE Employees (Total) in the Q3 2011. (Total) 952,611 • Small industrial companies are very active and a few large companies are becoming • Joint Forces Lewis-McCord military active. Banks are getting more Unemployment 9.3% bases keep our local economyUnemployment 9.2% aggressive and holding rates low more stable than most tertiary while extending terms. markets. Total Consumer • Port of Tacoma is a strongTotal Consumer • Several Big Box retail Expenditure $82,749,123 Expenditure $50,356,316 development projects have been economic engine for the South completed, including: Costco, Wal- Puget Sound and is a major Mart, Home Depot and Lowes. gateway to Asia and Alaska. The port is among the largest container Contact Contact • The Ports of Clark County and automotive ports in North Coldwell Banker Commercial (Vancouver, Camas and Coldwell Banker Commercial America. Several large land tracks Jenkins-Bernhardt Associates Washougal) have brought in new Offenbecher in Pierce County are planned with 1500 D St. 101 S Meridian rail to serve the NW in Pierce Vancouver, WA 98663 businesses that are stimulating Puyallup, WA 98371 (360) 699-4494 job creation. (253) 840-5574 County creating opportunities for www.CBCWorldWideNW.com www.offenbecher.com distribution centers. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Multi-Family Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  41
  • 44. WA - South King County WA - Thurston County Demographics Market Highlights Demographics Market Highlights Seattle- CBSA Tacoma- • Weyerhaeuser has been CBSA Olympia, WA • REI has moved to the area; Bellevue, WA selling off subsidiaries. They stimulating additional Retail activity are transitioning from a forest in and around the area’s largest Square Miles 5,894 products giant to a smaller real Square Miles 727 mall. Unemployment rate is much estate investment trust. lower than surrounding counties. New construction Multi-Family • Overall vacancy rates are leveling projects are starting up, as vacancy off due to landlords lowering their Population 253,654 Population 3,433,786 rates are low and the forecast looks rates to true market levels. bright well into the future. • The Multi-Family sector is strong. Households 100,414 • Some significant large Office Households 1,373,207 Rising rents and falling vacancy buildings have gone through rates have developers lining up foreclosure. The state has at the permit counter. Some are Household Household Income 74,489 consolidated operations is creating Income 86,419 saying that this sector may be higher vacancies in the Office Average Average overheating. sector. Employees Employees 1,502,591 • Residential prices are stabilizing. (Total) 68,733 • New construction in Office and (Total) Year-over-year sales continue to Industrial is low due to oversupply. grow. Retail and Multi-Family are seeing some activity.Unemployment 9.3% • Boeing and other aerospace Unemployment 8.5% companies are at the beginning of • The residential markets are another 10-year boom cycle. This bottoming out with many properties should help the region see faster Total Consumer selling at or just above pricesTotal Consumer $5,844,779 Expenditure $82,749,123 growth. Expenditure from 2009-10. Overall demand is still low while consumers rebuild • South King County is bordered confidence. by the Puget Sound to the West Contact and the Cascade Mountains to Contact • Market is transitioning from a the East. People can do many government-based economy Coldwell Banker Commercial different activities such as fishing, Coldwell Banker Commercial to a private-sector-base. The Danforth & Associates skiing, or bicycling within an hour Evergreen Olympic Realty, Inc. government budget is stalling 33313 First Way S 3333 Capitol Blvd. S Federal Way, WA 98003 of where they live. One of the best Olympia, WA 98501 activity, but has set market prices (253) 874-3200 places in the U.S. to live and work. (360) 352-7651 at levels not seen in approximately www.cbcdanforth.com www.cbcworldwide.com a decade. Office Retail Office Retail Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  Industrial Industrial Industrial Multi-Family Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  42
  • 45. WI - Janesville/Beloit Demographics Market Highlights CBSA Janesville, WI • St. Mary’s Dean new 313,000 SF hospital scheduled to open at the end of the year. Square Miles 720 • Food-related manufacturers invested $65.9 million in new facilities and operations, Population 160,224 creating approximately 300 jobs. • NorthStar Medical Radioisotopes Households 63,135 announces $150M / 82,000 SF facility in Beloit’s Gateway Park. Household • Blain Supply Inc. (Blain’s Farm Income 63,711 & Fleet) expanded its corporate Average campus and distribution facility. Blain Supply Inc. has close to Employees (Total) 63,044 600,000 SF in warehouse, and added 43,000 SF to its corporate headquarters building.Unemployment 10.1%Total Consumer $3,478,456 Expenditure Contact Coldwell Banker Commercial McGuire Mears & Associates 400 Midland Ct. Suite 101 Janesville, WI 53546 (608) 752-6325 www.mcguiremears.com Office Retail Vacancy  Vacancy  Absorption  Absorption  Rental Rates  Rental Rates  Industrial Multi-Family Vacancy  Vacancy N/A Absorption  Absorption N/A Rental Rates  Rental Rates N/A 43
  • 46. Index by State Index by Market AL - Dothan, Houston County 2 Albany, NY 29 AL - Montgomery County 2 Albuquerque, NM 28 AR - Hot Springs 3 Athens, GA 14 AR - Little Rock 3 Atlanta Greater MSA, GA 15 CA - Inland Empire/Victor Valley 4 Atlanta, GA 15 CA - Los Angeles 4 Austin, TX 35 CA - Los Angeles, Westside 5 Billings Metro, MT 25 CA - Modesto, Stanislaus County 5 Bloomington-Normal, McLean County, IL 18 CA - Northern California/Bay area 6 Boise, ID 17 CA - Orange County 6 Bowling Green, KY 21 CA - Redding 7 Brenham, TX 36 CA - Sacramento 7 Bryan-College Station, TX 36 CA - Temecula 8 Cape May County, NJ 27 CA - San Fernando/San Gabriel Valley 8 Carson City, NV 28 CO - Mesa County 9 Champaign County, IL 18 CO - Southwest 9 Charleston Metro, SC 33 FL - Daytona Beach-Ormond Beach 10 Chicago, IL 19 FL - Florida Keys 10 Chicagoland, IL 19 FL - Jacksonville 11 Clark County, WA 41 FL - Lakeland-Winter Haven 11 Coeur d’Alene, ID 17 FL - Orlando 12 Columbia, SC 33 FL - Port St. Lucie 12 Dalton, Whitfield County, GA 16 FL - Sarasota, Manatee, Charlotte Counties 13 Daytona Beach-Ormond Beach, FL 10 FL - South 13 Delaware County, IN 20 FL - Southwest 14 Dothan, Houston County, AL 2 GA - Athens 14 Florida Keys, FL 10 GA - Atlanta 15 Fort Worth, TX 37 GA - Atlanta Greater MSA 15 Greater Toronto Area, ON 30 GA - Dalton, Whitfield County 16 Greenville/Spartanburg, SC 34 GA - Savannah 16 Hot Springs, AR 3 ID - Boise 17 Houston, TX 37 ID - Coeur d’Alene 17 Inland Empire/Victor Valley, CA 4 IL - Bloomington-Normal, McLean County 18 Jacksonville, FL 11 IL - Champaign County 18 Janesville/Beloit, WI 43 IL - Chicago 19 Kansas City Metro Area, KS 20 IL - Chicagoland 19 Knoxville/East Tennessee, TN 34 IN - Delaware County 20 Lafayette, LA 22 KS - Kansas City Metro Area 20 Lakeland-Winter Haven, FL 11 KY - Bowling Green 21 Lincoln, NE 26 KY - Louisville, Lexington & Elizabethtown 21 Little Rock, AR 3 LA - Lafayette 22 Los Angeles, CA 4 LA - New Orleans 22 Los Angeles, Westside, CA 5 ME - Midcoast Region 23 Louisville, Lexington & Elizabethtown, KY 21 MN - Mankato 23 Lubbock, TX 38 MN - Minneapolis Metro 24 Lynchburg, VA 40 MO - St. Louis Metro 24 Mankato, MN 23 MT - Billings Metro 25 Mesa County, CO 9 NC - New Hanover County 25 Metro Chattanooga, TN-GA, TN 35 NC - Raleigh 26 Midcoast Region, ME 23 NE - Lincoln 26 Minneapolis Metro, MN 24 NJ - Cape May County 27 Modesto, Stanislaus County, CA 5 NJ - Northern 27 Montgomery County, AL 2 NM - Albuquerque 28 New Hanover County, NC 25 NV - Carson City 28 New Orleans, LA 22 NV - Reno/Sparks 29 New York City, NY 30 NY - Albany 29 Northeastern, PA 32 NY - New York City 30 Northern California/Bay area, CA 6 ON - Greater Toronto Area 30 Northern, NJ 27 OR - Portland 31 Orange County, CA 6 OR - Salem 31 Orlando, FL 12 PA - Northeastern 32 Port St. Lucie, FL 12 PA - Southwestern Region 32 Portland, OR 31 SC - Charleston Metro 33 Puyallup, Pierce County, WA 41 SC - Columbia 33 Raleigh, NC 26 SC - Greenville/Spartanburg 34 Redding, CA 7 TN - Knoxville/East Tennessee 34 Reno/Sparks, NV 29 TN - Metro Chattanooga, TN-GA 35 Sacramento, CA 7 TX - Austin 35 Salem, OR 31 TX - Brenham 36 Salt Lake County, UT 40 TX - Bryan-College Station 36 San Antonio, TX 38 TX - Fort Worth 37 San Fernando/San Gabriel Valley, CA 8 TX - Houston 37 Sarasota, Manatee, Charlotte Counties, FL 13 TX - Lubbock 38 Savannah, GA 16 TX - San Antonio 38 South Central, TX 39 TX - South Central 39 South King County, WA 42 TX - Victoria County 39 South, FL 13 UT - Salt Lake County 40 Southwest, CO 9 VA - Lynchburg 40 Southwest, FL 14 WA - Clark County 41 Southwestern Region, PA 32 WA - Puyallup, Pierce County 41 St. Louis Metro, MO 24 WA - South King County 42 Temecula, CA 8 WA - Thurston County 42 Thurston County, WA 42 WI - Janesville/Beloit 43 Victoria County, TX 39
  • 47. cbcworldwide.com©2011 Coldwell Banker Commercial Affiliates. A Realogy Company. All Rights Reserved. Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates.