2012       Coldwell Banker Commercial       Blue Book       Market Review                          Check out the NEW      ...
ABOUT THE CBC® BLUE BOOKThe CBC® Blue Book offers a unique market perspective with data generated by true commercial real ...
AL - Dothan, Houston County                                                 AL - HuntsvilleDEMOGRAPHICS                   ...
AL - Montgomery                                                          AR - Hot SpringsDEMOGRAPHICS                     ...
AR - Little Rock                                                             CA - Humboldt CountyDEMOGRAPHICS             ...
CA - Inland Empire / Palm Springs                                           CA - Inland Empire North / Victor ValleyDEMOGR...
CA - Los Angeles                                                            CA - Los Angeles WestsideDEMOGRAPHICS         ...
CA - Modesto                                                                CA - Monterey / San Benito CountiesDEMOGRAPHIC...
CA - Monterey Peninsula                                                     CA - Orange CountyDEMOGRAPHICS                ...
CA - Redding                                                               CA - Rowland HeightsDEMOGRAPHICS               ...
CA - San Diego                                                                  CA - San Fernando / San Gabriel ValleyDEMO...
CA - San Francisco                                                               CA - San Gabriel Valley NorthDEMOGRAPHICS...
CA - Southwest Riverside County                                              CO - WesternDEMOGRAPHICS                     ...
CT - Danbury / New Haven County                                                CT - Fairfield CountyDEMOGRAPHICS           ...
DE - Sussex County                                                            FL - Alachua CountyDEMOGRAPHICS             ...
FL - Deltona-Daytona / Ormond Beach                                        FL - JacksonvilleDEMOGRAPHICS                  ...
FL - Lakeland / Winterhaven                                                 FL - Manatee, Sarasota, Charlotte CountiesDEMO...
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
2012 CBC Market Review: Blue Book
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2012 CBC Market Review: Blue Book

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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. The CBC® Blue Book offers a unique market perspective:


Covering over 110 Primary, Secondary, Tertiary and International Markets

Written by the CBC professionals within the local markets

Published in: Business, Real Estate
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2012 CBC Market Review: Blue Book

  1. 1. 2012 Coldwell Banker Commercial Blue Book Market Review Check out the NEW MARKET SNAPSHOTS cbcworldwide.com
  2. 2. ABOUT THE CBC® BLUE BOOKThe 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 over110 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 marketinformation in order to make informed real estate decisions.TABLE OF CONTENTSAL - Dothan, Houston County 3 MN - Minneapolis / St. Paul Metro Area 31AL - Huntsville 3 MN - St. Cloud / Central 31AL - Montgomery 4 MO - Springfield Area 32AR - Hot Springs 4 MO - St. Joseph 32AR - Little Rock 5 MT - Billings 33CA - Humboldt County 5 NE - Lincoln 33CA - Inland Empire / Palm Springs 6 NJ - Morris County 34CA - Inland Empire North / Victor Valley 6 NJ - Northern 34CA - Los Angeles 7 NM - Albuquerque Metro 35CA - Los Angeles Westside 7 NY - Albany (NY Capital Region) 35CA - Modesto 8 NY - New York 36CA - Monterey / San Benito Counties 8 NV - Reno / Sparks MSA 36CA - Monterey Peninsula 9 NC - New Hanover County 37CA - Orange County 9 NC - Outer Banks 37CA - Redding 10 NC - Research Triangle 38CA - Rowland Heights 10 NC - Winston-Salem 38CA - San Diego 11 ND - Fargo / Moorhead 39CA - San Fernando / San Gabriel Valley 11 OR - Portland 39CA - San Francisco 12 OR - Salem 40CA - San Gabriel Valley North 12 PA - Central 40CA - Southwest Riverside County 13 PA - Northeastern 41CO - Western 13 PA - Southwestern 41CT - Danbury / New Haven County 14 SC - Charleston 42CT - Fairfield County 14 SC - Columbia 42DE - Sussex County 15 SC - Greenville / Spartanburg 43FL - Alachua County 15 SC - Myrtle Beach 43FL - Deltona-Daytona / Ormond Beach 16 SC - Sumter 44FL - Jacksonville 16 TN - Chattanooga / North GA 44FL - Lakeland / Winterhaven 17 TN - Knoxville / East Tennessee 45FL - Manatee, Sarasota, Charlotte Counties 17 TX - Austin 45FL - Port St. Lucie 18 TX - Bryan / College Station 46FL - South 18 TX - Central 46FL - Southwest 19 TX - East 47FL - Tampa / St. Petersburg 19 TX - Houston 47FL - The Florida Keys 20 TX - Lubbock 48FL - Vero Beach / Indian River County 20 TX - Victoria County 48GA - Athens 21 UT - Salt Lake City 49GA - Atlanta Greater MSA 21 VA - Lynchburg 49GA - Atlanta MSA 22 WA - Clark County 50GA - Greene / Morgan / Putnam Counties 22 WA - King County 50GA - Savannah 23 WA - South Puget Sound 51HI - Honolulu 23 WA - Tacoma 51ID - Boise 24 WI - Madison 52ID - Kootenai County 24 INTERNATIONAL MARKETSIL - Bloomington / Normal 25 Bermuda 53IL - Champaign / Urbana 25 Canada - Ontario (Eastern) 53IL - Chicagoland 26 Canada - Greater Toronto Area 54IL - Springfield 26 Canada - Waterloo Region 54KS - Kansas City Metro Area 27 Czech Republic 55KY - Louisville Metro 27 France 55KY - Southern 28 Greece 56LA - Lafayette 28 Ireland 56LA - New Orleans 29 Mexico - Mexico City 57ME - Midcoast 29 Perú - Lima 57MI - Middle 30 Puerto Rico 58MN - Mankato 30 Spain 58
  3. 3. AL - Dothan, Houston County AL - HuntsvilleDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS • New Medical school broke • Target adds third store to Huntsville, CBSA Dothan, AL ground with the first class to be CBSA market. AL admitted in August 2013. $40 million has been secured for the • Huntsville ranked very highly Square Miles 1,718 first phase of construction. Square Miles 1,373 by numerous evaluating organizations. • Healthcare industry drives the Dothan market with 70% of • Target, Kohl’s, Wal-Mart, Population 143,295 patients traveling from outside Population 410,866 Kroger, a hospital, three strip of Dothan. centers and more, are under construction. • Cost of Living Index is one of Households 57,785 Households 166,785 • Market is improving, although the lowest in the nation. prices are slightly lower. Household • Tourism industry is at record Household Income $58,837 volume for Alabama and Income $76,572 • Potential of another BRAC Average Dothan Area. Average could benefit Huntsville in 2013. • Employment rate continues toEmployees (Total) 58,833 outperform state and national Employees (Total) 174,427 • This region has more PhDs per levels. capita than anywhere in USA. • City and County offer advantage Unemployment 7.1% Unemployment 6.4% sites ready for development.CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial Alfred Saliba Realty McLain Real Estate 410 N. Shady Ln. 2800 Bob Wallace Ave. S.W. Dothan, AL 36303 Huntsville, AL 35805 (334) 793-6600 (256) 533-3414 www.alfredsalibacommercial.com www.mclaincommercial.comOFFICE 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  3 Rental Rates  Rental Rates 
  4. 4. AL - Montgomery AR - Hot SpringsDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS • Hewlett Packard leased 60,000 • Eldercare relocated to their new Montgomery, Hot Springs, CBSA SF of Colonial Bank Groups CBSA facility in late 2011. PetSmart, AL AR former Class A structure. Mattress King and New Life Christian Book Store opened new Square Miles 2,725 • Office vacancy continues to Square Miles 677 locations in Fairgrounds Crossing. rise with bank foreclosures, REO offerings and a general • The Office vacancy rate continues reduction in demand. to rise and new tenants are Population 367,157 Population 98,888 interested in smaller suites. • Retirement Systems of Alabama Several landlords have provided completed a new 400,000 SF tenant improvements and divided Class A building downtown. large suites. Households 147,017 Households 43,175 Warehouse space began to see some tightening. Retail • Construction of the Arkansas Household space is recovering as well. Household School for Math and Science Income $68,657 One new 200+ Unit Apartment Income $56,350 Living Center is nearing Average Complex was completed in East Average completion. A new Apartment Montgomery. project has been approved for construction in the Hwy. 70 WestEmployees (Total) 144,160 Employees (Total) 32,750 • The residential market area. continues to struggle, except for one bright spot of new • There has been an increase in development that is selling residential sales volume in 2012. Unemployment 7.7% Unemployment 7.4% new homes at bargain prices Sales prices continue to remain due to sales of shovel ready steady, particularly in lakefront but foreclosed upon REO properties. subdivisions. • Baxley/LogPro have expandedCONTACT • Mom and pops are trying to CONTACT their operation in Hot Springs. recover and looking to get Land has been purchased for the Coldwell Banker Commercial back to investing in the new Coldwell Banker Commercial new county jail and construction Moore Company Realty economy. RPM is scheduled to begin this year. 121 Coosa St., Suite 250 401 Section Line Rd., Suite F Montgomery, AL 36104 • Investors continue to pour Hot Springs, AR 71913 • Two building expansions are (334) 262-1958 money into the CBD, and (501) 520-4000 underway in Mid-America www.cbcmcr.com tenants are rewarding them www.cbcrpm.com Industrial Park. One of the with the first look. companies is a new entity to Garland County. OFFICEOFFICE RETAIL RETAIL Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption  Rental Rates  Rental Rates  Rental Rates  Rental Rates  INDUSTRIALINDUSTRIAL MULTI-FAMILY MULTI-FAMILY Vacancy  Vacancy  Vacancy  Vacancy N/A Absorption  Absorption  Absorption  Absorption N/A Rental Rates  Rental Rates  4 Rental Rates  Rental Rates N/A
  5. 5. AR - Little Rock CA - Humboldt CountyDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Little Rock- • A 3-building complex was Eureka • Wal-Mart to open its first store in North Little acquired from Verizon Wireless CBSA Arcata Humboldt County in 2012. Shell CBSA Rock by local investors and offered Fortuna, CA has proposed construction of a Conway, AR to market as new multi-tenant 25 turbine wind farm. inventory. Square Miles 3,572 • New construction of 48,000 SF Square Miles 4,090 • Retail market had over 115,000 Safeway store completed in 2011 SF of positive absorption in 4th and 100,000 SF hospital addition Quarter of 2011. Population 130,076 to be completed in spring of Population 690,456 2012. • Kum & Go convenience store chain entered the market for • Confidence in investing in major expansion and opened Households 54,341 commercial real estate slowly Households 276,042 two stores in 4Q 2011. improved in 2011. Total commercial sales volume in Household Household • Dillard’s established internet Income $53,630 2011 increased by 5% from 2010 Income $71,848 fulfillment center and brought Average & Multi-Family sales volume is Average 300 jobs to area. slightly up. Leasing remained strong in 2011. Although Retail & • French company Saint-Gobain Employees (Total) 36,951 Warehouse rents decreased whileEmployees (Total) 290,765 made $100 million investment Office rents were up significantly. and created 140 jobs in Saline County. • The number of sold residential Unemployment 10.6% listings in 2011 was slightly Unemployment 6.5% • Forbes.com named Little Rock higher than the previous year. the “6th best mid-size city for However, the sold median jobs” and the ”14th best metro residential price was down for young professionals.” slightly, as were residential rentalCONTACT CONTACT rates. Coldwell Banker Commercial Coldwell Banker Commercial • Humboldt County’s Hathaway Group Pacific Partners Real Estate unemployment rate was slightly 2100 Riverdale Rd., Suite 100 1036 5th St., Suite A lower than the state average Little Rock, AR 72202 Eureka, CA 95501 in 2011. The largest employers (501) 663-5400 (707) 442-2222 include Humboldt State www.hathawaygroup.com pacificpartnerscommercial.com University, St. Joseph Hospital and County of Humboldt.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 N/A Rental Rates  Rental Rates  5 Rental Rates  Rental Rates 
  6. 6. CA - Inland Empire / Palm Springs CA - Inland Empire North / Victor ValleyDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Riverside- • Strongest property sector is Riverside- • Macy’s was announced as a new San Multi-Family investments. San mall anchor, replacing empty CBSA CBSA Bernardino- Bernardino- Gottschalks. Ontario, CA • There is excellent financing Ontario, CA for apartment buildings in this • JCPenney announced it is market. doubling in size. Square Miles 27,260 Square Miles 27,260 • Increase in Land acquisition • 500k Industrial space was by builders and developers for absorbed at SCLA by furniture Population 4,171,856 Multi-Family and Manufacturing Population 4,171,856 manufacturing. properties. • 2011 Multi-Family prices • Skechers USA has moved into increased over 2010. Households 1,350,253 over 1 million SF. Households 1,350,253 • 3 Super Wal-Marts broke • Hewlett Packard has moved into ground in past 8 months; 3 Household Household Income $67,386 over 1 million SF. Income $67,386 additional are slated for 2012. Average Average • Office, Retail and Industrial are improving in buildings thatEmployees (Total) 1,156,307 have a good location or are top Employees (Total) 1,156,307 properties. Unemployment 7.8% Unemployment 11.9%CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial NRT-Southern California Real Estate Solutions 1081 North Palm Canyon Dr 15500 W. Sand St., 2nd Floor Palm Springs, CA 92263 Victorville, CA 92392 (949) 280-2530 (760) 684-8000 www.cbcworldwide.com www.cbcdesert.comOFFICE 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  6 Rental Rates  Rental Rates 
  7. 7. CA - Los Angeles CA - Los Angeles WestsideDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Los Angeles- • Owner-users are purchasing Los Angeles- • Strongest property sectors are Long Beach- buildings. Long Beach- Multi-Family, single-tenant NNN CBSA CBSA Santa Ana, Santa Ana, investments, Medical Office and CA • Developers are in the market CA Industrial (due to the scarcity of looking for Mixed-Use projects the product and ability to convert and Apartments. to creative office uses). Square Miles 4,850 Square Miles 4,850 • Multi-Family is in high demand. • The strongest sub-markets are the Santa Monica-Venice creative Population 12,935,173 • Creative office space is in high Population 12,935,173 corridors, Beverly Hills, West demand. Hollywood and Brentwood. • Coastal submarkets, including • Multi-Family market is very active Households 4,288,080 Santa Monica and Venice, are Households 4,288,080 and financing is readily available. flourishing. Cap rates in A/B areas are 4%-5%, Household Household B/C areas range from 4.75%-6.5%. Income $87,517 • Technology and entertainment Income $87,517 Average companies are expanding. Average • A lot of cash is on the sidelines, much of it chasing similar product – well located propertyEmployees (Total) 5,313,010 Employees (Total) 5,313,010 with strong tenants and/or upside potential. Most investors continue to be risk-averse and opt for lower returns on less risky Unemployment 10.6% Unemployment 10.6% investments. • Developers are looking for opportunities to build withCONTACT CONTACT several-hundred-thousand SF of Multi-Family, creative Office and Coldwell Banker Commercial Coldwell Banker Commercial Mixed-Use developments in the WESTMAC NRT - Los Angeles pipeline, slated to come on line in 1515 S. Sepulveda Blvd. 11999 San Vicente Blvd. 2013-2015. Los Angeles, CA 90025 Suite 100 (310) 478-7700 Los Angeles, CA 90049 • Single family/condo market is www.westmac.com (310) 820-6651 trending upwards with more offer www.cbcworldwide.com activity, more sales and shorter marketing times.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  7 Rental Rates  Rental Rates 
  8. 8. CA - Modesto CA - Monterey / San Benito CountiesDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS • Stanislaus County is located in • Hampton Brown/National CBSA Modesto, CA the Central Valley. Its county CBSA Salinas, CA Geographic vacated a large seat is Modesto, which is where portion (approximately 30,000 many people in the surrounding SF of space) on Carmel Rancho areas shop. Blvd., Carmel and relocated Square Miles 1,494 Square Miles 3,322 to Ryan Ranch Business Park, • The major industry is Monterey. AG-related, employing Population 512,221 approximately 18,000 people Population 413,103 • San Miguel Market/PAQ Inc. or 11.3% of the total 160,000 relocated to a 40,000 SF space people that are employed. in the Santa Lucia Shopping Unemployment varies based Center, Greenfield, CA on a 10 Households 167,008 on the fact that most of the AG Households 133,220 year lease deal. jobs are seasonal. Household Household • Retail activity is up, especially Income $63,534 • Shopping areas that are well Income $86,472 in downtown Carmel-by-the- Average located have been attracting Average Sea, where demands are up and new tenants with some major rents per SF are up. Khaki’s just remodeling. Due to lack of new relocated to Carmel.Employees (Total) 140,743 construction, the vacant space Employees (Total) 120,633 has been absorbed as needs • Downtown Monterey, the arise. Kaiser Permanente built Core Center, is looking at a major hospital complex with a new plan. The city and Unemployment 16.1% Unemployment 14.9% business community is focused Memorial Hospital making a major expansion. and moving forward with a redevelopment plan to increase • There has been major layoffs in the Mixed-Use properties and the government sector based a large conference serviceCONTACT on tax assessments being CONTACT expansion. There are currently lowered by a downturn in real 2-3 major projects in the work Coldwell Banker Commercial estate values. Leveling out has Coldwell Banker Commercial for this area. Vinson Chase, Realtors occurred and all are hoping real NRT - Carmel 220-C Standiford Ave. estate prices will start to rise 3775 Via Nona Marie • Office space rental rates are Modesto, CA 95350 in 2012. This will only come if Carmel, CA 93923 slightly down, and there is a (209) 577-2121 the unemployment in the area (831) 626-2200 large amount of Office space www.cbcworldwide.com starts to decline. www.cbcworldwide.com available. • Office and Retail are improving • Shrinking inventory and prices in good centers and locations. are stabilizing in residential.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  8 Rental Rates  Rental Rates 
  9. 9. CA - Monterey Peninsula CA - Orange CountyDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS • Tuesday Morning, a national • Class A High Rise outperformed Los Angeles- CBSA Salinas, CA tenant, leased 10,000 SF. Long Beach- the balance of the market. CBSA Santa Ana, • There has been no change in CA • Retail Shopping Center Square Miles 3,322 vacancy in this market. construction is still on hold. • Limited new construction in Square Miles 4,850 • 2050 Main Street in Irvine sold this market. for $108.5 million. Population 413,103 • Trend of the last few years • Sale-leasebacks are making a Population 12,935,173 continues. comeback. Households 133,220 • The area has restricted access • LA Fitness inked a 91,023 SF to water; consequently new Households 4,288,080 long-term lease. Household business activity is limited to Income $86,472 what water is actually available • Multi-Family market is hot. on site. Household Average Income $87,517 AverageEmployees (Total) 120,633 Employees (Total) 5,313,010 Unemployment 14.9% Unemployment 7.8%CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial NRT - Carmel NRT - Newport Beach 3775 Via None Marie 4 San Joaquin Plz., Suite 260 Carmel, CA 93923 Newport Beach, CA 92660 (831) 626-2200 (949) 644-1600 www.cbcworldwide.com www.cbcworldwide.comOFFICE 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  9 Rental Rates  Rental Rates 
  10. 10. CA - Redding CA - Rowland HeightsDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS • Retail vacancy rate fell 2% in Los Angeles- • Team One Employment CBSA Redding, CA 2011. Long Beach- Specialist (Skechers) closed CBSA Santa Ana, its 3 locations in Ontario • Government lease dominated CA totaling 1.31m SF building as of Square Miles 3,785 the Office market. 10/31/2011. Square Miles 4,850 • One hotel is under construction • Continued lack of consumer and another is about to break confidence is making business Population 181,457 ground. owners downsize. Vacancy is still Population 12,935,173 fluctuating. • Distress/foreclosure opportunities are fading. • Residential market is still Households 71,491 struggling because of REOs; the • Retail rents are stable and Households 4,288,080 market is expecting the most Household possibly on the rise. foreclosure homes in 2012. Income $60,230 Household Average • Unemployment rate has fallen Income $87,517 • Lack of confidence still makes for 4 consecutive months. Average the overall market unstable, but it is expected to see a clearEmployees (Total) 53,468 turning point by the end of Employees (Total) 5,313,010 2014. • The area is mostly downsizing, Unemployment 13.4% but pretty stable compared to Unemployment 11.6% other cities in U.S.CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial C&C Properties George Realty 2155 Larkspur Ln. 19220 E. Colima Rd. Redding, CA 96002 Rowland Heights, CA 91748 (530) 222-2011 (626) 457-2300 www.cbcnorthstate.com www.cbcworldwide.comOFFICE 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  10 Rental Rates  Rental Rates 
  11. 11. CA - San Diego CA - San Fernando / San Gabriel ValleyDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS San Diego- • Sales activity for Retail buildings Los Angeles- • Green Dot Corporation moved CBSA Carlsbad-San is up and cap rates are down. Long Beach- to Pasadena and leased 143,000 CBSA Marcos, CA Santa Ana, SF. • This market is experiencing a CA rise in prices due to very low • Office users are slowly hiring Square Miles 4,200 new construction activity. and leasing additional space. Square Miles 4,850 Vacancy is slowly decreasing. • Overall vacancy for Office Population 3,071,264 increased to 16.9%. • There are many proposed Population 12,935,173 Office buildings; however, no • Illumina moved into 171,340 SF new Office developments have at Bldg 1 at 5200 Research Place commenced construction. Households 1,129,261 and 159,272 SF at Bldg 2. Households 4,288,080 • Retail vacancies are decreasing • Industrial vacancies are up to due to the local and regional Household 10.8%. tenant activity, which landlords Income $89,161 Household Average Income $87,517 are accepting in lieu of Average disappearing national credit activity.Employees (Total) 1,227,936 Employees (Total) 5,313,010 • There is a high demand for Multi-Family properties due to: 1) income 2) desire for Unemployment 8.9% conservative investments 3) Unemployment 11.6% low interest rates and financing availability.CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial NRT - La Mesa North County 9332 Fuerte Drive 801 N. Brand Blvd., Suite 180 La Mesa, CA 91941 Glendale, CA 91203 (619) 460-6600 (818) 334-1900 www.cbcworldwide.com www.cbcnco.comOFFICE 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  11 Rental Rates  Rental Rates 
  12. 12. CA - San Francisco CA - San Gabriel Valley NorthDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS San Francisco- • Salesforce.com has signed Los Angeles- • Pricing and demand increasing CBSA Oakland- a 400,000 SF lease in San Long Beach- slightly but positively. CBSA Fremont, CA Francisco, the largest Office Santa Ana, deal in the city in a decade. CA • Class A product and smaller buildings have retained their Square Miles 2,473 • Several tech companies have value better. Square Miles 4,850 seen substantial growth and demand for public offerings. • Industrial vacancy is 4-5%. Population 4,347,767 Office vacancy is 13-14%. • South of Market construction Population 12,935,173 has rebounded slowly and • Virtually no construction for will continue in Mission Bay, Office and Retail. It will require Households 1,661,661 highlighted by the erection of increase in space demand and UCSF’s new medical center. Households 4,288,080 rates. Household • Median prices for residential • Many tenants are renewing Income $113,164 Household Average properties remain flat, although Income $87,517 leases 1-2 years early at current the sales volume has increased. Average market rates.Employees (Total) 1,916,201 • As high profile service industry • Very few commercial leaders such as Bank of America Employees (Total) 5,313,010 foreclosures partially due to continue to face economic large down payments. SBA is hardships, technology and seeing more foreclosures due Unemployment 7.3% biotech firms will continue to to low down payments in the drive the city’s employment and Unemployment 11.6% 10-20% range. real estate market. • Demand for large Hotels is • San Francisco’s citywide Office increasing with several in theCONTACT vacancy rate was 14.7% in CONTACT pre-development stage. the fourth quarter of 2011, Coldwell Banker Commercial the ninth-lowest among 79 Coldwell Banker Commercial Westbay Real Estate Group metropolitan areas. Asking NRT - Arcadia 1575 Bayshore Hwy., Suite 100 rates in South of Market 15 E. Foothill Blvd. Burlingame, CA 94010 climbed 22% in the fourth Arcadia, CA 91006 (650) 344-4300 quarter from a year earlier to (800) 445-5500 www.cbcburlingame.com $46 a SF, the fastest growth rate www.cbcworldwide.com for that area since 2000.OFFICE RETAIL OFFICE RETAIL Vacancy  Vacancy  Vacancy  Vacancy  Absorption  Absorption  Absorption  Absorption N/A 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  12 Rental Rates  Rental Rates 
  13. 13. CA - Southwest Riverside County CO - WesternDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Riverside-San • EB-5 money floods the market, • Industrial sector leads all Grand CBSA Bernardino- closing over 200,000 SF in CBSA sectors in western Colorado. Junction, CO Ontario, CA Industrial. • Vacancy levels stable across the • Industrial leases on the rise, Square Miles 3,328 board. Square Miles 27,260 Office vacancy is down, Retail lease rates are up. • Retail vacancies are up slightly. Population 4,171,856 • 160,000 SF of corporate Office Population 148,298 • Residential sales numbers grow, space was completed for while prices decline. Professional Hospital Supply’s headquarters. • Unemployment still at 9% and Households 1,350,253 Households 60,317 has not subsided. The economy • 191,000 SF of Industrial space is expected to be flat for the leased to Abbott Laboratories Household next year or two. Household Income $67,386 under a 4 year agreement. Income $61,730 Average Average • Western Colorado is the • Unemployment rate has emerging wine capital of Rocky dropped from 15% to 12.5%, Mountains.Employees (Total) 1,156,307 building optimism in business Employees (Total) 54,564 owners. Unemployment 12.5% Unemployment 9.0%CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial Sudweeks Group Prime Properties, LLC 27708 Jefferson Ave., Suite 201 550 Patterson Rd., Suite B Temecula, CA 92591 Grand Junction, CO 81506 (951) 200-7683 (970) 243-7375 www.cbcsuds.com www.grandjunctioncommercial.comOFFICE 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 13 Rental Rates  Rental Rates 
  14. 14. CT - Danbury / New Haven County CT - Fairfield CountyDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Bridgeport- • Forever 21, Dick’s Sporting Bridgeport- • Significant 2011 leases include: CBSA Stamford- Goods, Cheesecake Factory CBSA Stamford- Largest Industrial - 275k SF, NBC Norwalk, CT and Brio have landed at the Norwalk, CT Sports at The Campus (former Danbury Fair Mall. General Clairol site); Largest Offices are Motors Northeast Regional Sales 230k SF for Bridgewater Assoc Square Miles 626 Square Miles 626 Division occupied 26,000 SF of at 20 Westport Rd and GE Asset Class A Office space at The Matrix Mgmt expanded from Stamford Corporate Center. PepsiCo has Sq. w/ 147k into 158k SF at 1600 Population 904,874 also chosen to locate in Danbury, Population 904,874 Summer St. with 10,665 SF of Class A Office space. • Fairfield County’s available, vacant-sublease space Households 336,733 • Area vacancy rates are down Households 336,733 decreased across the board. due in part to low supply and an Office went from 860k SF to Household influx of commuting professionals Household 599k SF, Industrial from 111k SF Income $149,604 now residing in neighboring Income $149,604 to 74k SF and Retail from 50k SF Average Brewster, NY. Key transportation Average to 16k SF. outlets allow them to commute to lower Fairfield County, New York • The total new constructionEmployees (Total) 419,437 City and Boston, while enjoying a Employees (Total) 419,437 completed was 950k SF; 547k SF more affordable lifestyle locally. of Office, 148k SF of Industrial and 254k SF of Retail. • Construction in the area includes: Unemployment 6.0% $33.8M / 95,000 SF Armed Forces Unemployment 6.9% • There is 172M SF of existing Reserve Center in Danbury, CT. commercial space in Fairfield Brookfield, CT. Costco (12,000 SF) County with 67M SF of Office; is increasing existing building by 58M SF of Industrial and 47M SF 15,000 SF and will also construct of Retail.CONTACT a gas station on abutting 1.25 CONTACT acre pad site. Danbury Regional • Commercial Sales have Coldwell Banker Commercial Hospice to construct a 30,000 SF Coldwell Banker Commercial increased by 30% over 2010 Scalzo Group center. NRT - CT and Connecticut is the 15th 2 Stony Hill Rd., Suite 101 77 Old Ridgefield Road most popular state for a Fortune Bethel, CT 06801 • Despite lower mortgage rates, Wilton, CT 06897 500 corporate headquarter (203) 744-7077 single family home sales volume (203) 831-4187 locations. www.coldwellbankerscalzo.com www.cbcworldwide.com and pricing are down, remaining approximately 28% and 30% below the 2005 peak.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  14 Rental Rates  Rental Rates N/A
  15. 15. DE - Sussex County FL - Alachua CountyDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS • Several national tenants are • 266 Office lease listings totaling Gainesville, CBSA Seaford, DE currently in negotiations for CBSA 811,790 SF are currently on the FL space on Coastal Highway near market. Rehoboth. Square Miles 938 Square Miles 1,223 • Average gross Office lease • Commercial activity in Eastern rate is $13.05/SF, a decrease of Sussex is starting to improve 1.87% since 4th Qtr 2010. after more than three years in Population 194,215 the doldrums. Population 261,674 • Average Office lease listing is on the market 413 days. • Very little new commercial construction is causing • 192 Retail lease listings totaling Households 78,981 Households 113,545 779,897 SF are on the market. absorption of existing Retail and Office space. Household Household • Average NNN Retail lease rate is Income $67,088 • Volume for closed residential Income $62,879 $15.14/SF, a decrease of 1.65% Average sales was up 9% for 2011. Average since 4th Qtr 2010. • Eastern Sussex County is the • Average Retail lease listing is onEmployees (Total) 68,986 leading retiree destination for Employees (Total) 87,322 the market 530 days. the mid-Atlantic states. • Property taxes in Sussex County Unemployment 7.7% Unemployment 7.6% are so low that many buyers think they are being quoted a monthly rate.CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial Resort Realty M.M. Parrish Realtors 20184 Coastal Hwy. 3870 N.W. 83rd St. Rehoboth Beach, DE 19971 Gainesville, FL 32606 (302) 227-5000 (352) 264-3800 www.cbcworldwide.com www.cbcworldwide.comOFFICE 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 N/A Vacancy  Vacancy  Absorption N/A Absorption N/A Absorption  Absorption  Rental Rates N/A Rental Rates N/A 15 Rental Rates  Rental Rates 
  16. 16. FL - Deltona-Daytona / Ormond Beach FL - JacksonvilleDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Deltona • Daytona Beach International • EverBank Financial Corporation Jacksonville, Daytona Airport reports that boardings CBSA leased 270,000 SF, covering CBSA FL Ormond are up and Jet Blue and nine floors, at the AT&T Tower. Beach, FL Southwest are in discussions to The building will be renamed begin service this year. Square Miles 3,221 “EverBank Tower.” The move should help to revitalize the Square Miles 1,103 • Resort and Bed tax collections downtown area. are up and the Hospitality industry is seeing increased Population 1,334,380 • Bi-Lo, the Greenville, SC-based Population 495,625 projections. supermarket chain, agreed to buy Winn-Dixie Stores, Inc. • Multiple large and small beach for $560 Million. The new Households 518,910 front Hotel/Motel operations company will have around 687 Households 214,567 are going through major grocery stores and a workforce renovations and upgrades, Household of 63,000 in eight states Household with multiple large ocean front Income $76,866 throughout the Southeast. Income $62,419 property sales being completed Average Average for future development. • The $55 million sale of a Gate Parkway Apartment Complex Employees (Total) 551,254 • This is one of 19 communities is an indicator that the city’sEmployees (Total) 146,482 across the country to be rental market is improving selected as a “Forward and should continue to trend Next Generation Learning upward in 2012. Unemployment 9.2% Community.” Unemployment 10.1% • Acosta, Inc. expects to hire • Embry-Riddle Aeronautical 2,000 employees in the first University of Daytona Beach has quarter of 2012, 40 to 50 been selected as one of three of whom will be in theirCONTACT Next-Gen test beds for the CONTACT Jacksonville office. modernization of the National Coldwell Banker Commercial Airspace System. Coldwell Banker Commercial • The restaurant industry was on Benchmark Benchmark the mend locally in 2011. New 570 Memorial Cir., Suite 300 • Teledyne is doubling their 4348 Southpoint Blvd., Suite 310 national and regional restaurant Daytona Beach production square footage for Jacksonville, FL 32216 chains to the area include: Ormond Beach, FL 32174 their fiber optic and electrical (904) 281-1990 Seasons 52, BJ’s Restaurant & (386) 672-8530 interconnect systems. www.cbcbenchmark.com Brewhouse, Logan’s Roadhouse, www.cbcbenchmark.com Smashburger, First Watch and Poe’s Tavern.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  16 Rental Rates  Rental Rates 
  17. 17. FL - Lakeland / Winterhaven FL - Manatee, Sarasota, Charlotte CountiesDEMOGRAPHICS MARKET HIGHLIGHTS DEMOGRAPHICS MARKET HIGHLIGHTS Lakeland- • Several new Industrial users Sarasota- • Ringling Brothers & Barnum & CBSA Winter have made announcements CBSA Bradenton- Bailey Circus are bringing their Haven, FL including Mission Foods. Venice, FL Headquarters back to Manatee County. • The focus on start-up Square Miles 2,010 Square Miles 1,313 businesses is helping small • Industrial leasing and sales in space occupancy in Retail and Sarasota have increased. Office. Population 599,564 Population 689,676 • Residential construction is • USF Polytechnic located at I-4 picking up steam in this market. and Polk Parkway is in first phase of construction. • Home sales are on the rise. Households 233,208 Households 311,173 • Foreclosures are driving • It has been speculated that increased demand for the commercial market has hit Household Household Apartments. bottom. Income $55,323 Income $79,698 Average Average • Several banks are offering • This area has the #1 beach in attractive rates for commercial- the country and a pro businessEmployees (Total) 239,100 industrial loans; increasing Employees (Total) 230,801 attitude. demand for owner-user commercial space. Unemployment 10.7% • LEGOLAND Florida in Winter Unemployment 9.8% Haven is fully operational and attendance is meeting expectations.CONTACT CONTACT Coldwell Banker Commercial Coldwell Banker Commercial Saunders Ralston Dantzler Realty NRT - Sarasota 114 N. Tennessee Ave. 100 N. Tamiami Trl. Lakeland, FL 33801 Sarasota, FL 34236 (863) 648-1528 (941) 925-8586 www.srdcommercial.com www.cbcworldwide.comOFFICE 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  17 Rental Rates  Rental Rates 

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