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US SINGLE TENANT REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
CAP RATE & VOLUME
US Single-Tenant IND A...
US SINGLE TENANT RETAIL REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
CAP RATE & VOLUME
US Single-Tenan...
US SINGLE TENANT OFFICE REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
CAP RATE & VOLUME
US Single-Tenan...
US SINGLE TENANT INDUSTRIAL REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
CAP RATE & VOLUME
US Single-T...
US SINGLE TENANT REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
SINGLE TENANT ANNUAL AVERAGE CAP RATES
D...
US SINGLE TENANT REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
SINGLE TENANT VERSUS ALTERNATIVE ASSET Y...
US SINGLE TENANT REPORT
Properties & Portfolios - $2.5 million or Greater
Q4 2012
FOR MORE INFORMATION, PLEASE CONTACT:
An...
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Barnes_Marketing_Sector Analysis_SJC_

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Barnes_Marketing_Sector Analysis_SJC_

  1. 1. US SINGLE TENANT REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 CAP RATE & VOLUME US Single-Tenant IND Actual Change Volume $ (mil) past 12 mos. 28,177.0 16% Q4 '12 8,795.5 16% Number of props past 12 mos. 2,775 26% Q4 '12 644 -23% Total sf past 12 mos. 226,432,625 1% Q4 '12 63,456,469 1% Price $/sf past 12 mos. 129 16% Q4 '12 155 28% Avg Cap Rate past 12 mos. 7.34% -0.25 Q4 '12 7.37% -0.01 CHANGE IN SALESBUYER TYPE MARKET PERFORMANCE Data Source: Stan Johnson Company Research Services and Real Capital Analytics 6.60% 6.80% 7.00% 7.20% 7.40% 7.60% 7.80% 8.00% 8.20% $- $2,000.0 $4,000.0 $6,000.0 $8,000.0 $10,000.0 $12,000.0 $14,000.0 Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Quarterly Vol. Cap Rate 20% 11% 12% 15% 55% 49% 44% 45% 8% 13% 16% 14% 7% 6% 7% 6% 9% 21% 21% 20% 2009 2010 2011 2012 User/Other Private Public Listed/REITs Cross-Border Institutional -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% 120% Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Change in Sales (Year Over Year)
  2. 2. US SINGLE TENANT RETAIL REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 CAP RATE & VOLUME US Single-Tenant IND Actual Change Volume $ (mil) past 12 mos. 6,773.1 13% Q4 '12 1,626.5 -12% Number of props past 12 mos. 953 31% Q4 '12 219 -30% Total sf past 12 mos. 28,278,339 8% Q4 '12 7,168,754 -11% Price $/sf past 12 mos. 261 5% Q4 '12 260 9% Avg Cap Rate past 12 mos. 6.78% -0.51 Q4 '12 6.93% 0.37 CHANGE IN SALESBUYER TYPE MARKET PERFORMANCE Data Source: Stan Johnson Company Research Services and Real Capital Analytics 6.25% 6.75% 7.25% 7.75% 8.25% $- $500.0 $1,000.0 $1,500.0 $2,000.0 $2,500.0 $3,000.0 $3,500.0 Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Quarterly Vol. Cap Rate 8% 13% 7% 10% 85% 70% 57% 53% 3% 8% 25% 20% 1% 3% 1% 6% 2% 5% 10% 11% 2009 2010 2011 2012 (YTD) User/Other Private Public Listed/REITs Cross-Border Institutional -100% -50% 0% 50% 100% 150% 200% Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Change in Sales (Year Over Year)
  3. 3. US SINGLE TENANT OFFICE REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 CAP RATE & VOLUME US Single-Tenant IND Actual Change Volume $ (mil) past 12 mos. 9,321.7 25% Q4 '12 3,902.5 69% Number of props past 12 mos. 319 42% Q4 '12 73 -23% Total sf past 12 mos. 36,862,589 4% Q4 '12 12,862,415 26% Price $/sf past 12 mos. 274 27% Q4 '12 325 33% Avg Cap Rate past 12 mos. 7.80% 0.7 Q4 '12 7.94% -0.1 CHANGE IN SALESBUYER TYPE MARKET PERFORMANCE Data Source: Stan Johnson Company Research Services and Real Capital Analytics 6.75% 7.25% 7.75% 8.25% 8.75% $- $1,000.0 $2,000.0 $3,000.0 $4,000.0 $5,000.0 $6,000.0 Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Quarterly Vol. Cap Rate 30% 12% 14% 24% 34% 34% 28% 35% 13% 17% 16% 11% 12% 9% 17% 5% 12% 28% 25% 24% 2009 2010 2011 2012 (YTD) User/Other Private Public Listed/REITs Cross-Border Institutional -100% -50% 0% 50% 100% 150% 200% 250% 300% 350% Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Change in Sales (Year Over Year)
  4. 4. US SINGLE TENANT INDUSTRIAL REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 CAP RATE & VOLUME US Single-Tenant IND Actual Change Volume $ (mil) past 12 mos. 9,026.5 7% Q4 '12 2,595.7 -1% Number of props past 12 mos. 628 15% Q4 '12 160 -17% Total sf past 12 mos. 133,461,824 -4% Q4 '12 37,235,002 0% Price $/sf past 12 mos. 68 10% Q4 '12 69 -5% Avg Cap Rate past 12 mos. 7.88% -0.12 Q4 '12 7.72% -0.31 CHANGE IN SALESBUYER TYPE MARKET PERFORMANCE Data Source: Stan Johnson Company Research Services and Real Capital Analytics 6.75% 7.25% 7.75% 8.25% 8.75% $- $500.0 $1,000.0 $1,500.0 $2,000.0 $2,500.0 $3,000.0 $3,500.0 $4,000.0 Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Quarterly Vol. Cap Rate 23% 7% 12% 9% 38% 54% 42% 41% 11% 11% 13% 16% 10% 4% 5% 8% 18% 24% 28% 27% 2009 2010 2011 2012 (YTD) User/Other Private Public Listed/REITs Cross-Border Institutional -100% -50% 0% 50% 100% 150% 200% Q1 '06 Q3 '06 Q1 '07 Q3 '07 Q1 '08 Q3 '08 Q1 '09 Q3 '09 Q1 '10 Q3 '10 Q1 '11 Q3 '11 Q1 '12 Q3 '12 Change in Sales (Year Over Year)
  5. 5. US SINGLE TENANT REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 SINGLE TENANT ANNUAL AVERAGE CAP RATES Data Source: Stan Johnson Company Research Services and Real Capital Analytics 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 2000 2002 2004 2006 2008 2010 2012 2014 Yield Year Office Avg Cap Industrial Avg Cap Retail Avg Cap Overall Avg Cap
  6. 6. US SINGLE TENANT REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 SINGLE TENANT VERSUS ALTERNATIVE ASSET YIELDS 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 2006 2007 2008 2009 2010 2011 2012 2013 Average Asset Yields (2007-2012) ST Office Avg Cap ST Industrial Avg Cap ST Retail Avg Cap ST Medical Avg Cap 10-Year Treasury 6-Month CD Yield Moody's Aaa Bond Yield Moody's Baa Bond Yield 7.85% 7.60% 7.22% 7.95% 1.65% 0.47% 3.71% 5.05% 13.11% 3.80% 0% 2% 4% 6% 8% 10% 12% 14% ST Office Avg Cap ST Industrial Avg Cap ST Retail Avg Cap ST Medical Avg Cap 10-Year Treasury 6-Month CD Yield Moody's Aaa Bond Yield Moody's Baa Bond Yield S&P 500 Annual Yield State and Local Municipal Bond Yield 2012 Average Asset YieldsAVERAGE ASSET YIELDS (2007 - 2012) 2012 AVERAGE ASSET YIELDS
  7. 7. US SINGLE TENANT REPORT Properties & Portfolios - $2.5 million or Greater Q4 2012 FOR MORE INFORMATION, PLEASE CONTACT: Andrew Barnes Associate Director, Lead Broker I San Francisco Office abarnes@stanjohnsonco.com Stan Johnson Company 530 Lytton Ave, 2nd Fl Palo Alto, CA 94301 P: 650.617.3464 Phillip Bonina Associate Director I Los Angeles Office pbonina@stanjohnsonco.com Stan Johnson Company 501 Santa Monica Blvd, Ste 420 Santa Monica, CA 90401 P: 310.752.0752

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