Our next metrics report Q4-12 will coincide with our full TCL Commercial & Industrial Property Market Report (twice-yearly) next due early February 2013.
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Metrics Observations Q3-12:
- Built commercial-industrial property sales that peaked Q4-07 at $104.7M were 68% lower 4.25 years later at $33.4M Q1-12 (transaction numbers peaked at 58 in Q4-07 and reduced 41% to 34 by Q1-12).
- Cap rates (net passing rent initial yield) for medium to low quality commercial-industrial properties have continued to elevate causing reduced property values.
- The building seismic performance topic is considerably pervasive in the commercial property arena generating market activity that would otherwise be lacking and principally led by tenants, thus creating opportunities across the market.