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Market Rates
|
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Low
(USD)
|
High
(USD)
|
Effective Avg.
(USD)
|
Vacancy
(%)
|
Investment Yield
|
|
Downtown Office
|
|
New Construction (AAA)
|
$ 18.00
|
$ 20.00
|
$ 19.00
|
% 5.00
|
n/a
|
|
Class A (Prime)
|
$ 15.00
|
$ 20.00
|
$ 17.50
|
% 10.00
|
n/a
|
|
Class B (Secondary)
|
$ 10.00
|
$ 15.00
|
$ 12.50
|
% 12.00
|
n/a
|
|
Suburban Office
|
|
New Construction (AAA)
|
$ 16.00
|
$ 19.00
|
$ 18.00
|
% 7.00
|
n/a
|
|
Class A (Prime)
|
$ 15.00
|
$ 18.00
|
$ 17.00
|
% 5.00
|
n/a
|
|
Class B (Secondary)
|
$ 8.00
|
$ 14.00
|
$ 10.00
|
% 9.00
|
n/a
|
|
Industrial
|
|
Bulk Warehouse
|
$ 4.00
|
$ 8.00
|
$ 5.00
|
% 3.00
|
n/a
|
|
Manufacturing
|
$ 4.00
|
$ 12.00
|
$ 7.00
|
% 3.00
|
n/a
|
|
High Tech / R&D
|
$ 6.00
|
$ 12.00
|
$ 9.00
|
% 3.00
|
n/a
|
|
Retail
|
|
Downtown
|
$ 12.00
|
$ 16.00
|
$ 14.00
|
% 8.00
|
n/a
|
|
Neigborhood Service Centers
|
$ 10.00
|
$ 16.00
|
$ 12.00
|
% 6.00
|
n/a
|
|
Community Power Center
|
$ 12.00
|
$ 25.00
|
$ 16.00
|
% 10.00
|
n/a
|
|
Regional Malls
|
$ 8.00
|
$ 22.00
|
$ 15.00
|
% 10.00
|
n/a
|
|
Solus Food Stores
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
Development Statistics
|
|
Low
/
Acre (USD)
|
High
/
Acre (USD)
|
|
Office In CBD
|
$ 125000.00
|
$ 200000.00
|
|
Land In Office Parks
|
$ 140000.00
|
$ 200000.00
|
|
Land In Industrial Parks
|
$ 45000.00
|
$ 125000.00
|
|
Office/Industrial - Non-park
|
$ 45000.00
|
$ 100000.00
|
|
Retail/Commercial Land
|
$ 150000.00
|
$ 900000.00
|
|
Residential
|
$ 40000.00
|
$ 300000.00
|
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| and NAI Global are not affiliated with the Appraisal Institute, or its MAI designation. |
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