|
WHAT'S What
Real Estate
|
|
Sales
Prices
|
Gross
Lease
|
Construction
|
| Building
Size |
($/sf)
|
Prices
($/sf)
|
Cost
($/sf)
|
| 5,000-19,999
sf |
$
30.00
|
$
4.25
|
$
65.00
|
| 20,000-39,999
sf |
$
25.00
|
$
3.95
|
$
60.00
|
| 40,000-59,999
sf |
$
22.00
|
$
3.25
|
$
55.00
|
| 60,000-99,999
sf |
$
15.00
|
$
3.00
|
$
45.00
|
| 100,000
and over |
$
12.00
|
$
2.50
|
$
37.00
|
Sources: Society of Industrial and Office REALTORS (SIOR). 2002
Comparative Statistics of Industrial and Office Real Estate Markets.
*Sales and Gross Lease Prices reflect central city market.
|
Class
A
|
Class
B
|
|
Central
Business
|
Outside
Central
|
Central
Business
|
Outside
Central
|
|
District
($/sf)
|
Business
District ($/sf)
|
District
($/sf)
|
Business
District ($/sf)
|
| Average
Rental Rates |
$
21.10
|
$
24.31
|
$
13.50
|
$
18.30
|
| Average
Sale Prices |
$
90.00
|
$
130.00
|
$
50.00
|
$
75.00
|
Source: Society of Industrial and Office Realtors (SIOR). 2002 Comparative
Statistics of Industrial and Office Real Estate Markets.
|
|
|
|
|
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