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Sales Prices
 
Building Size
Central City
 
Suburban
5,000-19,999 sf
$ 30.00
 
$ 55.00
20,000-39,999 sf
$ 25.00
 
$ 45.00
40,000-59,999 sf
$ 22.00
 
$ 40.00
60,000-99,999 sf
$ 15.00
 
$ 35.00
100,000-250,000
$ 12.00
$ 35.00
250,000 and over
$ 9.00
$ 30.00

Gross Lease
Construction
       
Building Size
Central City
Suburban
5,000-19,999 sf
$ 4.25
$ 5.95
$ 65.00
20,000-39,999 sf
$ 3.95
$ 3.95
$ 60.00
40,000-59,999 sf
$ 3.25
$ 4.25
$ 55.00
60,000-99,999 sf
$ 3.00
$ 3.95
$ 45.00
100,000-250,000
$ 2.50
$ 4.25
$ 37.00
250,000 and over
$ 2.00
$ 3.25
$33.00

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
$ 20.33
$ 23.73
$ 14.87
$ 18.81
Average Sale Prices
$ 75.00
$ 140.00
$ 50.00
$ 75.00

Source: Society of Industrial and Office Realtors (SIOR). 2003 Comparative Statistics of Industrial and Office Real Estate Markets.


 

 

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