Land O Lakes Real Estate News - JLS Investment Realty

Wesley Chapel, FL Market Trends - Asking Price Index Trends for Commercial Real Estate
August 2nd, 2011 2:56 PM

Wesley Chapel, FL Market Trends

Asking Price Index Trends for Commercial Real Estate

Industrial Property Asking Price Index Trends

Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$6.83 +0.1% -3.3%
-
Metro
$6.08 +0.5% -3.5%
Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$77 -2.1% -14.5%
-
Metro
$62 -0.9% -12.3%
-
County
$59 +1.0% -11.7%

Multifamily Property Asking Price Index Trends

Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$61,009 -0.2% -11.5%
-
Metro
$47,008 +0.4% -14.7%
-
County
$39,744 -1.0% -3.1%

Office Property Asking Price Index Trends

Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$16.06 -0.5% -4.5%
-
Metro
$16.26 +0.2% -1.5%
-
County
$13.22 +0.7% -0.8%
-
City
$13.98 +3.8% -0.6%

The average asking rental rate per sq ft/year for Office properties in Wesley Chapel, FL as of Jun 11 was $13.98. This represents an increase of 3.8% compared to the prior 3 months, with a decrease of -0.6% year-over-year. County-wide, average rental rates in Wesley Chapel are +0.7% higher at $13.22 per sq ft/year for Office properties currently for lease.

Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$144 -2.4% -13.9%
-
Metro
$129 -2.1% -12.3%
-
County
$121 -1.8% -14.7%
-
City
$152 +0.1% -9.1%

Current Wesley Chapel market trends data indicates an increase of +0.1% in the median asking price per sq ft for Office properties compared to the prior 3 months, with a decrease of -9.1% compared to last year's prices. County-wide, asking prices for Office properties are -1.8% lower at $121 per sq ft compared to the current median price of $152 per sq ft for Office properties in Wesley Chapel, FL.

Retail Property Asking Price Index Trends

Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$15.21 -0.6% -6.0%
-
Metro
$13.74 -1.3% -10.2%
-
County
$11.21 -2.5% -37.3%
-
City
$21.18 -2.0% -5.1%

The average asking rental rate per sq ft/year for Retail Commercial properties in Wesley Chapel, FL as of Jun 11 was $21.18. This represents a decrease of -2.0% compared to the prior 3 months, with a decrease of -5.1% year-over-year. County-wide, average rental rates in Wesley Chapel are -2.5% lower at $11.21 per sq ft/year for Retail Commercial properties currently for lease.

Jun 11 vs. 3 mo.
prior
Y-O-Y
-
State
$155 -1.9% -11.5%
-
Metro
$151 -1.9% -11.8%
-
County
$137 -3.6% -27.0%

Asking Price / Asking Rent: “Asking” refers to the dollar amount listed on the LoopNet marketplace. Charts are based on an index of data from the LoopNet marketplace by a given property type in a given geography. Asking Rent Trends are obtained by weighting each rental rate by the space available and dividing it by the sum of the total space available.

County / Metro: County and Metro refer to the parent county and metro of the city. “Metro” is a term LoopNet utilizes and refers to the U.S. Census Bureau definitions of metropolitan and micropolitan statistical areas, collectively referred to as CBSAs (learn more). For example a chart representing the city of Wesley Chapel may contain data representing the county of Pasco and the metropolitan statistical area.

Y-O-Y: A comparison to the same period in the previous year.

vs. 3 mo prior: A comparison to the average of the 3 months before the current month.

http://www.loopnet.com/Wesley-Chapel_Florida_Market-Trends


Posted in:General
Posted by Jennifer Stepanek on August 2nd, 2011 2:56 PMPost a Comment

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