Retail Property Sale Prices – Sale Trends

Currently, the median sale price per square foot for retail properties in the metro area is in seven-month decline, falling 4.1% in that time. Previously, sale prices rose 22.4% over a eight-month period ending in March. Sale prices per square foot for retail properties decreased to $101.04, a decline of 1.5% compared with the last quarter. However, sale prices have seen a 17.1% increase for the previous 12 months. The highest median sale price during the past three years was $193.96, set in October 2009. In comparison, the current median sale price is down by 47.9%. However, the current price is 17.4% above the three-year-low of $86.09 set in August 2011. Source - LoopNet