{"id":1004300069,"date":"2019-05-23T07:48:32","date_gmt":"2019-05-23T15:48:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004300069"},"modified":"2019-05-23T10:35:27","modified_gmt":"2019-05-23T18:35:27","slug":"2019-pricing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/","title":{"rendered":"2019 Pricing"},"content":{"rendered":"
\"\"<\/a>

Data current through 4\/23\/2019.
Source: Real Capital Analytics Inc., www.rcanalytics.com<\/p><\/div>\n

Transaction prices per square foot for office properties overall averaged $263 in 2018, up 6.5 percent year-over-year, according to Real Capital Analytics data. Per-square-foot prices for Office CBD averaged $418 (up by 12.4 percent), while Office Suburban rates averaged $213, up by 3.9 percent compared to 2017. Prices for Industrial properties were $88 per square foot, up slightly by 8.0 percent year-over-year. For Retail asset, prices per square foot remained unchanged year-over-year, averaging $183. Per-unit pricing for Garden Apartments averaged $128,746, down by 5.9 percent over 2017, while unit prices for Mid\/High-Rise Apartments were $265,450, down by 5.3 percent year-over-year.<\/p>\n

In the first quarter of 2019, overall prices for office properties averaged $272 per square foot, with Office CBD rates at $447 (down 90 basis points quarter-over-quarter), while Office Suburban prices averaged $212 per square foot. Industrial assets averaged $88 per square foot, while Retail pricing was up 27 percent in the first quarter compared to the fourth quarter ($217 per square foot). Prices per unit for Garden Apartments were $129,364 and inched down to $262,755 for Mid\/High-rise Apartments (from $274,743 in late 2018).<\/p>\n

Overall per-square-foot prices for office properties were $272 as of March, with no changes recorded over February. Rates for CBD Office averaged $447 per square foot, down 13.2 percent month-over-month, while Office Suburban prices reached $212 per square foot (up 5.5 percent). Industrial assets averaged $88 per square foot, while Retail rates were at $217 as of March, up 11.3 percent over February. For residential, prices averaged $129,364 per unit for Garden Apartments (down 1.5 percent) and were at $262,755 per unit for Mid\/High-Rise Apartments (down 4.4 percent).<\/p>\n

\u2014Posted on May 23, 2019<\/p>\n","protected":false},"excerpt":{"rendered":"

Pricing based on properties and portfolio sales of $2.5 million and greater across multifamily, office, retail and industrial sectors, updated quarterly.<\/p>\n","protected":false},"author":1312,"featured_media":1004325089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37767],"tags":[],"class_list":["post-1004300069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-pricing"],"acf":[],"yoast_head":"\n2019 Pricing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2019 Pricing\" \/>\n<meta property=\"og:description\" content=\"Pricing based on properties and portfolio sales of $2.5 million and greater across multifamily, office, retail and industrial sectors, updated quarterly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-23T15:48:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-23T18:35:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_RCA_Invest.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the Editorial Staff of CPE\/MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/\",\"name\":\"2019 Pricing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_RCA_Invest.png\",\"datePublished\":\"2019-05-23T15:48:32+00:00\",\"dateModified\":\"2019-05-23T18:35:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c3141425d7080d1ea3fd5b8beb15aecb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2019-pricing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_RCA_Invest.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_RCA_Invest.png\",\"width\":800,\"height\":600,\"caption\":\"Data current through 4\/23\/2019. 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