Á
Á
W E S T
S O U T H
Boise, Idaho
Retail Net Absorption
South
Florida
Multifamily Strong
779,000 sf
800,000
Miami-Dade, Broward, and Palm Beach, Fla., counties
boast some of the strongest multifamily fundamentals
in the country. With occupancies averaging around
95.6 percent, rents are forecast to grow between 13 percent and 16 percent during the next fve years. Even
with the addition of 14,000 units by 2014, "new supply
will barely keep pace with demand," says CBRE, due to
large-scale condo conversions, falling home ownership
rates, and strong population growth. Lack of class A
product and 5 percent cap rates are sending investors
to look at value-add B and C properties.
700,000
600,000
457,000 sf
500,000
400,000
300,000
200,000
100,000
35,000 sf
0
2010
2011
2012
Source: Thornton Oliver Keller Commercial Real Estate
W E S T
Á
"Interest still remains high from national tenants looking at the Boise
market. An entire city block in the heart of downtown Boise is the target of
one such national chain."
S O U T H
Á
—Year-End 2012 Market Report, Tornton Oliver Keller Commercial Real Estate
Office Leasing Dominates
Gainesville Market
Ofce leasing is up in the Gainesville, Fla., market, a sign that small
companies in tertiary markets are forming and expanding. Nearly
50 percent of Gainesville's ofce space is under 2,000 sf, and 74
percent is under 4,000 sf. Ofce leasing accounted for 54 percent of
transactions in 2012, and more than 30,000 sf of ofce space was
absorbed from June to December 2012, says Beau Beery, CCIM,
owner/broker of Coldwell Banker Commercial M.M. Parrish Realtors in Gainesville.
CCIM.com
Gainesville Office Breakdown
Highest number of listings
SIZE (SF)
NUMBER OF LISTINGS
AVERAGE RENT
$PSF
1,001–2,000
86
13.04
2,001–3,000
37
14.26
501–1,000
33
13.67
1–500
25
23.26
3,001–4,000
24
12.14
Source: Coldwell Banker Commercial M.M. Parrish Realtors
May | June | 2013
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