NA T I ONAL
Self-Storage Investment Prices Median $psf
YOY change up
10 20 30 40 50 60
0
Source: Marcus & Millichap East
Midwest South West no
change $54
no
change $31
up
32% $49
30% $59
E A ST Retail Improving
Store managers along the Eastern Seaboard report improving retail sales and customer traffi c, according Levin Management's annual midyear survey. Of the 1,100 retail tenants sur- veyed, 64.2 percent reported same or higher sales volume than last year, compared with 50.1 percent who reported same or higher sales last year. T is year, 62.9 percent said customer traf- fi c was the same or higher than last year, com- pared with 50.4 percent in the 2011 survey. In addition, 91.4 percent thought that sales would remain steady or improve during the second half of 2012. Levin operates 100 retail proper- ties in Pennsylvania, New Jersey, New York, Virginia, North Carolina, and Florida, rang- ing from community and lifestyle centers to enclosed malls and mixed-use projects.
WE ST Á
"During the second quarter, cranes and bulldozers were not active in San Diego County as there were no industrial projects under construction, a strong indication that developers are not ready to build unless there is a tenant commitment in place." — Cassidy Turley San Diego
M I DWE ST Indy Spec Offi ce to Break Ground
Indianapolis' fi rst speculative offi ce development since 2008 breaks ground in the Keystone Crossing submarket in third quarter, according to Summit Realty Group in Indianapolis. Developer Sourwine Real Estate Services will own, develop, and manage the 80,700-sf multitenant property, which is scheduled to deliver in 2Q2013. Overall offi ce vacancy in the Indy market fell 1.2 percentage points to 21.1 percent in second quarter. However, the Keystone submarket vacancy rate fell to 17.8 percent, down from 22.5 percent a year ago.
CCIM.com
GSEs 28% Commercial banks 9%
NA T I ONAL
"Every major investor group increased their lending over the quarter."
— Jamie Woodwell, vice president of commercial real estate research, Mortgage Banking Association
Loan Volume Increase
1Q12-2Q12 by investor group
CMBS 302% Life insurance cos. 37%
September | October | 2012
43
Ä
Á