Baltimore • Boston • Charlotte • Hartford • New York City • Norfolk Northern New Jersey • Philadelphia • Pittsburgh • Raleigh • Richmond • Washington, D.C
East Region Baltimore • Boston • Charlotte • Hartford • New York City • Norfolk Northern New Jersey • Philadelphia • Pittsburgh • Raleigh • Richmond • Washington, D.C. EastRegionTransactionBreakdown n CCIM candidates and designees who responded to year, while one-fourth of respondents expect the economy RERC’s survey rated the East region’s economic perfor- to perform better during the next year. mance at 4.4 on a scale of 1 to 10, with 10 being high, during first quarter 2009. This rating was a slight increase n Along with lower volume of property sales, RERC’s trans- from the previous quarter’s rating, and tied the East region action analysis for the East region showed declining pric- with the Midwest for the highest ratings among the four es and increasing capitalization rates during first quarter regions. 2009. n Nearly two-thirds of the CCIM respondents expect the East regional economy to perform the same over the coming East Transaction Breakdown 12-Month Trailing Averages (04/01/08 - 03/31/09) Office Industrial Retail Apartment Hotel < $2 Million Volume (Mil) $498 $798 $1,012 $224 $15 Size Weighted Avg. ($ per sf/unit) $76 $47 $82 $55,932 $27,261 Price Weighted Avg. ($ per sf/unit) $114 $79 $128 $72,734 $42,822 Median ($ per sf/unit) $84 $56 $85 $62,500 $29,808 $2 - $5 Million Volume (Mil) $659 $1,172 $1,208 $765 $97 Size Weighted Avg. ($ per sf/unit) $114 $59 $123 $79,938 $37,844 Price Weighted Avg. ($ per sf/unit) $195 $108 $242 $119,362 $50,017 Median ($ per sf/unit) $143 $77 $185 $97,428 $40,806 > $5 Million Volume (Mil) $25,624 $4,020 $4,126 $8,371 $1,838 Size Weighted Avg.
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