2011 Real Estate Statistics Recap

Total Office/Retail/Commercial Inventory
8,165,000 square feet
Vacant Office/Retail/Commercial
7.3% vacant
Total Industrial Inventory
8,500,000 square feet
Vacant Industrial Inventory
9.2% vacant
Average Office Lease Rate: $12.57 NNN
Average Retail Lease Rate: $12.64 NNN
Average Commercial Lease Rate: $10.52 NNN
Average Industrial Lease Rate: $5.72 NNN
Active O / R / C feet for lease
635,579
Active Industrial feet for lease
127,341
2011 Space Leased:
216,166 square feet – $6,827,986
2011 Buildings Sold:
List value $13,106,524
Sold value $11,483,511

Commercial sales up 12% over 2010!

Jeff Edberg, CCIM, SIOR
Manager, Skogman Commercial Group
Iowa City / Coralville
Jeff@icrealestate.com
(319) 331-6187