It’s April 15, 2013, tax day, and let’s take a look at the commercial sales and leasing activity in the Iowa City / Coralville area market. So far, there have been 27 leasing and sales transactions. 27 leasing and sales transactions doesn’t really seem like many in 104 days. Last year at this time there were just 36 similar transactions, so the volume is not that different from last year. The makeup of the transactions is interesting. 3 are commercial land sales, 6 are retail leases / sales and 18 are office leases / sales and there have been no industrial sales / leases. In a small market like the Iowa City / Coralville area each transaction represents 4% of the market activity, so one has to be cautious about making generalizations from small data sets, but office seems to be king so far in the area!
Last year (2012), there were a total of 127 transactions in the area, 13 were land sales, 26 were office sales / leases, a whopping 58 were retail sales / leases and 30 were industrial sales / leases. All transactions are healthy for the market but all indicate different trends
