Source: Yahoo Finance

Reflecting Broad Recovery in Market Fundamentals and Pricing, Equal-Weighted CCRSI Index Posts Strongest Year-Over-Year Gain Since Beginning of Recovery

WASHINGTON, April 16, 2014 (GLOBE NEWSWIRE) — This month’s CoStar Commercial Repeat Sale Indices (CCRSI) provide the market’s first look at February 2014 commercial real estate pricing. Based on 1,028 repeat sales in February 2014 and more than 125,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity.

FEBRUARY 2014 CCRSI National Results Highlights

• COMMERCIAL REAL ESTATE PRICES REGISTER BROAD GAINS IN FEBRUARY: The two broadest measures of aggregate pricing for commercial properties within the CCRSI—the value-weighted U.S. Composite Index and the equal-weighted U.S. Composite Index—gained 1.1% and 1.7%, respectively, in February 2014. Both reached double-digit growth over the previous 12-month period as the pricing recovery extended to smaller markets and secondary property types.
• VALUE-WEIGHTED U.S. COMPOSITE INDEX HAS RECOVERED TO WITHIN 5% OF ITS PRE-RECESSION PEAK: The value-weighted U.S. Composite Index is more heavily influenced by high-value trades, where pricing has skyrocketed over the last two years. As a result, this CCRSI index has reached levels not seen since early 2008. Meanwhile, the equal-weighted U.S. Composite Index, which is more heavily influenced by lower-value trades, remained 22.3% below its prior peak.

By: Mike Wheatley
Source: Realty Biz News

Could warehouses become the next big thing in commercial real estate?  It’s too early to say now, but such properties are becoming increasingly sought after, as more retailers eye up the lucrative world of online shopping.

Unsurprisingly, it’s the major retailers like Amazon that are leading this charge, reports CNBC News. Amazon, along with other online retailers, has kept busy of late buying up dozens of small distribution centers around the country. It’s motivation for doing so is that it can keep its products closer to people’s homes, and have them delivered far sooner, something that should boost the company’s business even more.

By Marc Stiles Staff Writer-Puget Sound Business Journal

Source: http://www.bizjournals.com/seattle/news/2014/01/27/commercial-real-estate-stats-point-to.html

Commercial real estate services company Jones Lang LaSalle and football legend Roger Staubach, executive chairman of JLL’s operations in the Americas, are predicting that Seattle will lose the Super Bowl.

The reason: Seattle’s commercial office market is healthier than Denver’s.

Before you holler hooey, you should know that in the last 13 Super Bowls, teams in cities with more vacant office space have won the big game 62 percent of the time, according to JLL.