November 9, 2011 rummy 0Comment

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By Rummy Dhanoa ( Expert Advisor)

Industrial Property Asking Price Index – Sale Trends

Sep 11 vs. 3 mo. prior Y-O-Y

State

$91.24 +0.4% +3.3%

Metro

$114.31 -0.4% -2.7%

County

$127.38 -1.5% -9.0%

For industrial properties in the metro area for the month, the average asking price was $114.31 per square foot. This shows a drop of 2.7% year-over-year, and a decline of 0.7% from the end of the second quarter of 2011. This month, asking prices for industrial properties have fallen to a new three-year low. The previous three-year low was last month at $114.51. The three-year high for asking prices is $137.46, which was set in October 2008.