Over 150 Primary, Secondary & International commercial real estate markets are covered in the 2013 Year End edition of the Coldwell Banker Commercial Blue Book.

1. 2013
Blue Book
SEMI-ANNUAL
Marketing Intelligent Report
For Commercial Real Estate
Download at
CBCworldwide.com

2. CONTENTS
AL - Houston County
AL - Huntsville
AL - Montgomery/Central
AR - Little Rock
CA - Roseville/Placer County
CA - Antelope Valley
CA - Carmel/Monterey Peninsula
CA - Chico
CA - Corona/Riverside
CA - Inland Empire/Victor Valley
CA - Long Beach/South Bay
CA - Los Angeles/San Fernando/San Gabriel
CA - Modesto MSA
CA - Napa/Sonoma Valleys
CA - Newport Beach
CA - Orange County
CA - Orange County Coast
CA - Sacramento
CA - San Bernardino/Inland Empire
CA - San Diego
CA - San Mateo County
CA - Southwest Riverside County
CA - West Los Angeles
CO - Denver
CO - Denver County
CO - Western
CT - Western
FL - Brevard County
FL - Daytona Beach/Ormond Beach
FL - Florida Keys
FL - Gainesville
FL - Jacksonville
FL - Lakeland/Winter Haven MSA
FL - Melbourne/Palm Bay/Titusville
FL - Miami-Dade County
FL - Naples/Ft. Myers
FL - Orange City/Debary
FL - Orlando MSA
FL - Port Orange/New Smyrna Beach
FL - Port St Lucie
FL - St Lucie County
FL - Sarasota/Manatee/Charlotte
FL - South Florida
FL - Southeast
FL - Tallahassee
FL - Tampa Bay
FL - Vero Beach
GA - Athens
GA - Atlanta MSA
GA - Atlanta, Greater MSA
GA - Macon, Bibb County
GA - Peachtree City
GA - Savannah
HI - Honolulu
ID - Kootenai County
IL - Bloomington/Normal
IL - Champaign/Urbana
IL - Chicagoland
IL - DuPage County
IL - Tazewell County
IN - Indianapolis
KS - Garden City
KS - Kansas City Metro Area
KY - Louisville Metro
KY - Paducah/McCracken County
KY - Southern
LA - Acadiana
LA - New Orleans
ME - Midcoast
MN - Mankato
MN - Minneapolis Metro
MS - Gulfport/Biloxi
MO - St. Joseph
NE - Lincoln
NV - Reno/Sparks MSA
NJ - Central New Jersey
NJ - Morris County
NJ - Northern
4
4
5
5
6
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
31
31
32
32
33
33
34
34
35
35
36
36
37
37
38
38
39
39
40
40
41
41
42
42
NM - Albuquerque MSA
NY - Albany/Capital Region
NY - Buffalo/Rochester
NY - Long Island
NY - New York
NC - Charlotte MSA
NC - New Hanover County
ND - Fargo/Moorhead
OH - Cincinnati
OK - Oklahoma City MSA
OR - Portland
OR - Salem/Keizer
PA/NJ - Bucks Co, PA/Hunterdon Co, NJ
PA - Lackawanna/Luzerne Counties
PA - Pittsburgh
SC - Charleston MSA
SC - Columbia
SC - Greenville
SC - Myrtle Beach
SC - Spartanburg
SD - Rapid City
TN - Chattanooga Metro
TN - Knoxville - East
TN - Nashville MSA
TX - Austin
TX - Bryan/College Station
TX - Dallas/Ft. Worth
TX - Houston
TX - Lubbock
TX - Rio Grande Valley
TX - South/Central
TX - Southeast
TX - Waco
UT - Salt Lake/Utah County
VA - Fredericksburg
VA - Lynchburg
VA - Spotsylvania County
VA - Williamsburg/Hampton Roads MSA
WA - King County
WA - Seattle
WA - Tacoma/Puyallup
WA - Vancouver & Southwest
WI - Madison, Greater
WI - Rock County
WY - Cheyenne
43
43
44
44
45
45
46
46
47
47
48
48
49
49
50
50
51
51
52
52
53
53
54
54
55
55
56
56
57
57
58
58
59
59
60
60
61
61
62
62
63
63
64
64
65
INTERNATIONAL MARKETS
Australia - Gold Coast, Queensland
66
Bermuda 66
Canada
- Aurora, Ontario
67
- Barrie, Ontario
67
- Campbell River, British Columbia
68
68
- Courtenay/Comox, British Columbia
- Innisfil, Ontario
69
- Nanaimo, British Columbia
69
- Newmarket, Ontario
70
- Orillia, Ontario
70
- Ottawa, Ontario
71
- Richmond Hill, Ontario
71
- Vaughan, Ontario
72
- Victoria/Capital Regional, British Columbia
72
- Waterloo Region, Ontario
73
- Winnipeg Area, Manitoba
73
Cayman Islands - Grand Cayman
74
Costa Rica
74
France 75
Greece 75
Ireland - Republic of Ireland
76
Italy 76
México - México City
77
Puerto Rico
77
Spain 78
United Arab Emirates - Dubai
78

3. US TRENDS*
The Coldwell Banker Commercial® (CBC) Blue Book offers a unique market perspective with data
generated by true commercial real estate market experts – the professionals of the Coldwell Banker
Commercial companies within the local markets. In total, there are over 140 domestic and international
markets covered in this edition of the Blue Book. Below are the US market statistics.
OFFICE
retail
industrial
mulTI-family
Q4 2012
Q4 2013
Q4 2012
Q4 2013
2012
2013
Q4 2012
Q4 2013
17.1%
16.9%
11.8%
11.3%
10.0%
9.5%
4.6%
4.1%
Absorption
3,110,000
8,867,000
1,841,000
2,195,000
96,277,000
94,263,000
41,967
50,627
Rental Rates
$28.47
$29.07
$18.00
$18.26
$4.61
$4.69
$1,097
$1,131
Vacancy
Source: Reis
The charts below represent how many of the 127 US markets submitted in this book are Up,
Down or had No Change.*
OFFICE
Vacancy
Absorption
Rental Rates
p
q
n
p
q
n
p
q
n
23 Markets
73 Markets
24 Markets
71 Markets
20 Markets
26 Markets
51 Markets
21 Markets
45 Markets
retail
p
q
n
p
q
n
p
q
n
industrial
p
q
n
11 Markets
92 Markets
17 Markets
p
q
n
87 Markets
14 Markets
15 Markets
p
q
n
56 Markets
18 Markets
45 Markets
6 Markets
90 Markets
8 Markets
89 Markets
12 Markets
15 Markets
67 Markets
7 Markets
43 Markets
mulTI-family
p
q
n
p
q
n
p
q
n
14 Markets
76 Markets
7 Markets
75 Markets
11 Markets
19 Markets
73 Markets
8 Markets
26 Markets
*Based off 122 US Markets (Information was N/A in certain sectors)
UNEMPLOYMENT
p
q
n
4 Markets
116 Markets
2 Markets
Sources of Information
Each market information comes from the CBC affiliate listed as the contact. Information is deemed
from sources considered reliable. Various sources of the data include but are not limited to: CoStar,
Reis and LoopNet. Demographic information was accessed from EASI Demographics and 2010 Census.
A Core Based Statistical Area (CBSA) is a U.S. geographic area defined by the Office of Management
and Budget (OMB) based around an urban center of at least 10,000 people and adjacent areas that are
socioeconomically tied to the urban center by commuting. Unemployment numbers were taken from
Bureau of Labor Statistics.
Dec 2012 vs Dec 2013
Source: Bureau of Labor Statistics
3

4. AL - Houston County
AL - Huntsville
DEMOGRAPHICS
CBSA
Dothan, AL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,718
143,295
57,785
$43,656
58,833
5.50%
CBSA
Huntsville
MARKET HIGHLIGHTS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,373
410,866
166,785
61,008
174,427
4.90%
MARKET HIGHLIGHTS
• In March, Houston County will be hosting the first meeting
• Job announcements encourage market in general.
• Boeing announced 400 engineering jobs for Dreamliner
ever held in the United States of over 400 business owners
from China who are interested in expansion into the US.
project.
• There are new major retailers in the area including Sports
• Remington announced 2,000 jobs for their manufacturing
Academy, Gander Mountain and Car Max.
plant.
• Tourism dollars for Houston County soar to $218 Million.
• The Hospitality industry continues to grow. Lodging Tax
• Retail leasing has recommenced.
• Downtown construction continues and is accelerating.
• City invokes half-cent sales tax for $250 million for road
collection remains strong in Dothan, AL.
• Dothan, AL neighboring cities and counties benefit from major
improvements.
Industrial re-locations.
• The Osteopathic Medical College brings new development to
the southside of Dothan.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
n
n
q
Vacancy
p
q
n
n
Absorption
p
n
n
p
Absorption
q
p
n
n
Rental Rates
n
n
n
p
Rental Rates
n
p
n
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Alfred Saliba Realty
410 N. Shady Lane
Dothan, AL 36303
(334) 793-6600
www.alfredsalibacommercial.com
Coldwell Banker Commercial
McLain Real Estate
4
Post Office Box 2199
Huntsville, AL 35804
(256) 533-3414
www.mclaincommercial.com

5. AL - Montgomery/Central
AR - Little Rock
DEMOGRAPHICS
CBSA
Montgomery,
AL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,725
367,157
147,017
$52,679
144,160
5.90%
CBSA
Little
Rock- North
Little RockConway, AR
MARKET HIGHLIGHTS
• 100 + year old Hancock Bank selects Montgomery, AL as
its new corporate center, bringing 200 jobs. Ron Milliet,
Hancock’s chief information officer, said it took two years to
find its new location which was chosen due to the centrality
of its five-state footprint, plus Montgomery is safe and has
a good educational system. The Central Alabama corporate
center will occupy approximately 40,000 SF at Montgomery’s
Capitol Commerce Center off I-85. Hancock invested $500,000
in the opening of the new center, Milliet said, and expects to
have an annual payroll of an estimated $3.5-4 million when all
of the employees are hired.
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,090
690,456
276,042
$56,190
290,765
6.20%
MARKET HIGHLIGHTS
• Bass Pro Shops opened to huge holiday crowds at Gateway
Town Center.
• Retail vacancy rate dipped to 5.3% by end of 2013,
approximately half the national rate.
• New England Development Co. of Newton, MA., plans a
325,000 SF outlet mall called The Outlet at Little Rock near
Bass Pro Shops at the Gateway Town Center.
• 212,000 SF Verizon Building and 147,000 SF Three Financial
sold to local investors.
• Vacancy is falling due to the unique position Montgomery
• LR Technology Park selects downtown Little Rock as location,
finds itself in as the central interstate interchange and
governmental hub in a state ripe with new auto manufacturing
opportunities. Steel and aircraft manufacturing jobs are also
blossoming throughout the state and region.
choosing it over suburban sites in a close vote.
• Forbes Travel Guide names Little Rock one of its “Five Secret
Foodie Cities,” mentioning Whole Hog Cafe.
• A mix of Industrial facilities and bedroom communities,
combined with downtown revitalization, is leading to a more
balanced work/life atmosphere in the capital city.
• All 5 major metro areas representing 70% of Alabama sales
have positive sales growth in 2013 led by Montgomery with
year-over-year sales growth of 14.6%. Alabama residential
sales in 2013 improved by 10.2% from the prior year. This
represents the third consecutive year of positive sales growth
for Alabama’s residential real estate industry. In 2012, sales
grew 5.9% year-over-year.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
n
q
q
Vacancy
q
q
q
p
Absorption
p
n
p
p
Absorption
p
p
p
q
Rental Rates
n
n
p
n
Rental Rates
p
n
n
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Moore Company Realty
121 Coosa St. Suite 250
Montgomery, AL 36104
(334) 262-1958
www.moorecompanyrealty.com
Coldwell Banker Commercial
Hathaway Group
5
2100 Riverdale Rd. Suite 100
Little Rock, AR 72202
(501) 663-5400
www.hathawaygroup.com

6. CA - Roseville/Placer County
CA - Antelope Valley
DEMOGRAPHICS
CBSA
SacramentoArdenArcadeRoseville, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
5,094
2,141,658
801,834
61,184
727,825
7.60%
CBSA
Los AngelesLong BeachSanta Ana, CA
MARKET HIGHLIGHTS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
• Walmart is the major occupant in new Rocklin Super Center.
• Builders are pre-selling homes.
• Overseas investor buyers are making purchases in many
• City of Hope finished construction of a 56,195 SF full-service
cancer facility in Lancaster.
• Kaiser Permanente broke ground on 136,000 SF Medical
Office facility implementing a sustainable energy design
slated to become their “signature” model for new Office
construction.
markets.
• Large Land sales are happening.
• Construction jobs are up 25%.
• Skilled labor market is increasing in the market.
• Construction began on an 88-room Best Western and a 93room Town Place Suites by Marriott in Lancaster.
• Dick’s Sporting Goods began their move to former Gottschalks
building in the Antelope Valley Mall.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
p
p
q
N/A
Absorption
p
p
p
p
Absorption
n
q
p
N/A
Rental Rates
n
p
p
p
Rental Rates
q
p
n
N/A
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
NRT
2200 B Douglas Blvd. Suite 200
Roseville, CA 95661
(916) 786-4600
www.cbcworldwide.com
Coldwell Banker Commercial
Valley Realty
6
42402 10th St. West Suite E
Lancaster, CA 93534
(661) 948-2644
www.cbcvalleyrealty.com

7. CA - Carmel/Monterey Peninsula
CA - Chico
DEMOGRAPHICS
CBSA
Salinas, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
3,322
413,103
133,220
65,355
120,633
11.00%
CBSA
Chico, CA
MARKET HIGHLIGHTS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,639
221,277
88,796
$43,239
60,484
9.10%
MARKET HIGHLIGHTS
• After decades of little to no development, the outlook is
• Employment levels are improving.
• The latest re-use proposal for the former Holman Building
• Housing market is stable after modest upward trend.
• Excellent absorption of Warehouse lease space. Scarcity
changing on the Monterey Peninsula. The City of Monterey
has approved and found water credits for over 100 new
residential units in the heart of Downtown Monterey.
in Butte county in 2013.
There were 1,300 new jobs
of smaller units and some new Warehouse construction is
planned.
was turned down by voters in Pacific Grove. This Hotel project
has expired.
• New 60,000 SF North Butte County Courthouse is under
• Retail rents and vacancy are increasing in Downtown Carmel.
• East Garrison development in the former Fort Ord is moving
construction in Chico.
• New Retailers in the area include: Dollar General, Dollar Tree,
forward and already selling new homes. Other developments
within Fort Ord are selling homes; retailers and service
providers are open for business; and the new movieplex
opened.
Sportsman’s Warehouse, Goodwill, Jersey Mike’s, McDonalds
and It’s a Grind Coffee.
• Agricultural industry is doing well. However, drought is a
• Voters are finally getting serious about finding a long term
major concern.
water solution.
• Retail and Office sectors at the mouth of the Valley are
filling in the huge vacancies that resulted from McGraw
Hill relocating to Ryan Ranch. New tenants include Prim
Hardware and Beverages, as well as others.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
n
q
Vacancy
q
q
q
N/A
Absorption
p
p
n
p
Absorption
p
p
p
N/A
Rental Rates
N/A
p
p
p
Rental Rates
n
n
p
N/A
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
NRT
3775 Via Nona Marie
Carmel, CA 93921
(831) 601-3284
www.cbcworldwide.com
Coldwell Banker Commercial
DuFour Realty
7
1350 E. Lassen Ave., Suite 1
Chico, CA 95973
(530) 895-1545
www.cbcworldwide.com

8. CA - Corona/Riverside
CA - Inland Empire/Victor Valley
DEMOGRAPHICS
CBSA
RiversideSan
BernardinoOntario, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
27,260
4,171,856
1,350,253
52,845
1,156,307
8.90%
CBSA
RiversideSan
Bernardino
Ontario, CA
MARKET HIGHLIGHTS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
27,260
4,171,856
1,350,253
$52,845
1,156,307
8.90%
MARKET HIGHLIGHTS
• Industrial continues to be the strongest sector in the region
• Activity for land purchases were up 150% year over year.
• The Southern California Logistics Airport (SCLA) Industrial
with a vacancy rate under 4%. Industrial construction has
increased with buildings in the most desirable areas receiving
offers before construction begins.
Park is near capacity. Industrial stats outside of SCLA ended
the year at $3.36 lease rate and 7.6% vacancy.
• Office has seen the most dramatic recovery. Vacancy rates
• Regional home builders have returned in 2013 with median
have declined to 13% as the buildings constructed at the end
of the previous building boom are being absorbed. Rental
rates in the Class A buildings are increasing, and businesses
in the area are expanding.
re-sale house prices up 32% year over year.
• Office vacancy rates showed steady decline, ending the year
at 6.0% with lease rates of $14.76. The majority of space was
leased to small & medium format users.
• With construction activities increasing, the expansion of
the retail business is starting to surge. In turn, with more
contractors working, the additional demand for Industrial
product will rise.
• Retail expansion continued in 2013 with national & regional
brands including; Jersey Mike’s, Denny’s, Ulta Beauty, Big
5, Dollar General, Dick’s Sporting Goods and others. Retail
vacancy rate fell from 12.2% in 2012 to 10.7% ending 2013,
which included the absorption of 600,000 SF in new deliveries.
• Retail space in well anchored shopping centers is now at a
premium. The Retail projects constructed at the end of the
building boom have been repositioned with new ownership at
a much lower cost basis, allowing those owners to pass along
more competitive rental rates.
• Two new super Walmarts opened in 2013, with a 3rd under
construction and a 4th breaking ground in 2014.
• Multi-Family continues to perform well in the area. After
almost a decade of very limited construction, Multi-Family
projects are now coming on line. Large scale luxury
Apartment projects have opened in Corona and Riverside with
strong absorption causing an uptick in rental rates.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
p
q
Absorption
p
p
p
p
Absorption
p
p
q
p
Rental Rates
p
n
p
p
Rental Rates
q
q
p
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Sudweeks Group
1260 Corona Pointe Ct. Suite 101
Corona, CA 92879
(951) 200-7683
www.cbcsocalgroup.com
Coldwell Banker Commercial
Real Estate Solutions
8
15500 W Sand St. 2nd Floor
Victorville, CA 92392
(760) 684-8000
www.cbcdesert.com

9. CA - Long Beach/South Bay
CA - Los Angeles/San Fernando/San Gabriel
DEMOGRAPHICS
CBSA
Los AngelesLong BeachSanta Ana, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
CBSA
Los AngelesLong BeachSanta Ana, CA
MARKET HIGHLIGHTS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
• Mercedes Benz USA leased 1.1 million SF in the Long Beach
• Multi-Family: 4-6,000 high end rental units are under
• Virco Manufacturing renewed a lease of 559,490 SF in
• Office: Community Bank took 90,000 SF in Pasadena but the
• Multiple new Residential and Retail developments in
• Industrial: Vacancy is declining as existing inventory is leased
Airport area.
construction, and there are more buyers than ever before.
Torrance.
market continues to be soft in the tri-cities.
Downtown Long Beach are set to break ground in 2014.
or sold without new development of any significance in LA
County.
• Multi-Family cap rates continue to stay low in the range of
• Retail: One of the most notable sale transactions in 2013 was
3-4%.
the sale of the 964,000 SF Valencia Town Center in Valencia,
CA for $195,000,000.
• Scan Health Plan completed a lease renewal and expansion
transaction for a 202,804 SF Office space for 12 years at Kilroy
Airport Center.
• Retail: The vacancy rate in Los Angeles has decreased to
5.2%.
• The 150,000 SF ocean front Retail center of Ports O’ Call in
San Pedro to begin a $1.2 Billion redevelopment led by the LA
Waterfront Alliance.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
p
n
q
Vacancy
q
q
q
q
Absorption
N/A
q
n
n
Absorption
p
p
p
p
Rental Rates
p
p
p
p
Rental Rates
p
n
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Blair Westmac
333 W. Broadway Suite 312
Long Beach, CA 90802
(562) 495-6070
www.cbcblair.com
Coldwell Banker Commercial
Alliance
9
701 North Brand Blvd. 850
Glendale, CA 91203
(818) 334-1900
www.cbcalliance.com

10. CA - Modesto MSA
CA - Napa/Sonoma Valleys
DEMOGRAPHICS
CBSA
Modesto, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,494
512,221
167,008
$49,395
140,743
12.20%
MARKET HIGHLIGHTS
CBSA
Napa, CA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
754
135,273
52,057
$72,042
60,343
5.90%
MARKET HIGHLIGHTS
• Stanislaus County is located in the Central Valley.
• Upvalley, in Calistoga, two new restaurants, 1226 Washington
• The major industry is AG-related, employing approximately
• In St. Helena, commercial lease rates remained steady,
Many
people in the surrounding areas shop in its county seat of
Modesto.
and Hotel D ‘Amici Ristorante, were opened by new owners in
previously shuttered locations.
18,000 people or 11.3 percent of the total 160,000 people that
are employed. The unemployment rate varies due to seasonal
positions in the AG industry.
hovering around $4 PSF on Main Street, with only a single
1,500 SF space available at year’s end.
• Redevelopment of the old Town Center in Napa, now called
• Well located shopping areas have been attracting new tenants
The Shops at Napa Center, got a boost with the naming of
its new anchor, a 7-story luxury hotel, Archer Napa, to be
developed by Zapolski Real Estate and LodgeWorks.
with some major remodeling. Vacant spaces, due to the lack
of new construction, have been absorbed as needed. Kaiser
Permanente built a major hospital complex with Memorial
Hospital building a major expansion.
• Near the end of 2013, the Industrial vacancy rate was very low,
below 2% for the City of Napa and in the business parks, as
well, which are located in unincorporated areas of the county.
• There have been major layoffs in the government sector based
on tax assessments being lowered due to the downturn in real
estate values. Leveling out has occurred, and all are hoping
real estate prices will start to rise more in 2014. This will only
come if unemployment in the area starts to decline.
• CRE vacancy rate in American Canyon held steady at about
4.8%.
• In Sonoma Valley, the most coveted Retail spaces continue to
exist on the History Plaza, in the center of Sonoma. Scarce
inventory plus prime location command top dollar for rents.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
n
q
Vacancy
q
q
n
n
Absorption
p
p
q
p
Absorption
p
p
n
n
Rental Rates
p
p
n
p
Rental Rates
n
p
n
p
multi-family
CONTACT
CONTACT
Coldwell Banker Commercial
Vinson Chase, Realtor
220- C Standiford Ave.
Modesto, CA 95350
(209) 577-4747
www.cbcworldwide.com
Coldwell Banker Commercial
Brokers of the Valley
10
1775 Lincoln Ave.
Napa, CA 94558
(707) 224-8454
www.napacommercialproperties.com
multi-family

11. CA - Newport Beach
CA - Orange County
DEMOGRAPHICS
CBSA
Los AngelesLong BeachSanta Ana, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
CBSA
Los AngelesLong BeachSanta Ana, CA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
• Retail vacancies are down in Newport Beach area.
• Office vacancies are still high at 12% with the exception of
• OC’s Industrial market is tied with greater LA Industrial
market for the lowest Industrial vacancy rate in the country at
4.4%.
Fashion Island.
• OC’s Office market inches toward Landlord & Tenant
• Employment is up, and the area small business should be
equilibrium. Vacancy rates in low, mid, and high-rise
buildings continue to drop, approaching single digit vacancy in
some sectors.
increasing.
• Commercial activity in general is picking up.
• OC Apartments had a terrific year.
The housing demand
continues to tighten on the rental market as many people are
forced to rent as a result of the recent housing downturn.
• Sign of Retail recovery is clearly underway, led by the food
industry, especially quick-service restaurants. Throughout
the recession, lunch crowds and families were drawn to fast,
affordable, healthy alternatives.
• Investment sales of all types have led to a robust recovery in
OC. Declining cap rates have increased values and clearly
indicate an increasing demand from investors for well located,
income producing OC properties.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
p
q
q
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
p
p
p
p
Rental Rates
n
q
p
p
Rental Rates
p
p
p
p
multi-family
CONTACT
CONTACT
Coldwell Banker Commercial
NRT
201 Marine Ave.
Newport Beach, CA 92662
(949) 422-6657
www.cbcworldwide.com
Coldwell Banker Commercial
Alliance
11
2600 Michelson Dr.
Irvine, CA 92612
(949) 954-3700
www.cbcalliance.com
multi-family

12. CA - Orange County Coast
CA - Sacramento
DEMOGRAPHICS
CBSA
Los AngelesLong BeachSanta Ana, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
CBSA
Sacramento-ArdenArcade-Roseville, CA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
5,094
2,141,658
801,834
61,184
727,825
7.60%
MARKET HIGHLIGHTS
• Orange County jobless rate dropped to 5.2%.
• There is a shortage of housing so building permits are up.
• Employment is still below the 2006 peak.
• Home supply is low and resulted in a 19.7% increase in prices.
• Construction growth is 15% higher than any other economic
• Over the past 6 months, no major tenants have moved out.
• Rental rates are rising for multi Apartment units.
• Construction improved past year but is still slow.
• Residential market: inventory of REO is low. Residential
prices have gone up due low inventory.
• The market is improving slowly in both Residential and
OC sector.
Commercial.
• Orange County is attractive to businesses because it is 75
• For investment properties, it is still a bargain area. Investors
degrees most all of the year.
can possibly still obtain 8-9% cap rate.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
p
q
q
q
Vacancy
p
p
q
q
Absorption
q
p
p
p
Absorption
n
p
p
p
Rental Rates
p
q
n
p
Rental Rates
n
n
n
q
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
NRT
4 San Joaquin Plz. Suite 260
Newport Beach, CA 92660
(714) 504-4649
www.cbcworldwide.com
Coldwell Banker Commercial
NRT
12
730 Alhambra Blvd
Sacramento, CA 95819
(916) 447-5900
www.cbcworldwide.com

13. CA - San Bernardino/Inland Empire
CA - San Diego
DEMOGRAPHICS
CBSA
RiversideSan
BernardinoOntario, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
27,260
4,171,856
1,350,253
52,845
1,156,307
8.70%
MARKET HIGHLIGHTS
CBSA
San DiegoCarlsbadSan Marcos,
CA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,200
3,071,264
1,129,261
$66,264
1,227,936
6.40%
MARKET HIGHLIGHTS
• Large Industrial site values have spiked to accommodate
• The unemployment rate is at 6.4% in San Diego County. It is
• Notable Industrial leases over 300,000 SF: Amazon,
• Sempra Energy has signed a 25 year lease for 330,000 SF.
• San Diego’s Q4 Office developments currently under
• Major transactions include: 303 E. Vanderbilt, San Bernardino
• Vacancy for all Retail center types, including sublease space,
large new Warehouse construction. 20 buildings, totaling
10,745,000 SF, are under construction and 5 buildings, totaling
2,095,00 SF, have been completed.
down 1.2%.
construction reached 921,266 SF, increasing more than
227,000 SF more than Q3, 2013.
Burlington Coat, Decker Outdoor, Kane Warehousing, Ross
Dress for Less and Building Material Distributors, Inc.
was 5.3%.
- 69,000 SF; San Bernardino County leased investment: $1.85/
SF/FSG, 10 year term. Sales price was $7,250,000.
• Industrial vacancy rates have declined for 10 consecutive
• Unemployment has dropped to 8.7% from 10.9% over the past
quarters and should reach the pre-recession vacancy rate
next year.
year.
• The Multi-Family market is one of the best in the country with
average vacancy rates county wide at 2.1%.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
q
n
N/A
Vacancy
q
q
q
q
Absorption
n
n
p
N/A
Absorption
p
p
p
p
Rental Rates
p
p
p
N/A
Rental Rates
p
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Sudweeks Group
1901 Orange Tree Lane, Suite 250
Redlands, CA 92374
(909) 793-3600
www.cbcsocalgroup.com
Coldwell Banker Commercial
Sudweeks Group
13
4365 Executive Drive, Suite 710
San Diego, CA 92121
(619) 344-0870
www.cbcsocalgroup.com

14. CA - San Mateo County
CA - Southwest Riverside County
DEMOGRAPHICS
CBSA
San
FranciscoOaklandFremont, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,473
4,347,767
1,661,661
80,439
1,916,201
5.60%
MARKET HIGHLIGHTS
CBSA
RiversideSan
BernardinoOntario, CA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
27,260
4,171,856
1,350,253
$52,845
1,156,307
8.70%
MARKET HIGHLIGHTS
• This year was the strongest growth year in the Industrial
• Several Medical Office buildings have come on the market due
• The current average asking rent for Industrial space is down
• Delivery has resumed on the Truax Building, the only
market as over 1.2 million SF of space was absorbed with a
huge deal with FedEx.
to the recent completion of the Temecula Valley Hospital at
the end of 2013.
over 12% from one year ago.
professional Office building currently under construction
in Southwest Riverside County. It is a four story, 64,891 SF
Class A project in Old Town Temecula with a new anticipated
delivery date of April 1, 2014.
• Cornerstone Real Estate buys 179,902 SF at 777 Mariners
Island Blvd. in Foster City.
• Monster Cable renews 153,200 SF space in Brisbane.
• Invesco Real Estate buys 462,316 SF in South San Francisco.
• The amount of construction of Retail product is up over Q3
with 59,294 SF currently under construction throughout the
South West Riverside County Market.
• Industrial market continues to steadily increase in lease and
sales transactions.
• The unemployment rate has dropped to 8.7%, down from
11.1% from the previous year.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
p
p
q
p
Vacancy
q
q
q
p
Absorption
q
q
p
q
Absorption
p
q
p
q
Rental Rates
p
p
p
p
Rental Rates
p
p
p
q
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Westbay Real Estate Group
1575 Bayshore Hwy. Suite 100
Burlingame, CA 94010
(650) 344-4300
www.cbcburlingame.com
Coldwell Banker Commercial
Sudweeks Group
14
27708 Jefferson Ave. Suite 201
Temecula, CA 92590
(951) 200-7683
www.cbcsocalgroup.com

15. CA - West Los Angeles
CO - Denver
DEMOGRAPHICS
CBSA
Los AngelesLong BeachSanta Ana, CA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,850
12,935,173
4,288,080
$60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
• Iconic Century Plaza Towers development in Century City is on
the market for sale.
• Vacancies are trending down; 160,000 SF lease was signed in
CBSA
DenverAurora, CO
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
8,369
2,578,383
1,001,550
67,727
1,140,976
5.80%
MARKET HIGHLIGHTS
• Year-to-date absorption arrived at 2,113,335 SF while vacancy
decreased to 11.4%; this despite deliveries of 980,000 SF of
new product. Rental rates increased in the CBD, NW, and SES
submarkets between 8 and 12%.
• The largest lease signings of 2013 included: the 485,000 SF
West LA on a new development with Riot Games.
lease signed by DigitalGlobe at 1300 W 120th Ave in the North
Denver market; the 280,000 SF lease signed by Starz, LLC at
the Starz Encore building in the Southeast Denver market.
• There is some construction activity in Downtown LA,
Hollywood and Playa Vista submarkets.
• Apartments are in high demand.
• There is a high demand and low supply of available assets for
• The 2013 Office investment market held steady with 2012’s
• With no NFL team in #2 market in the country, multiple
• At the newly renovated building owned by Brookfield
performance. There were 120 total transactions with a sales
volume of $2,092,712,239 as compared to the $1,932,333,338
covering 97 transactions in 2012.
sale.
developers/investors are trying to bring NFL to their
respective projects.
Properties, 1801 California, 3 new leases with energy
companies were signed resulting in a net absorption for the
property of nearly 100,000 SF.
• Looking over the horizon at Denver’s CBD and the Denver
market in general, the future looks very bright. Fueled
by continued expansion of energy services, telecom, and
technology, factors coupled with the perceived quality of life
are driving Denver’s commercial real estate.
• The Union Station transit center and DIA’s South Terminal
Redevelopment Program represented one of Denver’s most
profound and strategic civic investments in a generation. In its
entirety, the project carries a price tag of about $2.6 billion.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
n
n
n
Vacancy
q
q
q
q
Absorption
n
p
n
n
Absorption
p
q
q
p
Rental Rates
p
n
p
p
Rental Rates
p
n
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
WESTMAC
1515 S. Sepulveda Blvd.
Los Angeles, CA 90025
(310) 478-7700
www.westmac.com
Coldwell Banker Commercial
Alliance
15
999 18th Street, Suite 1350
Denver, CO 80202
(303) 238-7777
www.cbcalliance.com

16. CO - Denver County
CO - Western
DEMOGRAPHICS
CBSA
DenverAurora, CO
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
8,369
2,578,383
1,001,550
67,727
1,140,976
5.80%
MARKET HIGHLIGHTS
CBSA
Grand
Junction, CO
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
3,328
148,298
60,317
$47,409
54,564
6.90%
MARKET HIGHLIGHTS
• There are big growth opportunities in Denver.
• Vacancy is decreasing because the economy is progressing.
• Fitzsimons project (new CU Medical center) has increased the
• Western Colorado continues to have slow recovery as the
• Due to the lack of inventory in the Residential market,
• Vacancy rates, in general, are steady because new, small
• Rents are increasing in all markets.
• Denver has highly educated individuals who bring companies
• New construction includes: a 87,000 SF Medical facility;
energy related business is volatile. Growth areas continue to
be Medical and Retail. Medical Center began the next phase
of construction which will be a $40M economic impact to the
region.
value and potential of that area.
businesses are getting started in the market and owners are
price conscious.
investors are looking into Commercial properties
an ew
17,000 SF pain management and ambulatory surgery center
that opened Q3 and redevelopment of a 47,280 SF family fun
center.
to this city.
• Residential market is up slightly with increased transactions
and increased average sale price.
• Energy related business remains volatile making for a low
absorption rate for Industrial properties.
• Number of building permits are down significantly from 2012
for the total MSA including unincorporated Mesa County.
2013, 3,333 total new building permits were issued; in 2012
there were 5,186 permits issued, down 64%.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
n
q
Vacancy
p
q
p
p
Absorption
p
p
n
p
Absorption
n
p
q
q
Rental Rates
p
p
n
p
Rental Rates
q
n
q
q
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
NRT
8490 E Crescent Pkwy
Greenwood Village, CO 80111
(303) 843-1600
www.cbcworldwide.com
Coldwell Banker Commercial
Prime Properties, LLC
16
2646 Patterson Rd., Suite B
Grand Junction, CO 81506
(970) 243-7375
www.grandjunctioncommercial.com

17. CT - Western
FL - Brevard County
DEMOGRAPHICS
CBSA
BridgeportStamfordNorwalk, CT
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
626
904,874
336,733
$91,039
419,437
6.30%
MARKET HIGHLIGHTS
CBSA
Palm BayMelbourneTitusville, FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,018
536,805
225,977
$56,299
181,926
6.50%
MARKET HIGHLIGHTS
• Fairfield County’s Office market ended Q4 2013 with a vacancy
• Missouri-based Bass Pro Shop opened its first Brevard store
rate of 15.3%. The vacancy rate was up over the previous Qtr.,
with net absorption totaling negative (51,256) SF in Q4. That
compares to negative (20,283) SF in Q3, negative (115,900) SF
Q2 and a positive 36,274 SF Q1 2013.
in Palm Bay in December 2013, adding 200 jobs to the area.
The company purchased and renovated a 12.34-acre, 110,658
SF Retail building.
• Embraer Aircraft will add 600 jobs for a new 250,000 SF
• Fairfield County’s vacant office sublease space decreased in
luxury jet facility at Melbourne Int’l Airport, and another
200 will be employed at the company’s Engineering and
Technology Center in late 2014, bringing the total to over
1,000 employees.
Q4, ending the qtr at 542,165 SF, from 814,274 SF at the end of
Q3 2013. There was 841,779 SF vacant at the end of Q2 2013
and 841,466 SF at the end of Q12013. There was 173,403 SF
still under construction at year end.
• Northrop Grumman’s new manned-aircraft engineering
• Rental rates ended Q4 at $33.73, an increase over the
center in Melbourne will bring 1,000 new jobs to the Space
Coast.
previous Qtr. There was 173,403 SF still under construction at
the end of the Qtr.
• Brevard’s Dec. 2013 Residential market average sale price is
• Among significant movements in 2013 were: Financial
$151,149. It is up over 11% over Dec. 2012 prices, and the Dec
2013 average days on the market of 66 has dropped 20% over
Dec 2012.
Accounting Standards Board 70,936 SF at Merit 7, Sale of
Hubbell world Headquarters to the University of New Haven
70,000 SF, Boehringer Pharmaceutical 327,000 SF at Matrix
Center Danbury, Connecticut.
• Foreign Trade Zone 136 has a superior infrastructure for
national/international trade including the second busiest port
in the world, a freight railway system and major interstate
highways.
• The largest construction project underway is a 167,691 SF
building for Cervalis LLC with 100% preleased.
• The average quoted asking rate is $33.73.
• “Space Coast” Brevard offers pro-business incentives, low
taxes, robust transportation infrastructure, high-tech labor
force, 73 degree average temp, and 72 miles of pristine beach.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
p
p
n
N/A
Vacancy
p
q
n
q
Absorption
q
p
q
N/A
Absorption
q
p
p
p
Rental Rates
n
p
p
N/A
Rental Rates
p
q
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
NRT
77 Old Ridgefield Rd.
Wilton, CT 06897
(203) 831-4187
www.cbcworldwide.com
Coldwell Banker Commercial
Sun Land Realty of Florida
17
1920 Hwy A1A
Indian Harbour Beach, FL 32937
(321) 777-7743 / (800) 940-1480
www.cbcsunlandrealty.com

18. FL - Daytona Beach/Ormond Beach
FL - Florida Keys
DEMOGRAPHICS
CBSA
Deltona
Daytona
Ormond
Beach, FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,103
495,625
214,567
$47,500
146,482
6.00%
MARKET HIGHLIGHTS
• Daytona Beach Shores Oceanfront 210-room resort sold for
$39.5 million or $188,095 per door.
• Hilton Garden Inn flags 110-room ocean front hotel with over
$5 million of improvements.
CBSA
Key West, FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
997
73,047
32,553
$71,455
29,685
6.40%
MARKET HIGHLIGHTS
• Hospitality continues to lead the way with monumental sales
of hotels up and down the Florida Keys reaching new heights
based on some of the highest Occupancy, Rev Par and ADR’s in
the U.S. These trends are fully expected to continue because
of the existing moratoriums on new transient units.
• Beachside shopping center sells for $21 million as activity
• Commercial vacancies are low because of inherent limits on
• One Daytona, Jacoby Group and International Speedway
• Over 500 new hotel units are planned and under construction
new commercial development which have been in place since
the mid 1980’s. Occupancy rates are high for similar reasons.
begins on beachside.
Corp. are well underway with the permitting of 1.1 million
SF of Mixed-Use Retail and entertainment center with the
announcement of Bass Pro Shops, Cobb Theatres and many
others.
in the Middle Keys while nearly that many are being built and
renovated in Key West. Hyatt and Marriott are adding new
units to the marketplace.
• Residential sales increased by over 15% while listing
• Resort bed tax continues to climb, and boarding capacity at
inventories declined by over 10%, and average sales
prices increased by 6% in 2013. Going forward, the impact
of distressed sales will continue to decline as they only
represent about 5% of the market.
Daytona Beach International Airport continues to increase
with larger seating capacity planes.
• Embry-Riddle Aeronautical University in Dayton Beach installs
largest university research telescope in the state of Florida.
• The market has clearly changed to a sellers market. Sales
price to list price ratios are growing at the same time that
prices are rising. Prices are expected to grow at a faster pace
in 2014 than they did in 2013 for all sectors.
• The Florida Keys enjoy the lowest unemployment rate in
Florida and the nation. Strict limits on development create
significant barriers to new Commercial and Residential
development.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
q
q
q
q
Rental Rates
n
n
n
n
Rental Rates
p
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Benchmark
570 Memorial Circle Suite 300
Ormond Beach, FL 32174
(386) 672-8530
www.benchmarkdaytona.com
Coldwell Banker Commercial
Schmitt Real Estate Company
18
11100 Overseas Hwy.
Marathon, FL 33050
(305) 743-5181
www.cbcworldwide.com

19. FL - Gainesville
FL - Jacksonville
DEMOGRAPHICS
CBSA
Gainesville,
FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,223
261,674
113,545
$45,060
87,322
5.70%
MARKET HIGHLIGHTS
CBSA
Jacksonville,
FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
3,221
1,334,380
518,910
$60,216
551,254
5.60%
MARKET HIGHLIGHTS
• Retail leasing under 2,000 SF accounted for 60% of Retail
• There are three large signature Office buildings currently on
transactions, and those under 1,000 SF and priced right are
very hot. Retail sales were few and far between.
the market for investors in Downtown Jacksonville: 30-story
EverBank Center, 37-story Wells Fargo Center, and 42-story
Bank of America Tower.
• Office leasing under 3,000 SF accounted for 78% of Office
• One of the largest Retail transactions that occurred within the
leases with the 1,000-2,000 SF range leading the charge.
Office sales picked up considerably with over 50% of all deals
in the 1,000-2,000 SF range.
last four Qtrs in the Jacksonville market is the sale of Markets
at Town Center in Jacksonville. This 330,518 SF Retail center
sold for $135,007,000, or $408.47 per SF, at a 6.14% cap rate.
• Industrial leasing from 1,000-3,000 SF accounted for 59%
• One of the largest Industrial transactions that occurred within
of all Industrial leases with high activity in the 7,000-10,000
SF range. Industrial sales are still very slow but light years
better than 2012.
the last four Qtrs in the Jacksonville Riverside market is the
sale of Winn Dixie Warehouse in Jacksonville. This 1,214,572
SF building sold for $99,768,414, or $82.14 per SF, at a 7.00%
cap rate.
• Agriculture, farm, and timberland sales have picked up
greatly, with sales under 50 acres accounting for 74% of all
Land sales.
• Multi-Family Sale in Jacksonville:
1401 Riverplace LLC paid
American Land Ventures $53.3 million ($180,678 per unit)
for The Strand, a 295-unit, Class A, 28-story high-rise in the
Southside market area at a 5.6% cap rate.
• The Multi-Family market has recovered nicely but few sales
occur over 50 units. Over 60% of the Multi-Family sales in the
market are duplexes and quadriplexes.
• Two natural gas companies will form a joint venture to
• Median days on the market. Times for each asset class are
develop a new liquefied natural gas plant in Jacksonville for
TOTE Inc., the parent company of Sea Star Line. TOTE has
issued a contract in excess of $350 million to build the world’s
first LNG-powered container ships.
still rough: Industrial lease - 201 days; Industrial sales - 209
days; Retail lease - 593 days; Office lease - 298 days; Office
sales - 140 days; Land - 431 days.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
n
Vacancy
p
q
n
q
Absorption
p
p
p
n
Absorption
q
p
q
p
Rental Rates
n
n
p
n
Rental Rates
p
q
q
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
M.M. Parrish Realtors
7515 W. University Ave. Suite 201
Gainesville, FL 32607
(352) 264-3772
www.mmparrish.com/commercial
Coldwell Banker Commercial
Benchmark
19
4348 Southpoint Blvd., Suite 310
Jacksonville, FL 32216
(904) 281-1990
www.cbcbenchmark.com

20. FL - Lakeland/Winter Haven MSA
FL - Melbourne/Palm Bay/Titusville
DEMOGRAPHICS
CBSA
Lakeland
Winter
Haven, FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,010
612,074
230,314
$41,582
248,100
6.80%
MARKET HIGHLIGHTS
CBSA
Palm BayMelbourneTitusville, FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,018
536,805
225,977
$56,299
181,926
6.50%
MARKET HIGHLIGHTS
• 1 M SF Amazon Warehouse is under construction on 112 acres
• Northrop Grumman 200,000 SF Aircraft Design Center is
located on County Line RD south of I-4.
under construction at Melbourne International Airport,
bringing over 1,000 new high paying jobs.
• LEGOLand Florida starts construction on 152 room themed
• Retail, Office and Industrial vacancies have dropped due to
hotel. New restaurants nearby include Golden Corral, Taco
Bell, and McDonalds.
increase of jobs and new companies relocating to Brevard
County.
• NE Polk growth (I-4/US Hwy 27) continues; Polk County Tax
• Port Canaveral is constructing new terminals to handle the
Collector regional office is under construction. Ernie Caldwell
Boulevard extension is underway. WaWa is planning to build a
new store.
new mega 5,000 plus passenger ships.
• Residential market is up over 24% from last year.
DR. Horton
broke ground on a new 1,200 unit subdivision in Palm Bay.
• Residential market is improving; time on market is down to
110 days, prices are up over 15%. New construction SFR is up
nearly 40%
• Brevard Community College has become a 4 year state
college. Florida Institute of Technology continues to grow at a
rapid pace and is now ranked as one of the best universities in
the US.
• Lakeland CBD Office occupancy is up, but rents are still flat.
Warehouse occupancy is strong and new spec buildings are
being planned.
• The next generation of space exploration is being developed
• Polk still lags Florida and nation in job growth. Nov 2013
at the Space Center programs such as ORION deep space
exploration. New space development companies continue to
absorb NASA work force.
employment is 8%, which is below the peak in 2007. County is
planning more economic incentives to attract new business.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
p
p
p
p
Rental Rates
n
q
n
p
Rental Rates
n
p
n
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Saunders Ralston Dantzler Realty
114 N Tennessee Ave. 3rd Floor
Lakeland, FL 33801
(863) 877-2828
www.srdcommercial.com
Coldwell Banker Commercial
Paradise
20
232 Fifth Ave.
Indialantic, FL 32903
(321) 723-9500
cbc.flcoldwellbanker.com

21. FL - Miami-Dade County
FL - Naples/Ft. Myers
DEMOGRAPHICS
CBSA
Miami-Fort
LauderdalePompano
Beach, FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
5,126
5,566,404
2,128,471
57,415
2,069,525
6.00%
MARKET HIGHLIGHTS
CBSA
NaplesMarco Island,
FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,025
320,101
132,487
$76,515
115,960
5.40%
MARKET HIGHLIGHTS
• Vacancy rates are down; absorption and rental rates are up in
• Hertz Rental Cars World headquarters is moving to SW
• Brickell City Center, with an estimated cost of $1.05 billion
• Vacancy is falling because business is getting much better and
every category.
Florida.
and 5.4 million SF, is under construction.
there has been almost no new construction in the last 5 or 6
years.
• Port of Miami dredging for Post-Panamex ships is nearing
• A high percentage of purchasing is being done by foreign all-
• The market is just now showing some signs of life.
• The Residential market is rebounding, and new construction is
• 118 condo towers have been proposed in the Miami area,
• Residential construction is way up, and Commercial is just
• Whole Foods is under construction in the CBD, a sign of
• Naples is the place to buy or lease. The market is near the
completion.
cash investors.
well under way.
including 35 under construction.
starting to move up.
Downtown revitalization.
OFFICE
retail
industrial
Vacancy
q
q
q
q
Absorption
p
p
p
Rental Rates
p
p
p
bottom of the worse depression ever but is starting to bounce
back.
OFFICE
retail
industrial
Vacancy
q
q
q
N/A
p
Absorption
p
p
p
N/A
p
Rental Rates
n
n
p
N/A
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Alliance
801 Brickell Ave.
Miami, FL 33131
(305) 632-0200
www.cbcalliance.com
Coldwell Banker Commercial
NRT
21
4851 North Tamiami Trail
Naples, FL 34103
(239) 216-4949
www.cbcworldwide.com

22. FL - Orange City/Debary
FL - Orlando MSA
DEMOGRAPHICS
CBSA
Deltona
Daytona
Ormond
Beach, FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,103
495,625
214,567
$47,500
146,482
6.00%
MARKET HIGHLIGHTS
CBSA
OrlandoKissimmee,
FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
3,491
2,093,845
799,047
$53,425
956,766
5.50%
MARKET HIGHLIGHTS
• Florida Hospital Fish Memorial to build a two-story outcare
• Orlando is ranked #1 Commercial market in U.S. The CBC
patient center in Deltona.
market comparison report showed Orlando as the only market
to rank among the top 10 in the percent change of vacancy and
rental rates in each sector. It also is the only market to rank
among the top 10 in population and employment growth.
• ManpowerGroup just released its Employment Outlook survey
stating that the No. 1 spot for companies looking to hire in Q1
2014 is the Deltona, FL metropolitan region, which includes
Daytona Beach and Ormond Beach on the state’s east coast.
• Orlando remains #1 tourist destination with a record 56
million visitors in 2013 generating $50 billion in economic
impact.
• Commercial construction building permits exceeded
$242,000,000 in Volusia County for 2014, the most since 2008.
• Lake Nona “Medical City” is expected to create 30,000 jobs
• New home permits rose the most since 2007 in Volusia County
and $7.6 billion in economic impact by 2017.
to an amount of $325,000,000.
• Orlando International Airport is preparing for a $1.1 billion
• Volusia County is transforming from a bedroom community to
expansion to host 45 million visitors by 2020.
a thriving region attracting new business.
• SunRail will begin service this year, running 61 miles from
• AARP named Volusia County as one of the top ten places to
Volusia County to Osceola County.
retire.
• Dr. Phillips Center for the Performing Arts opens this fall as
does a new 18,000 seat soccer stadium that will be home to
Orlando’s new MLS franchise.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
n
q
q
Vacancy
q
q
q
q
Absorption
p
n
p
p
Absorption
p
p
p
p
Rental Rates
n
n
p
p
Rental Rates
p
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
AI Group
1019 Town Center Dr. Suite 200
Orange City, FL 32763
(386) 775-8633
www.cbcaigroup.com
Coldwell Banker Commercial
NRT
22
901 N Lake Destiny Dr., Suite 110
Maitland, FL 32751
(407) 539-1000
www.cbcworldwide.com

23. FL - Port Orange/New Smyrna Beach
FL - Port St Lucie
DEMOGRAPHICS
CBSA
Deltona
Daytona
Ormond
Beach, FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,103
495,625
214,567
47,500
146,482
6.00%
MARKET HIGHLIGHTS
CBSA
Miami-Fort
LauderdalePompano
Beach, FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
5,126
5,566,404
2,128,471
$57,415
2,069,525
6.00%
MARKET HIGHLIGHTS
• The City of Port Orange saw significant growth over 2013, with
• The Palm Beach Office market vacancy rate declined to 23.2%.
Bj’s, Starbucks, Chipolte, and LA Fitness, which is now going
vertical. Out-parcels of established shopping centers are now
beginning to develop as well.
Retail also declined by 3.7%.
• The area is seeing an increase in service related businesses
dollar investment by LIV Development out of Birmingham AL.
with the housing recovery along with more manufacturing
companies relocated and expanding. Conditions are expected
to continue to improve.
• The Intersection of Reed Canal and Clyde Morris has begun to
• Largest leases were signed in Boca Raton by Tyco Integrated
• New Smyrna continues to see development, both Downtown
• The Retail market was strong in Q4 2013 with positive 798,552
• Vacancies in Downtown Daytona Beach are down, with a slew
• Buyers are keeping a close eye on interest rates, and it soon
• Manufacturing businesses have even shined some light on the
• Palm Beach Outlet Mall had a grand opening in Feb. 2014. It
• The White Palms apartment is well underway, a $30 Million
develop, with 7-Eleven taking the corner, and further Outparcels being planned.
Security for 72,235 SF and Boston Proper/Chicos for 65,000
SF.
and SR-44/I-95. Seeing a direct benefit from the City’s
expedited development permitting.
SF absorbed, in comparison to negative (829,769) SF in Q3
2013.
of new shops, a microbrewery, and The Hub.
may be affecting offerings on multifamily investments.
New Smyrna Beach Airport.
OFFICE
retail
industrial
Vacancy
q
q
q
q
Absorption
p
p
p
Rental Rates
n
n
n
was a re-development featuring 80-100 outlet stores.
OFFICE
retail
industrial
Vacancy
q
q
q
q
p
Absorption
p
p
p
p
n
Rental Rates
n
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Coast Realty
5535 S Williamson Blvd. Suite 724
Port Orange, FL 32128
(386) 763-3323
www.cbccr.com
Coldwell Banker Commercial
NRT
23
1800 NW Corporate Blvd. Suite 100
Boca Raton, FL 33431
(561) 479-5963
www.cbcworldwide.com

24. FL - St Lucie County
FL - Sarasota/Manatee/Charlotte
DEMOGRAPHICS
CBSA
Port St. Lucie,
FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,128
407,361
169,340
$53,266
117,662
7.20%
MARKET HIGHLIGHTS
CBSA
SarasotaBradentonVenice, FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,313
689,676
311,173
$58,236
230,801
5.70%
MARKET HIGHLIGHTS
• South Florida Investors are coming back strong to the area!
• Southern St. Lucie County is poised for the next boom. Major
• Matter Brothers Furniture Store has purchased 100,000 SF in
the Parker Hannifan Building at 4675 Clark Rd. This building
had been on the market for seven years, and Coldwell Banker
NRT agents Jon Kleiber and Terry Eastman handled the
transaction.
infrastructure is in place.
• Residential construction is rebounding.
increasing 10 - 15% per year.
Home prices are
• Industrial sales have increased dramatically.
• Private funds are the most prominent buyers of commercial
• Land investors are back in the market, especially for
Residential parcels.
real estate.
• There is huge interest in the few remaining Oceanfront High
• Overall vacancy rates have decreased.
• The I-75 corridor has the lowest vacancies for all types of
Rise sites.
• Loss of Digital Domain Film Studio was a set back for Port St.
commercial real estate.
Lucie. However, the new Bass Pro Shop is doing very well.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
q
q
p
Vacancy
q
q
q
q
Absorption
n
p
p
p
Absorption
p
p
p
p
Rental Rates
n
n
n
n
Rental Rates
n
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Paradise Hoyt Murphy, Realtors
411 N. U.S. Hwy. 1
Fort Pierce, FL 34950
(772) 461-3250
cbc.flcoldwellbanker.com
Coldwell Banker Commercial
NRT
24
1800 2nd St., Suite 104
Sarasota, FL 34236
(941) 925-8586
www.cbcworldwide.com

25. FL - South Florida
FL - Southeast
DEMOGRAPHICS
CBSA
Miami-Fort
LauderdalePompano
Beach, FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
5,126
5,566,404
2,128,471
$57,415
2,069,525
6.00%
MARKET HIGHLIGHTS
CBSA
Miami-Fort
LauderdalePompano
Beach, FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
5,126
5,566,404
2,128,471
57,415
2,069,525
6.00%
MARKET HIGHLIGHTS
• Multi-Family prices appear to be peaking.
• Tradition Center for Innovation has blossomed at Exit 118
This is the most
sought after market in the State of Florida.
of I-95 in St Lucie West. Martin Memorial’s newest medical
center is open for business. Other occupants of the Center
are Torrey Pines Institute for Molecular Studies and Vaccine
and Gene Therapy Institute.
• Retail activity is thriving, as Walmart, Whole Foods, Trader
Joe’s and Lord & Taylor open stores in south Florida.
• Industrial sales activity is up. Cap rates have been lower, and
• CenterStar Development from NJ purchased 15 acres in
price per SF has averaged $63.00.
St Lucie West last year and is expecting their first building
permits next month.
• Palm Beach County Office market vacancy rate declined to
• The market is currently in the preleasing stage for a 20,000
23.2%. Average direct lease rate remained stable at $17.00
per SF. There are no new Office projects underway in Palm
Beach County.
SF office building. The developers are planning 10,000 SF
of small retail service units, including a restaurant and a
community theatre. Larger office buildings and 350 upscale
apartments shall follow in 2015.
• Largest Office leases were signed in Boca Raton by Tyco
Integrated Security for 72,235 and Boston Proper/Chicos for
65,000 SF.
• Several builders are showcasing new communities in the town
of Tradition. Buyers have begun to seek out Office and Retail
locations to begin new businesses. Rents are still much lower
than 2005, but inventory is dwindling. The market had nearly
500,000 SF of vacant flex space in St Lucie Westand absorbed.
Some of the new buildings went to foreclosure, and new
owners are offering space at approximately half of former
rents.
• Vacancy rates are falling in Retail, Office and Warehouse.
• Gatlin Blvd will be the most heavily travelled road in Port St
Lucie by 2020.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
q
N/A
Absorption
p
p
p
p
Absorption
N/A
N/A
N/A
N/A
Rental Rates
p
p
p
p
Rental Rates
N/A
N/A
N/A
N/A
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
NRT
1800 NW Corporate Blvd. Suite 100
Boca Raton, FL 33431
(561) 367-4111
www.cbcworldwide.com
Coldwell Banker Commercial
NRT
25
1973 SW Savage Blvd
Port St Lucie, FL 34953
(772) 359-3242
www.cbcworldwide.com

26. FL - Tallahassee
FL - Tampa Bay
DEMOGRAPHICS
CBSA
Tallahassee,
FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,387
361,765
154,494
$47,364
111,973
5.30%
MARKET HIGHLIGHTS
CBSA
Tampa- St.
PetersburgClearwater,
FL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,554
2,757,566
1,166,605
$49,596
1,059,081
5.90%
MARKET HIGHLIGHTS
• Four major new tenants opened stores in Q4 of 2013: Whole
• Amazon.com selected two sites in the Tampa Bay area for
Foods, Trader Joes, Dick’s Sporting Goods and Bass Pro
Shops.
large fulfillment centers. Combined, they are expected to
employ 1,400 permanent employees and considerably more
during peak times.
• Vacancy rates are decreasing in all asset classes except the
• The Tampa Bay economy continues to expand, and both
Office market.
Hillsborough and Pinellas counties saw their jobless rates fall
to 5.7 percent at the end of 2013, two full points less than 12
months prior.
• New construction is still brisk in student Multi-Family.
• Tallahassee Memorial hospital completed a new Emergency
• Copa Airlines began the first-ever direct flights to Latin
Center in NE Tallahassee.
America (Panama City, Panama) from Tampa International
Airport. The move opens doors for increased business
opportunities throughout Central and South America.
• Residential sales were up 24% in 2013.
Average sale price
improved over 2012 from $188,619 to $193,198 in 2013.
• Sales of commercial buildings were up considerably in
• Tampa-based HealthPlan Services, a leading administrative
2013. Construction of Cascades Park is well underway near
downtown.
services provider, plans to create up to 1,023 new jobs by 2018
and will develop a 96,689 SF facility in eastern Hillsborough
County.
• The Tallahassee MSA unemployment rate is now down to
5.3%.
• Bristol-Myers Squibb will open a 70,000 SF North American
Capability Center in Hillsborough County in 2014, creating up
to 579 jobs and $21.2 million in capital investment.
• The broad base of job growth is quite promising, including key
sectors like Construction and Hospitality. Pinellas County had
another record-setting year for tourism. Clearly, the local
economy has gained its footing.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
q
q
p
Vacancy
q
q
q
q
Absorption
n
p
p
n
Absorption
p
p
p
p
Rental Rates
n
p
n
q
Rental Rates
p
p
n
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Hartung & Noblin, Inc.
3303 Thomasville Rd.
Tallahassee, FL 32308
(850) 386-6160
www.cbcworldwide.com
Coldwell Banker Commercial
NRT
26
5010 W Kennedy Blvd., 2nd FL
Tampa, FL 33609
(813) 286-2964
www.cbcworldwide.com

27. FL - Vero Beach
GA - Athens
DEMOGRAPHICS
CBSA
SebastianVero Beach,
FL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
503
135,534
59,807
62,271
43,595
7.10%
MARKET HIGHLIGHTS
CBSA
AthensClarke
County, GA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,031
193,495
77,486
$40,278
60,760
5.20%
MARKET HIGHLIGHTS
• New Publix Center opened on Indian River Blvd and 53rd St.
• Most REO’s have been liquidated by lenders.
• Lots of activity in approved single family development sites.
• Office space is being absorbed by users.
• Unemployment rate is declining.
• Apartment vacancy is low.
OFFICE
retail
industrial
Vacancy
q
q
q
p
p
p
Rental Rates
n
n
q
Medical Office sector with several hundred thousand SF of
space being constructed or slated to be developed in the next
18 months.
• The 444,000 SF, $76 million Epps Bridge Centre is complete
and has just leased one of the few remaining spaces to Best
Buy as Oconee County continues to show incredible growth.
• On the north side of Athens, the 150,000 SF Kroger center is
expected to be complete late summer.
q
Absorption
• The Athens area is experiencing tremendous growth in the
OFFICE
retail
industrial
Vacancy
n
p
q
p
p
Absorption
n
q
p
q
p
Rental Rates
n
q
n
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Ed Schlitt, Realtors
1950 US Hwy 1
Vero Beach, FL 32960
(772) 567-1181
cbc.flcoldwellbanker.com
Coldwell Banker Commercial
Upchurch Realty
27
2405 W. Broad St. Suite 150
Athens, GA 30606
(706) 354-7870
www.upchurchrealtycommercial.com

28. GA - Atlanta MSA
GA - Atlanta, Greater MSA
DEMOGRAPHICS
CBSA
AtlantaSandy
SpringsMarietta, GA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
8,376
5,521,582
2,028,400
$60,590
2,223,339
6.80%
MARKET HIGHLIGHTS
CBSA
AtlantaSandy
SpringsMarietta, GA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
8,376
5,521,582
2,028,400
60,590
2,223,339
6.80%
MARKET HIGHLIGHTS
• In Q4 2013, State Farm Insurance occupied 476,692 SF of
• Atlanta Braves will get a new stadium for the 2017 season at
Office space in the N Fulton/Forsyth County Submarket.
the cost of $672 million. The location will be in suburbia Cobb
County (Cumberland Area) north of Atlanta.
• The Atlanta Office market ended Q4 2013 with a vacancy rate
• The Atlanta Apartment market has been slow except for
of 17.7%. This rate represents a decrease from the previous
Qtr rate of 18.2%.
the Vinings area and the high end communities inside the
Perimeter (Interstate 285).
• During Q4 2013, offices were constructed including Cox
• Largest Industrial lease in 2013 was 1,118,538 SF signed
Communications at 578,000 SF and Ponce City Market at
487,034 SF. Currently there is 2,002,654 SF of new Office
projects under construction (12 buildings), an increase from
this same time last year.
Home Depot in the south Atlanta market
by
• Atlanta’s Office vacancy decreased to 15.0%.
Cap rates are
lower in 2013, averaging 7.9%. 2012 averaged 8.68%. Activity
is strongest in the Atlanta sub-markets.
• At the close of Q4, an overall net absorption of 1,175,006 SF
was reported. Leasing activity was over 3.2 million SF for the
fourth Qtr, up from the previous Qtr.
• Atlanta Retail vacancy decreased to 9.2%
Total sales for 2013
were up and over a billion dollars. Cap rates are up to almost
9% from 8.5%.
• The current overall quoted Atlanta Office rental rate of $19.61
PSF represented a $0.24 PSF increase in rental rates from the
end of the previous Qtr, when rents were $19.37 PSF.
• Activity is up, and the area remains cautiously optimistic.
• The Atlanta 28-County Metropolitan Statistical Area currently
boasts a population of more than 5.5 million, making it the 9th
largest MSA in the US. It covers 8,376 square miles with 146
cities.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
p
p
p
p
Rental Rates
p
q
p
q
Rental Rates
p
q
p
q
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Metro Brokers
3575 Piedmont Rd NE Building 15
Suite 950
Atlanta, GA 30305
(678) 320-4800
www.cbcmetrobrokers.com
Coldwell Banker Commercial
NRT
28
37 Johnson Ferry Rd
Marietta, GA 30068
(404) 705-1590
www.cbcworldwide.com

29. GA - Macon, Bibb County
GA - Peachtree City
DEMOGRAPHICS
CBSA
Macon, GA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,725
232,119
89,721
$47,145
83,398
7.60%
MARKET HIGHLIGHTS
CBSA
AtlantaSandy
SpringsMarietta, GA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
8,376
5,521,582
2,028,400
60,590
2,223,339
6.80%
MARKET HIGHLIGHTS
• Georgia’s first Charter School is slated to move into the
• Industrial and Office markets remain relatively flat with little
former GE Monogram Retail Services Building with 300,000 SF
of space on 70 acres.
new development.
• Good professional Office space options are available with an
• As the exports increase at the Georgia Port, large
average of 14,300 SF in a primary office park.
manufacturing and distribution space is rapidly being
occupied to support the effort.
• Vacancy is flat or slightly rising with challenging economic
growth for small business segment.
• The Luce Heart Center addition to the Medical Center of
• World class Pinewood Studios opened in January 14 and will
central Georgia makes it the largest healing center in the
south.
fuel significant growth in the market.
• Overall, economic depression remains a drag on new
• The Robins Air Force Base near Macon is still growing its
development.
mission, and because of that, single family residential is on
the rise.
• Multi-Family development is the most visible new
development in the area with over one thousand units coming
on-line this spring.
• Macon Georgia is home to the “mound-builder” native Indians.
it is also home to the Allman Brothers Band.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
p
p
q
q
Vacancy
n
N/A
p
N/A
Absorption
q
q
p
p
Absorption
n
N/A
q
N/A
Rental Rates
q
q
p
p
Rental Rates
n
N/A
n
N/A
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Eberhardt and Barry
990 riverside drive
Macon, GA 31201
(478) 746-8171
www.coldwellbankercommercialeb.com
Coldwell Banker Commercial
Bullard
29
201 Prime Point
Peachtree City, GA 30269
(770) 632-1774
www.cbcbullard.net

30. GA - Savannah
HI - Honolulu
DEMOGRAPHICS
CBSA
Savannah, GA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,359
361,941
130,609
$55,567
129,296
6.70%
MARKET HIGHLIGHTS
CBSA
Honolulu, HI
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
600
910,677
311,782
$67,192
365,718
3.80%
MARKET HIGHLIGHTS
• Georgia Ports Authority (GPA) is the 4th largest container and
• Hawaii’s economy remains healthy with unemployment at
fastest growing U.S. container Port. GPA is the 2nd busiest
export facility in the U.S. achieving 8% growth in Fiscal Year
2014 and moving 14.36 Million tons of cargo, up from 13.3
Million tons over previous Fiscal Year.
3.8%.
• General Growth Properties broke ground on its Ala Moana
shopping center expansion, adding 340,000 GLA at a projected
cost of $573 million dollars.
• Nordic Cold Storage blasts into Savannah opening a $30M
• DeBartolo Development initiates its ground breaking blessing
facility; phase I employs 150 with phase II plans to mirror
existing infrastructure.
for its new $350 million dollar regional shopping center Ka
Makana Alii.
• Gulfstream Aerospace continues to announce growth in both
Savannah and Brunswick facilities. It presently has exceeded
the projected 2,500 employee increase, originally planned
over 5 years.
• Tourism welcomed 12 million visitors; direct spending
increased by $160M over the previous year. Three new
Hospitality sites broke ground in 2013 and are due to be
completed in Q1 2014.
• Ben Carter Properties and Tanger Outlets announced/
broke ground to develop 560,000 SF of high end Retail and
restaurants at the SW quadrant of I-95 and Pooler Parkway,
which also connects to I-16. Projected opening is Fall 2014.
The site can accommodate an additional 560,000 SF of stores
and restaurants.
• Health care services remain strong with 3 hospitals in area
and 2 of the largest ones announced expansion plans in 2013.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
N/A
q
q
q
Vacancy
q
q
q
n
Absorption
N/A
p
p
p
Absorption
p
p
p
n
Rental Rates
N/A
p
p
n
Rental Rates
p
p
p
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Platinum Partners
128 Habersham St.
Savannah, GA 31401
(888) 232-7120
www.cbcplatinum.com
Coldwell Banker Commercial
NRT
30
737 Bishop St. Suite 2000
Honolulu, HI 96813
(808) 526-0896
www.cbcpacific.com

31. ID - Kootenai County
IL - Bloomington/Normal
DEMOGRAPHICS
CBSA
Coeur
d’Alene, ID
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,245
140,628
53,154
50,618
49,226
6.70%
MARKET HIGHLIGHTS
CBSA
BloomingtonNormal, IL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,184
168,918
70,687
$59,825
69,980
7.10%
MARKET HIGHLIGHTS
• Spring Hill Suites by Marriott and a Winco completed
• Overall, markets were steady through 2013 in major sectors.
• Vacancy has fallen, but not dramatically. Rental rates remain
• Local housing market is up 15%.
• Retail: Upbeat through Q3 and Q4.
construction and opened in the spring of 2013.
Recovery with uncertainty is present.
stable, but with the amount of inventory, they will rise as
vacancy continues to decrease.
vacancy.
• There were pockets of new construction.
Most was in the
Medical Office sector or in very specific areas.
• Office: Strong start then activity leveled off, settling at 15%
vacancy.
• The Residential market showed significant improvements
• Industrial: Slow sector with few transactions and 20%
with higher median price, lowered days on market, and new
construction on the rise.
vacancy.
• There are few quality investment property opportunities.
• Investors and companies from primary markets and
Apartment vacancies up.
secondary markets are looking for higher returns, and the
market is seeing the return of investors.
OFFICE
retail
industrial
Vacancy
q
q
q
p
Absorption
N/A
N/A
N/A
Rental Rates
n
n
n
Rates are level, with 10%
OFFICE
retail
industrial
Vacancy
q
q
n
p
N/A
Absorption
p
p
n
q
q
Rental Rates
n
n
n
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Schneidmiller Realty
2000 Northwest Blvd. Suite 200
Coeur d’Alene, ID 83814
(208) 664-1461
www.cbcsr.com
Coldwell Banker Commercial
Heart of America Realtors
31
802 S. Eldorado Rd.
Bloomington, IL 61704
(309) 662-3377
www.cbhoacommercial.com

32. IL - Champaign/Urbana
IL - Chicagoland
DEMOGRAPHICS
CBSA
ChampaignUrbana, IL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,923
227,494
97,325
$47,851
80,156
8.30%
MARKET HIGHLIGHTS
CBSA
Chicago
Naperville
Joliet, ILIN- WI
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
7,212
9,617,804
3,484,370
$66,775
4,186,171
8.20%
MARKET HIGHLIGHTS
• Interest in Retail redevelopment along the South Neil Street
• The Chicago Office market continued to improve. There was
corridor is spurring new activity in several sites including the
17 acre Carriage Center site and the 10 acre WDWS site at
Neil & Windsor.
2.6 million SF of positive absorption in 2013, and the vacancy
rate dropped to 14.3%. Three of the largest leases signed
were Go Go, Inc. for 234,000 SF, Zebra Technologies for
233,000 SF and McDermott Will and Emery for 232,000 SF.
• Yahoo! has been granted incentives by the City of Champaign
• The vacancy rate for Industrial properties dropped to 8.7%
to lease a new office being built-to-suit in the University of
Illinois Research Park.
with over 14M SF of positive absorption. Retail had positive
absorption for the year; however, in the 4th Qtr absorption
was negative 3.5M SF. The negative absorption was due to
Dominick’s Foods closing in Chicago and vacating 4.5 M SF.
• Several new student housing developments are underway in
Campustown.
• The City of Champaign has granted incentives to a developer
• There was 2.3M SF of new Retail space built in 2013
to help renovate and back-fill one of the last remaining vacant
big box spaces.
with another 1.6M SF under construction. 840,000 SF of
Office space was built in 2013 with another 1.5M SF under
construction. 3.2M SF of Industrial space was built in 2013
with another 5M SF under construction.
• Work has begun at the University of Illinois’ State Farm
Center. The multi-phase project is expected to cost $160
million to upgrade the 50 year old sport and entertainment
venue.
• The residential market continues to improve. There is more
demand than there is supply of single family homes and prices
are rising. The Apartment market continues to be strong but
rents have leveled off due to a large supply of new product
having been delivered to the market.
• All commercial property types continue to show improvement.
There is more new construction to meet demand, property
values continue to increase and cap rates are decreasing for
most property types.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
q
n
q
Vacancy
q
q
q
n
Absorption
n
p
n
p
Absorption
p
p
p
n
Rental Rates
q
n
n
p
Rental Rates
p
p
p
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Devonshire Realty
201 W. Springfield 11th Floor
Champaign, IL 61820
(217) 352-7712
www.cbcdr.com
Coldwell Banker Commercial
NRT
32
2215 Sanders Rd.
Northbrook, IL 60062
(847) 313-6500
www.cbcnrtchicago.com

33. IL - DuPage County
IL - Tazewell County
DEMOGRAPHICS
CBSA
Chicago
Naperville
Joliet, ILIN- WI
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
7,212
9,617,804
3,484,370
$66,775
4,186,171
8.20%
MARKET HIGHLIGHTS
CBSA
Peoria, IL
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
2,470
377,630
153,377
60,133
157,932
9.20%
MARKET HIGHLIGHTS
• Data centers are pushing demand in urban corridors.
• Vacancy remains low for Multi-Family.
• Assisted Living Centers are making a comeback.
• New Luxury Apartments continue to break ground.
• Vacant Retail Centers are showing gains with new tenants.
• Restaurant that serve steak, seafood and craft beer are seeing
• Industrial and Distribution continues to be strong in the region
with the I-55/I-74 corridor providing ample shipping and
receiving traffic.
• As Industrial stays steady, independent Medical continues to
decline as individuals and small groups recede back into large
Hospital groups. Class A Office has experienced growth as
has Retail in both the downtown and north Peoria District.
• Monsanto Companies expanded a second location in Tazewell
County with a 100,000 SF facility built-to-suit. National
Retailers and Restaurant have signed heavily in the East
Peoria sector. Morton, IL is reviewing its first PUD, and Peoria
has landed several new national retailers.
the most growth.
• Residential inventory reduced and prices increased.
Forecasts for 2014 are positive.
• A Louisville Slugger 120,000 SF indoor baseball facility
proposed for North Peoria could bring a substantial amount
of business into the area, potentially catalyzing Retail and
Restaurant growth for the region.
• As the home of Caterpillar headquarters, alongside three
major hospitals and a fresh Warehouse district, the Central
Illinois market is well positioned for a strong rebound.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
n
q
q
q
Absorption
p
p
p
p
Absorption
q
q
q
q
Rental Rates
q
n
p
p
Rental Rates
n
n
p
p
multi-family
CONTACT
CONTACT
Coldwell Banker Commercial
NRT
1225 W. 22nd St. Suite 130
Oak Brook, IL 60523
(630) 954-4600
www.cbcnrtchicago.com
Coldwell Banker Commercial
Honig-Bell
33
113 N. Main St.
Morton, IL 61550
(309) 263-7400
www.cbchb.com
multi-family

34. IN - Indianapolis
KS - Garden City
DEMOGRAPHICS
CBSA
Indianapolis,
IN
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
3,863
1,755,394
690,844
$60,003
787,836
5.80%
MARKET HIGHLIGHTS
CBSA
Garden City,
KS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,302
42,609
13,697
$43,008
13,558
4.30%
MARKET HIGHLIGHTS
• Office vacancies decreased slightly through Q3 and Q4 of
• Shopping center construction is underway.
• This market is aggressive in all property sectors.
• More Apartment construction is needed.
• Available properties are low in number and need major
2013, down to 9.0%, with most of the occupancy growth in the
suburbs.
• The Industrial market saw the completion of 795,000 SF of
new space in the second half of 2013. The net absorption
rate increased to offset the new space and keep the overall
vacancy rate essentially unchanged at 6.8%.
development.
• The market is agricultural based and strong, along with
• The Retail sector is continuing to strengthen. Rental rates
having a strong Retail market
increased slightly while overall vacancy rates essentially were
unchanged at 7.4%.
• This market is the Retail and oil and gas center of Southwest
KS.
• Multi-Family continues its growth in central Indiana with
more than 2,600 units under construction. 1,900 units are
expected to come into the market in 2014, but vacancy rates
are not forecasted to be affected by the new supply. Downtown
vacancy rates are at a 12-year low of 3.5%.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
n
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
p
p
p
p
Rental Rates
p
p
n
p
Rental Rates
p
p
n
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Realty Services
8888 Keystone Crossing Suite 120
Indianapolis, IN 46240
(317) 249-9000
www.cbcrs.com
Coldwell Banker Commercial
The Real Estate Shoppe, Inc.
34
1135 College Dr. Suite E
Garden City, KS 67846
(620) 275-7421
www.cbcworldwide.com

35. KS - Kansas City Metro Area
KY - Louisville Metro
DEMOGRAPHICS
CBSA
Kansas City,
MO-KS
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
7,857
2,076,653
819,900
$60,301
914,989
5.40%
MARKET HIGHLIGHTS
CBSA
Louisville
Jefferson
County, KY-IN
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
4,135
1,263,217
506,857
$54,741
549,941
6.80%
MARKET HIGHLIGHTS
• Private employment is up with the highest growth of 7.15 in
• Louisville employment continues its upswing, driven by
Leisure and Hospitality.
investment (Ford: $1.2 billion; GE: $800 million) and jobs
created by UPS National Airhub, YUM! brands, medical
industry (Humana and University of Louisville Nucleus
Innovation Park) and Amazon.com. Forbes rates Louisville
housing extremely high for stability.
• 60% of the Retail growth for next year is expected to be for
restaurants.
• Apartment construction is expected to be the most since 2001.
• Several Retail projects have been slowed by the economy and
• Louisville Multi-Family remains strong, benefiting from
employment gains. Occupancy is high, and rents are up.
Investment interest is high, with demand exceeding supply in
desired product, whether A, B or C property, stable or valueadd. Cap rates are much higher than the west or east coast.
are not under construction.
• Cerner continues to be a major player in the Kansas City area
growth.
• Louisville Retail continues to recover as the national economy
• Residential projects are now returning to all areas of the
rebounds. In 2013, Cabela’s, Nordstrom Rack, H & M, and a
new Cinemark Theatre opened.
Metro.
• Louisville Industrial is leading the recovery with net
absorption of more than 2 million SF in 2013. Ecommerce
distribution, shipping of temperature-sensitive
pharmaceuticals, and supplying the two Ford plants have
helped drive vacancy below 6%. Developers are building spec
buildings.
• Louisville Office market has stabilized and has begun to
improve, but occupancy is uneven; for Class A, 9.3% in the
suburbs, and 14.7% downtown. Class B is 14.6% overall.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
q
q
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
p
p
p
p
Rental Rates
p
p
p
p
Rental Rates
p
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Fishman & Company
10985 Cody, Suite 220
Overland Park, KS 66210
(913) 782-9000
www.cbcfishman.com
Coldwell Banker Commercial
McMahan Co.
35
10600 Timberwood Circle Suite 7
Louisville, KY 40223
(502) 425-8800
www.cbcworldwide.com

36. KY - Paducah/McCracken County
KY - Southern
DEMOGRAPHICS
CBSA
Paducah,
KY-IL
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,057
98,841
42,059
45,006
48,915
8.10%
MARKET HIGHLIGHTS
CBSA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
848
121,646
50,840
$46,805
50,727
6.20%
Bowling
Green, KY
MARKET HIGHLIGHTS
• General Electric as Global Laser Enrichment have committed
• New Dick’s Sporting Goods, Kirkland’s and Pet Smart opening
to over $1 billion investment to create a state-of-the-art
Laser Enrichment Technology at the local DOE site, creating
thousands of construction jobs and hundreds of permanent
jobs.
adjacent to Home Depot and Meijer’s.
• German-based Bilstein Group to establish a production plant
in South Central Kentucky.
• Whitehall Industries is slated to develop an aluminum
• Hyatt Place opening new property in downtown Bowling
• Colorado based Tele Tech Holdings announced 450 jobs in
• National Corvette Museum $20,000,000 Dual Motor Sports
• Ohio River Triple Rail megasite was announced.
• Macco Organiques announced expansion into Paducah market
• Residential new construction is on the rise with thriving local
Green.
extrusion manufacturing company creating 150 jobs.
Track to open in August 2014.
new customer service call center.
economy.
• Residential sales are up which is causing prices to rise.
with pharmaceuticals
• Overall Retail and Office space are flat.
Industrial is active.
Multi-Family has activity with new construction.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
n
q
q
Vacancy
q
q
n
p
Absorption
n
n
p
p
Absorption
p
p
n
q
Rental Rates
q
p
n
q
Rental Rates
p
p
n
n
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Purchase Realty Group
3906 Hinkleville Rd.
Paducah, KY 42001
(270) 444-7444
www.cbcpaducah.com
Coldwell Banker Commercial
Legacy Real Estate Group
36
2435 Fitzgerald Industral Dr.
Suite 102
Bowling Green, KY 42104
(270) 781-3844
www.cbclegacy.com

37. LA - Acadiana
LA - New Orleans
DEMOGRAPHICS
CBSA
Lafayette, LA
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,010
264,966
101,487
$54,248
139,997
3.30%
MARKET HIGHLIGHTS
CBSA
New OrleansMetairieKenner, LA
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
3,153
1,230,886
469,474
$58,413
458,428
4.70%
MARKET HIGHLIGHTS
• The commercial real estate market ended 2013 much like it
• International Shipholding Corporation returning to New
began, on an upswing and another record setting year.
Orleans after relocating to Mobile, AL for eight years following
Hurricane Katrina.
• Industrial sector still leads the way with very little existing
• Mixed-Use developments in the New Orleans CBD are at a
inventory, and Industrial developments have more pre-sold
build projects. Builders are still confident with speculative
builds.
twenty year high and fueling an increase in rental rates and
occupancy rates in Multi-Family, Office and Retail segments of
Orleans Parish.
• Both existing Hospitality and Multi-Family are typically sold
• Mid-City Market, a regional grocery anchored shopping
prior to being exposed to the market. New developments
are being planned for 2014 with some currently under
construction.
center, opened late last year with more than 90% occupancy
and is located near the 424 bed teaching hospital currently
under construction.
• Retail and Office sectors have both remained stable and
• Residential inventory is experiencing the lowest supply in 15
continue to absorb existing inventory because of lack of new
product available.
years.
• Residential sales in 2013 were $100 million dollars above the
• Port is expanding closer to the mouth of the Mississippi River
• The market will continue to be driven by the oil and gas
• New Orleans International Airport is building a world class
previous record, and the market has not suffered from price
reductions during the previous 5 years.
with plans to provide expanded Bulk Cargo services further
downstream.
industry along with a strong medical base. The tourist
industry in South Louisiana has always been strong, and over
the years many of those visitors have chosen to live here
because of the quality of life.
OFFICE
retail
industrial
Vacancy
q
q
q
q
Absorption
p
p
p
Rental Rates
p
p
p
$826 Million terminal at the north end of its air field.
OFFICE
retail
industrial
Vacancy
q
n
q
q
p
Absorption
p
p
p
p
n
Rental Rates
n
n
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Pelican Real Estate
806 E St.Mary Blvd.
Lafayette, LA 70503
(337) 233-9541
www.cbcpelican.com
Coldwell Banker Commercial
TEC Realtors
37
701 Loyola Ave. Suite 401
New Orleans, LA 70150
(504) 566-1777
www.cbctec.com

38. ME - Midcoast
MN - Mankato
DEMOGRAPHICS
CBSA
Rockland, ME
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
366
40,753
23,744
$52,132
15,971
6.10%
MARKET HIGHLIGHTS
CBSA
MankatoNorth
Mankato, MN
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,205
93,650
39,391
$51,381
49,122
3.60%
MARKET HIGHLIGHTS
• Retail development is on the rise with the recent opening of a
• New construction for Multi-family developments continues to
• Vacancy rates for Retail and Industrial properties continue to
• Warehouse space is in high demand in the Industrial market.
• Mixed-Use space downtown has been redeveloped.
• There is a steady demand for student housing as university
Super Wal-Mart and Tractor Supply.
be strong.
be less than 2.5%.
• There are four medium Retail and Industrial projects being
planned for 2014.
enrollment increases.
• Residential sales of existing homes are up 3%.
• Expecting to see continued migration of businesses and
• National retailers continue to show interest in the area.
people into the area over the next year or two.
• Midcoast Maine continues to draw media attention due to the
nationally known festivals, lifestyle and oceanfront location.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
n
q
q
n
Vacancy
n
q
q
q
Absorption
n
p
p
p
Absorption
n
p
p
p
Rental Rates
q
n
p
p
Rental Rates
p
p
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
SoundVest Properties
147 Park St.
Rockland, ME 04841
(207) 596-7478
www.soundvest.com
Coldwell Banker Commercial
Fisher Group
38
1961 Premier Drive, Ste. 404
Mankato, MN 56001
(507) 625-4715
www.cbcfishergroup.com

39. MN - Minneapolis Metro
MS - Gulfport/Biloxi
DEMOGRAPHICS
CBSA
MinneapolisSt. PaulBloomington,
MN-WI
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
6,063
3,286,547
1,267,913
$71,301
1,695,892
4.30%
MARKET HIGHLIGHTS
CBSA
GulfportBiloxi, MS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,503
240,010
94,854
$53,669
86,844
6.90%
MARKET HIGHLIGHTS
• Downtown West: Mayo Clinic, Minnesota Timberwolves and
• New Minor League Baseball stadium broke ground.
• Expansion of many casinos.
• New Casinos have been approved.
• New Commercial construction is on the rise.
Minnesota Lynx announced partnership that will revive Block
E in downtown Minneapolis. Plans for a sports medicine and
practice facility will cover nearly half of $50 million needed to
revive the 213,000 SF Block E building in downtown.
• Downtown East: Wells Fargo & Co. signed an agreement to
purchase from developer Ryan Cos. a pair of 18-story Office
towers, totaling 1.1 million SF, as part of the planned $400
million Downtown East development near the new Vikings
stadium in Minneapolis.
• Apartment: Demand is high – Q4 2013 saw 1,315 Units
constructed, 1,003 Units absorbed - and rents continue to rise.
Vacancy rates across the metro fell slightly to 2.5 percent
from 2.7 percent last year.
• Investment: An affiliate of JP Morgan purchased 3 Industrial
Warehouse buildings totaling 470,000 SF in Shakopee and
Savage for $32.5 million.
• Office Renovation: TransWestern purchased 276,000 SF
Minnesota Center in Bloomington. Significant capital will be
invested to increase the property’s occupancy above 75%.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
n
Vacancy
n
q
q
n
Absorption
q
q
p
n
Absorption
n
p
p
n
Rental Rates
n
p
p
p
Rental Rates
n
n
n
n
multi-family
CONTACT
CONTACT
Coldwell Banker Commercial
Griffin Companies
1221 Nicollet Ave. S. Suite 300
Minneapolis, MN 55403
(612) 904-7833
www.cbcgriffin.com
Coldwell Banker Commercial
Alfonso Realty, LLC
39
625 Courthouse Rd.
Gulfport, MS 39507
(228) 596-4471
www.cbcworldwide.com
multi-family

40. MO - St. Joseph
NE - Lincoln
DEMOGRAPHICS
CBSA
St. Joseph,
MO-KS
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,661
127,090
51,821
$44,333
48,146
4.80%
MARKET HIGHLIGHTS
CBSA
Lincoln, NE
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
1,414
299,958
126,751
$55,280
142,514
3.10%
MARKET HIGHLIGHTS
• St. Joseph is located just 35 minutes north of the Kansas City
• The new arena is bringing concert goers and basketball fans
International Airport with access to I-29, a major north-south
Interstate Highway, providing a corridor between Mexico and
Canada and US Hwy 36, a major east-west route thru Northern
Missouri.
to downtown Lincoln.
• 42 new restaurants were opened in 2013.
• 46% of the new restaurants opened in 2013 were national
• This market is located in the heart of the Life Sciences
chains.
Industry with 5 of the major companies located here.
• Residential sector needs more development to keep up with
• Boehringer Ingelheim Vetmedica is still expanding and
growth demands.
building a 260,000 SF distribution center.
• Major intersections and areas are being redeveloped for
• The new Eastowne Business Park is complete and offering
higher paying tenants.
excellent Industrial building sites. A 50,000 SF shell building
was completed and is available for immediate occupancy.
• IBM purchased Kenexa, bolstering Lincoln’s employment.
• Rosecrans Memorial Airport, which serves civilian and
military needs, is located 3 miles west of the city. It boasts ILS
and GPS approach runways and provides capacity for any size
aircraft.
• St. Joseph is served by the Union Pacific Railway and the
Burlington Northern-Santa Fe Railway to provide direct
access to all parts of North America.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
q
N/A
Absorption
p
p
p
p
Absorption
p
p
p
N/A
Rental Rates
q
n
q
p
Rental Rates
p
n
n
N/A
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
General Properties
2700 N. Belt Hwy.
St. Joseph, MO 64506
(816) 364-2700
www.cbcstjoseph.com
Coldwell Banker Commercial
Thompson Realty Group
40
620 N 48th St. Suite 101
Lincoln, NE 68504
(402) 421-7700
www.cbcthompson.com

41. NV - Reno/Sparks MSA
NJ - Central New Jersey
DEMOGRAPHICS
CBSA
RenoSparks, NV
DEMOGRAPHICS
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
6,606
420,676
164,527
$61,308
208,488
8.40%
MARKET HIGHLIGHTS
CBSA
NY- Northern
NJ- Long
Island
Square
Miles
Population
Households
Household
Income
Median
Employees
(Total)
Unemployment
6,726
19,124,092
7,086,346
$65,253
7,711,074
6.60%
MARKET HIGHLIGHTS
• New Industrial 500,000 SF plus projects are underway in
• Valeant Pharmaceuticals International Inc. leased 310,000 SF
• Hobby Lobby, Cheesecake Factory, Floor & Décor, Chipotle
• The Office sector saw the vacancy rate drop almost a full
North Valleys and Tahoe Reno Industrial Center.
in Bridgewater.
and Raising Cain entered the market.
point in Central NJ. A major factor was pharma and medical
companies taking spaces.
• The majority of new construction is Retail ranging from 6,000
to 65,000.
• The Central NJ market is starting to see more activity.
There
are a lot of larger medical users entering into the market as
well as the return of the small start-up user.
OFFICE
retail
industrial
OFFICE
retail
industrial
Vacancy
q
q
q
q
Vacancy
q
q
q
p
Absorption
p
p
p
p
Absorption
p
p
q
q
Rental Rates
p
n
p
p
Rental Rates
q
n
p
p
multi-family
CONTACT
multi-family
CONTACT
Coldwell Banker Commercial
Clay & Associates, Inc
5011 Meadowood Circle Suite 301
Reno, NV 89502
(775) 829-5900
www.cbcreno.com
Coldwell Banker Commercial
Feist & Feist Realty Corp.
41
180 Mount Airy Rd., Suite 200
Basking Ridge, NJ 07920
(908) 696-1500
www.feistandfeist.com