Commercial Real Estate Stats 06/2009

According to the local Multiple Listing Service (MLS) the following statistics indicate the number of commercial properties sold in June this year as compaired to June last year decreased 45%, the price per square foot decreased 14% and the price per acre for land decreased 9%.

June 2009

• 5 improved properties sold. 3 retail/office 2 industrial
• Median price: $140 per sq. ft.

• 1 unimproved (land) property sold
• $294,030 per acre

June 2008

• 9 improved properties sold. 6 retail/office 3 industrial
• Median price: $163 per sq. ft.

• 2 inimproved properties sold
• Median price: $323,774

I'll continue to work on perfecting the analysis to make this monthly update as accurate as possible. If there is other data you would like to see reported please leave a comment and I'll send you a gift certificate (if you leave me a way to contact you).

Note: Mesa County has only updated their property sales through mid-April, if I can figure out a way to fill-in the data missing that is sold and leased outside of the MLS system, I'll include that in my monthly update.