2012 cbc market review: blue book

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The Blue Book highlights one of the strengths of the Coldwell Banker Commercial organization: our national footprint. The CBC organization’s strong local market coverage combined with our global reach helps our clients obtain real-time market information in order to make informed real estate decisions. The CBC® Blue Book offers a unique market perspective: Covering over 110 Primary, Secondary, Tertiary and International MarketsWritten by the CBC professionals within the local markets

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  • Blue BookColdwell Banker Commercial

    2012Market Review

    Check out the NEW MARKET SNAPSHOTS

    cbcworldwide.com

  • TABLE OF CONTENTS

    ABOUT THE CBC BLUE BOOK

    The 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, the Blue Book contains over 110 markets.

    The Blue Book highlights one of the strengths of the Coldwell Banker Commercial organization: our national footprint.

    The CBC organizations strong local market coverage combined with our global reach helps our clients obtain real-time market information in order to make informed real estate decisions.

    AL - Dothan, Houston County 3AL - Huntsville 3AL - Montgomery 4AR - Hot Springs 4AR - Little Rock 5CA - Humboldt County 5CA - Inland Empire / Palm Springs 6CA - Inland Empire North / Victor Valley 6CA - Los Angeles 7CA - Los Angeles Westside 7CA - Modesto 8CA - Monterey / San Benito Counties 8CA - Monterey Peninsula 9CA - Orange County 9CA - Redding 10CA - Rowland Heights 10CA - San Diego 11CA - San Fernando / San Gabriel Valley 11CA - San Francisco 12CA - San Gabriel Valley North 12CA - Southwest Riverside County 13CO - Western 13CT - Danbury / New Haven County 14CT - Fairfi eld County 14DE - Sussex County 15FL - Alachua County 15FL - Deltona-Daytona / Ormond Beach 16FL - Jacksonville 16FL - Lakeland / Winterhaven 17FL - Manatee, Sarasota, Charlotte Counties 17FL - Port St. Lucie 18FL - South 18FL - Southwest 19FL - Tampa / St. Petersburg 19FL - The Florida Keys 20FL - Vero Beach / Indian River County 20GA - Athens 21GA - Atlanta Greater MSA 21GA - Atlanta MSA 22GA - Greene / Morgan / Putnam Counties 22GA - Savannah 23HI - Honolulu 23ID - Boise 24ID - Kootenai County 24IL - Bloomington / Normal 25IL - Champaign / Urbana 25IL - Chicagoland 26IL - Springfi eld 26KS - Kansas City Metro Area 27KY - Louisville Metro 27KY - Southern 28LA - Lafayette 28LA - New Orleans 29ME - Midcoast 29MI - Middle 30MN - Mankato 30

    MN - Minneapolis / St. Paul Metro Area 31MN - St. Cloud / Central 31MO - Springfi eld Area 32MO - St. Joseph 32MT - Billings 33NE - Lincoln 33NJ - Morris County 34NJ - Northern 34NM - Albuquerque Metro 35NY - Albany (NY Capital Region) 35NY - New York 36NV - Reno / Sparks MSA 36NC - New Hanover County 37NC - Outer Banks 37NC - Research Triangle 38NC - Winston-Salem 38ND - Fargo / Moorhead 39OR - Portland 39OR - Salem 40PA - Central 40PA - Northeastern 41PA - Southwestern 41SC - Charleston 42SC - Columbia 42SC - Greenville / Spartanburg 43SC - Myrtle Beach 43SC - Sumter 44TN - Chattanooga / North GA 44TN - Knoxville / East Tennessee 45TX - Austin 45TX - Bryan / College Station 46TX - Central 46TX - East 47TX - Houston 47TX - Lubbock 48TX - Victoria County 48UT - Salt Lake City 49VA - Lynchburg 49WA - Clark County 50WA - King County 50WA - South Puget Sound 51WA - Tacoma 51WI - Madison 52

    INTERNATIONAL MARKETSBermuda 53Canada - Ontario (Eastern) 53Canada - Greater Toronto Area 54Canada - Waterloo Region 54Czech Republic 55France 55Greece 56Ireland 56Mexico - Mexico City 57Per - Lima 57Puerto Rico 58Spain 58

  • 3 New Medical school broke ground with the first class to be admitted in August 2013. $40 million has been secured for the first phase of construction.

    Healthcare industry drives the Dothan market with 70% of patients traveling from outside of Dothan.

    Cost of Living Index is one of the lowest in the nation.

    Tourism industry is at record volume for Alabama and Dothan Area.

    Employment rate continues to outperform state and national levels.

    City and County offer advantage sites ready for development.

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Coldwell Banker CommercialAlfred Saliba Realty410 N. Shady Ln.Dothan, AL 36303(334) 793-6600www.alfredsalibacommercial.com

    CBSA Dothan, AL

    Square Miles 1,718

    Population 143,295

    Households 57,785

    Household Income

    Average$58,837

    Employees (Total) 58,833

    Unemployment 7.1%

    OFFICE RETAIL

    INDUSTRIAL MULTI-FAMILY

    DEMOGRAPHICS MARKET HIGHLIGHTS

    CONTACT

    AL - Dothan, Houston County

    Target adds third store to market.

    Huntsville ranked very highly by numerous evaluating organizations.

    Target, Kohls, Wal-Mart, Kroger, a hospital, three strip centers and more, are under construction.

    Market is improving, although prices are slightly lower.

    Potential of another BRAC could benefit Huntsville in 2013.

    This region has more PhDs per capita than anywhere in USA.

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Coldwell Banker CommercialMcLain Real Estate2800 Bob Wallace Ave. S.W.Huntsville, AL 35805(256) 533-3414www.mclaincommercial.com

    CBSA Huntsville, AL

    Square Miles 1,373

    Population 410,866

    Households 166,785

    Household Income

    Average$76,572

    Employees (Total) 174,427

    Unemployment 6.4%

    OFFICE RETAIL

    INDUSTRIAL MULTI-FAMILY

    DEMOGRAPHICS MARKET HIGHLIGHTS

    CONTACT

    AL - Huntsville

  • 4 Hewlett Packard leased 60,000 SF of Colonial Bank Groups former Class A structure.

    Office vacancy continues to rise with bank foreclosures, REO offerings and a general reduction in demand.

    Retirement Systems of Alabama completed a new 400,000 SF Class A building downtown. Warehouse space began to see some tightening. Retail space is recovering as well. One new 200+ Unit Apartment Complex was completed in East Montgomery.

    The residential market continues to struggle, except for one bright spot of new development that is selling new homes at bargain prices due to sales of shovel ready but foreclosed upon REO subdivisions.

    Mom and pops are trying to recover and looking to get back to investing in the new economy.

    Investors continue to pour money into the CBD, and tenants are rewarding them with the first look.

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Coldwell Banker CommercialMoore Company Realty121 Coosa St., Suite 250Montgomery, AL 36104(334) 262-1958www.cbcmcr.com

    CBSA Montgomery, AL

    Square Miles 2,725

    Population 367,157

    Households 147,017

    Household Income

    Average$68,657

    Employees (Total) 144,160

    Unemployment 7.7%

    OFFICE RETAIL

    INDUSTRIAL MULTI-FAMILY

    DEMOGRAPHICS MARKET HIGHLIGHTS

    CONTACT

    AL - Montgomery

    OFFICE

    INDUSTRIAL

    Eldercare relocated to their new facility in late 2011. PetSmart, Mattress King and New Life Christian Book Store opened new locations in Fairgrounds Crossing.

    The Office vacancy rate continues to rise and new tenants are interested in smaller suites. Several landlords have provided tenant improvements and divided large suites.

    Construction of the Arkansas School for Math and Science Living Center is nearing completion. A new Apartment project has been approved for construction in the Hwy. 70 West area.

    There has been an increase in residential sales volume in 2012. Sales prices continue to remain steady, particularly in lakefront properties.

    Baxley/LogPro have expanded their operation in Hot Springs. Land has been purchased for the new county jail and construction is scheduled to begin this year.

    Two building expansions are underway in Mid-America Industrial Park. One of the companies is a new entity to Garland County.

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy N/A

    Absorption N/A

    Rental Rates N/A

    Coldwell Banker CommercialRPM401 Section Line Rd., Suite FHot Springs, AR 71913(501) 520-4000www.cbcrpm.com

    CBSA Hot Springs, AR

    Square Miles 677

    Population 98,888

    Households 43,175

    Household Income

    Average$56,350

    Employees (Total) 32,750

    Unemployment 7.4%

    RETAIL

    MULTI-FAMILY

    DEMOGRAPHICS MARKET HIGHLIGHTS

    CONTACT

    AR - Hot Springs

  • 5 A 3-building complex was acquired from Verizon Wireless by local investors and offered to market as new multi-tenant inventory.

    Retail market had over 115,000 SF of positive absorption in 4th Quarter of 2011.

    Kum & Go convenience store chain entered the market for major expansion and opened two stores in 4Q 2011.

    Dillards established internet fulfillment center and brought 300 jobs to area.

    French company Saint-Gobain made $100 million investment and created 140 jobs in Saline County.

    Forbes.com named Little Rock the 6th best mid-size city for jobs and the 14th best metro for young professionals.

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Vacancy Absorption Rental Rates

    Coldwell Banker CommercialHathaway Group2100 Riverdale Rd., Suite 100Little Rock, AR 72202(501) 663-5400www.hathawaygroup.com

    CBSA

    Little Rock-North Little RockConway, AR

    Square Miles 4,090

    Population 690,456

    Households 276,042

    Household Income

    Average$71,848

    Employees (Total) 290,765

    Unemployment 6.5%

    OFFICE RETAIL

    INDUSTRIAL MULTI-FAMILY

    DEMOGRAPHICS MARKET HIGHLIGHTS

    CONTACT

    AR - Little Rock

    Wal-Mart to open its first store in Humboldt County in 2012. Shell has proposed construction of a 25 turbine wind farm.

    New const