cbc 2014 blue book

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Check out Coldwell Banker Commercial’s 2014 Blue Book, a year-end market intelligence report assembled entirely from data submitted by CBC-affiliated companies. The 2014 edition includes the most comprehensive primary, secondary and tertiary market coverage.

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  • CBCworldwide.comDownload the digital edition at

    MARKET INTELLIGENCEFOR COMMERCIAL REAL ESTATE

  • 9 Markets95 Markets26 Markets

    11 Markets 97 Markets 20 Markets

    17 Markets80 Markets13 Markets

    9 Markets95 Markets21 Markets

    87 Markets14 Markets26 Markets

    98 Markets 14 Markets 15 Markets

    79 Markets9 Markets19 Markets

    92 Markets11 Markets22 Markets

    66 Markets20 Markets44 Markets

    81 Markets 8 Markets 39 Markets

    88 Markets5 Markets17 Markets

    78 Markets9 Markets38 Markets

    *Based off 132 US Markets (Information was N/A in certain sectors)

    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 165 domestic and international markets covered in this edition of the Blue Book. Below are the US market statistics.

    Source: Reis

    Q4 2013 Q4 2014

    16.9% 16.7%

    25,348,000 33,489,000

    $29.08 $29.94

    Q4 2013 Q4 2014

    10.4% 10.2%

    12,979,000 10,779,000

    $19.34 $19.69

    Q4 2013 Q4 2014

    4.3% 4.2%

    159,723 161,187

    $1,133 $1,172

    Q4 2013 Q4 2014

    9.5% 9.0%

    96,277,000 107,653,000

    $4.69 $4.80

    The charts below represent how many of the 132 US markets submitted in this book are Up, Down or had No Change.*

    Dec 2013 vs Dec 2014Source: Bureau of Labor Statistics

    10 Markets 119 Markets 3 Markets

    US TRENDS*US TRENDS*

    Sources of InformationMarket information is derived from the CBC affiliate listed as the contact in such Market. Information from sources considered is deemed reliable, but has not been independently further evaluated or verified by Coldwell Banker Commercial. Various sources of the data include but are not limited to: CoStar, Reis and LoopNet. Demographic information was accessed from United States Census Bureau American Fact Finder DP03 and DP05, providing 2013 demographic info unless submitted by the CBC affiliate listed as the contact. A Metropolitan Statistical Area (MSA) 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.

    Office Retail MF Industrial

    Vacancy

    Absorption

    Rental Rates

    Vacancy

    Absorption

    Rental Rates

    Unemployment

  • ContentsContentsAL - Birmingham 4AL - Madison/Limestone MSA 4AL - Mobile/Baldwin Counties 5AL - Montgomery 5AZ - Flagstaff /Northern Arizona 6AR - Little Rock 6CA - Antelope Valley 7CA - Chico 7CA - Inland Empire/Victorville 8CA - Long Beach/South Bay 8CA - Los Angeles County/San Fernando Valley/San Gabriel Valley 9CA - Los Angeles, West 9CA - Napa/Sonoma Valleys 10CA - Orange County 10CA - Riverside County (Southwest) 11CA - Sacramento Valley (Northern) 11CA - San Bernardino/Inland Empire 12CA - San Diego 12CA - San Francisco/Peninsula Bay Area 13CA - Yuba/Sutter Counties 13CO - Denver 14CO - Western 14CT - Fairfi eld County 15DE - Sussex County 15FL - Brevard County 16FL - Charlotte County 16FL - Daytona Beach/Ormond Beach, Volusia County 17FL - Florida Keys and Key West 17FL - Gainesville 18FL - Jacksonville 18FL - Lakeland-Winter Haven MSA 19FL - Manatee County 19FL - Miami-Dade 20FL - Miami-Dade County 20FL - Orlando MSA 21FL - Palm Beach County 21FL - Putnam County 22FL - Sarasota County 22FL - Sebastian/Vero Beach 23FL - Southeast 23FL - Southwest 24FL - St. Lucie County 24FL - Tallahassee MSA 25FL - Tampa Bay 25FL - Volusia County 26GA - Athens 26GA - Atlanta 27GA - Atlanta MSA 27GA - Columbus 28GA - Dalton 28GA - Fayette County/Peachtree City 29GA - Greene/Putnam/Morgan 29GA - Hinesville/Fort Stewart MSA 30GA - Macon MSA 30GA - Savannah 31HI - Honolulu 31ID - Pocatello 32IL - Bloomington/Normal 32IL - Champaign 33IL - Chicagoland 33IL - Madison/St Clair Counties 34IL - Tazewell County 34KS - Garden City 35KS - Kansas City MSA 35KY - Lexington/Fayette MSA 36KY - Louisville MSA 36KY - Shelby County 37KY - Southern 37LA - Lafayette 38LA - New Orleans 38ME - Midcoast/Southern 39MD - Suburban Maryland/Washington, DC 39MI - Lansing MSA 40MI - Northern 40MN - Mankato 41MN - Minneapolis/St. Paul 41MN - Saint Cloud MSA/Central MN 42MS - Gulfport/Biloxi 42MO - Springfi eld 43MO - St. Joseph 43MT - Billings 44NE - Lincoln 44NV - Reno/Sparks MSA 45NJ - Northern 45

    NM - Albuquerque 46NY - Long Island 46NY - New York 47ND - Fargo/Moorhead 47OH - Cincinnati 48OH - Cleveland 48OH - Cleveland Greater Metro 49OK - Oklahoma City 49OK - Tulsa/Tulsa County 50OR - Portland 50OR - Salem/Keizer 51PA - Hunterdon County/Southeastern PA 51PA - Lackawanna/Luzerne Counties 52PA - Western 52SC - Charleston MSA 53SC - Columbia 53SC - Greenville 54SC - Myrtle Beach 54SC - Spartanburg 55SD - Rapid City 55TN - Chattanooga MSA 56TN - Knoxville Area/East Tennessee 56TN - Nashville 57TX - Amarillo MSA 57TX - Austin 58TX - Bryan/College Station 58TX - Dallas/Fort Worth 59TX - El Paso 59TX - Houston 60TX - Lubbock MSA 60TX - Rio Grande Valley 61TX - South/Central 61TX - Southeast Texas 62TX - Victoria 62TX - Waco 63UT - Salt Lake City 63UT - St. George 64UT - Utah County 64VA - Fredericksburg 65VA - Lynchburg 65VA - Williamsburg/Hamptons Roads MSA 66WA - Anacortes 66WA - King County 67WA - Tacoma/Pierce County 67WA - Vacouver/SW Washington 68WI - Dane County 68WI - Janesville/Beloit MSA 69WY - Cheyenne 69

    INTERNATIONAL MARKETSAustralia - Brisbane, Queensland 70Australia - Brisbane (South), Queensland 71Australia - Gold Coast, Queensland 71Australia - Perth 72Australia - Sydney 72Bermuda 73Canada - Calgary CBD, Alberta 73Canada - Campbell River & District, British Columbia 74Canada - Courtenay/Comox, British Columbia 74Canada - Edmonton, Alberta 75Canada - Nanaimo/Regional District of Nanaimo, British Columbia 75Canada - Nanaimo, British Columbia 76Canada - Oakville/Mississauga/Burlington, Ontario 76Canada - Ottawa, Ontario 77Canada - Vancouver, British Columbia 77Canada - Victoria/Capital Regional District, British Columbia 78Canada - Waterloo Region, Ontario 78Cayman Islands - Grand Cayman 79France 79Guatemala - Republic of 80India - Bengaluru 80India - Hyderabad 81India - Mumbai 81Ireland 82Ireland - Dublin 82Italy 83Mexico - Mexico City 83Puerto Rico - San Juan 84Puerto Rico 84Romania - Bucharest 85Saint Kitts and Nevis 85Spain 86United Arab Emirates - Dubai 86

  • 4AL - BirminghamAL - Birmingham

    MARKET HIGHLIGHTS

    Coldwell Banker CommercialMoore Company Realty

    402 Office Park Drive, Suite 205Birmingham, AL 35223

    CONTACT

    Industrial inventory is unchanged from 2013, increasing only .65%. Net absorption of existing space drastically increased in 2014 over 2013 by 362%. Inventory of Industrial has become scarce.

    Central Business District gains momentum with growing interest in residential development; businesses have a renewed interest in locating in CBD, and new Retail development led by Publix Grocery store is providing much needed community support.

    Retail development is focused on the reuse of existing space, and few majors continue to add locations except: Walmart Neighborhood Market and Publix. New-to-market retailers are showing interest in the market such as the about-to-be-complete Field & Stream store.

    Residential development is on the rise with home sales up 15% over the prior year. Apartment development continues to be strong with unit values on the rise in the midst of stagnant growth in employment and wages.

    The Office sector is experiencing positive absorption, leading to lower vacancy. Rental rates in Class A Office space are firming up and starting to increase. The strongest occupancy is in midtown to CBD. Overall vacancy rate for all markets is 9.2%. It is a healthy Office market. Look for technology to impact this sector more in the future.

    INTERESTING FACT: INTERESTING FACT: Above average public education is available per capita. Hilly terrain provides beautiful vistas. There are four distinct seasons. Automotive production is now listed as a base industry in the MSA, which is a shift from steel production of the past.

    Population of MSA

    1,135,513Households in MSA

    501,800Household Median Income

    $47,886Unemployment of MSA

    4.70%

    (334) 262-1958www.moorecompanyrealty.com

    Vacancy

    Absorption

    Rental Rates

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    Office Retail MF Industrial

    AL - Madison/Limestone MSAAL - Madison/Limestone MSA

    MARKET HIGHLIGHTS

    Coldwell Banker CommercialMcLain Real Estate

    2800 Bob Wallace Avenue S.W. Post Office Box 2199Huntsville, AL 35805

    CONTACT

    In December, Remington Arms announced 2,000 jobs in advanced manufacturing of firearms in Huntsville. Polaris followed suit in January 2015 with 1,700 jobs and a new 453 acre facility.

    Job creation in the Huntsville market is excellent, with about 3,400 jobs added in 2014. Four new downtown Mixed-Use projects are in the works and should all break ground in 2015. New residential construction and lot development have returned. New development is active in all sectors, particularly Retail and Mixed-Use.INTERESTING FACT: INTERESTING FACT: Huntsville rocket scientists made and managed the Saturn V and Space Shuttle and are now working on the advanced heavy-lift rocket.

    Population of MSA

    430,367Households in MSA

    185,606Household Median Income

    $54,838Unemployment of MSA

    4.80%

    (256) 533-3414www.mclaincommercial.com

    Vacancy

    Absorption

    Rental Rates