I'm sure that all of you readers can't wait for me to go off on my monthly tangents and voice my personal opinions, but every once in a while, I need to supply you loyal readers with some Commercial Real Estate facts, so here you go. Absorption: The square feet leased in a specific geographic area over a fixed period of time after deducting space vacated in the same area during the same period. *Vacancy: The total amount of available … [Read more...] about Commercial Real Estate
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Improving Quality of Life for Region’s Youth
It’s common knowledge that Flagstaff is an incredible place to raise children, but now, it is official. “Recently, we applied for a ‘100 Best Communities for Youth’ award and were honored that Flagstaff was chosen as one of the 100 recipients,” said Ruth Ellen Suding. “This award, bestowed in October, was offered by the ING Foundation and is a national award which increases awareness for our entire community.” One of the reasons the community is so kid-friendly is because of the Coconino … [Read more...] about Improving Quality of Life for Region’s Youth
MOBs – Investor Interest Increasing
In 2010, Medical Office Buildings (MOB) sales volume increased dramatically to 80 percent over 2009. According to Real Capital Analytics, MOB acquisitions totaled more than $3.1 billion by the last quarter of 2010. In our Southwestern region of the United States, we experienced $75.7 million in transactions in the third quarter of 2010, along with an average sales price per square foot of $223. What’s up with this? This can’t be; everyone (me not included) says that we are still in a major … [Read more...] about MOBs – Investor Interest Increasing
Building Better — Not Bigger
The housing market has shifted. People are making different choices about their lifestyles than 10 years ago. Homeowners now have the courage to design their house how they want it and only build the spaces they know they will use. The focus has changed from the quantity of space to the quality of design. People are realizing that they are not sacrificing space by building a smaller house. They are just reprioritizing their wants and needs. A house that is 1,800 square feet can have a lot … [Read more...] about Building Better — Not Bigger
