Number of Office Transactions - Down 20%
Total $ Volume - Down 37.31%
Average Sale Price - Down 21.64%
Median Sale Price - Down 25.50%
Average Sale Price/SF - Up 18.25%
Median Sale Price/SF - Up 35.10%
From 2008 to 2009 the Lakeland office market experienced a decline in the total number of office transactions and a substantial decline in the total dollar volume of transactions. The average sale price per transaction was down over 20% and the median sale price was off by 25%. Although transactions and dollar volume were off from 2008 the average sale price per square foot saw an increase of 18.25%.
Note - Information was compiled from the property appraisers website from 2008 and 2009 office sales searches.
For more information or for an in-depth analysis of a specific property contact:
Mike Cliggitt
863-661-1165
http://www.cliggitt.com/
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