Is a Building lot Price Upswing on the Horizon?
A building lot market update from Frederick County’s leading land expert…
A building lot market update from Frederick County’s leading land expert…
While the CRE sales count holds steady, the average sales price and dollar volume drop by more than 60% from same period of 2015
Third Quarter Commercial Property Sales Wipe Out Most Year-to-Date Losses.
Leased Space in all CRE sectors drop to 38% of 2014 levels in the first three quarters of 2015, and two of four sectors see drops in lease rates as well.
It’s a good news/bad news kind of market for office leasing in Frederick.
Here we are in the 15th year of the new century, half a decade out of the major recession, with unemployment at a pre-recession level, gas prices at six-year lows, and retail sales at their strongest in 10 years.
Flex vacancies declined and interest in the Golden Mile picked up during 2014.
Six months ago the closed sales volume for building lots in Frederick County finally showed a modest upturn from the great recession; but now things are even brighter!
Low interest rates, steady consumer demand, and record high industrial production is fueling strong demand for industrial real estate despite stunted first quarter GDP.
It may only be raining pennies, but Frederick County is doing its share to Save the Bay.