RealtyBizNews - Real Estate Marketing and Beyond
Real Estate Marketing & Beyond
Home » Housing » US Real Estate » Washington D.C. Still Leads Recovery

Washington D.C. Still Leads Recovery

By Ryan Cox | February 22, 2011

Washington D.C. remained the leader among major U.S. markets in commercial real estate pricing recovery in 2010. The region posted a 5 percent increase in the fourth quarter last year. More specifically, commercial property pricing in that area gained 15 percent for the year and 19 percent since its market low.

housing
DC leads the comeback pack

Real Estate overall still is very unstable whether positive or negative, so there is not a lot that can be taken away by either positive or negative percentages. Co-Star Group reported today in the Washington Post, that D.C. gained where the other major markets lost a little bit.

  1. Commercial property pricing in New York declined 2 percent in the fourth quarter, after the three previous quarters all saw increases.
  2. New York commercial property pricing has increased 6 percent above its market low.
  3. Chicago, San Francisco, and Atlanta all experienced declines in commercial property pricing.
  4. Chicago, San Francisco, and Atlanta have not posted a positive quarter than the previous, thus still searching for a market bottom.
  5. Los Angeles had it’s first pricing increase since 2008 with its fourth quarter, up a meager 1 percent.

Pricing for commercial property sales in the top 10 largest markets is recovering much more strongly than the residential and general market, with the strong exception of retail.

A breakdown by region: in the West, retail is stabilizing -- while all other property types are down in recent quarters. In the South, the only significant increase is multifamily pricing. In the Midwest, the market is looking bleak with all property types down, especially office. In the Northeast, industrial and office pricing is stabilizing while multifamily has made strong increases.

Ryan is an entrepreneur. You've probably heard (or read) him talk about "hustle". He is the founder and CMO of @StatsSquared, an analytics company that recently won Indianapolis Startup Weekend, placed second in the Global Startup Battle, and then won the ITMartini competition. He has two startup projects: @Schindigs and @Tag2Do. During the day (rim shot) he does SEO consulting for @DeepRipples and manages a few clients under his own consulting. He helps businesses leverage internet marketing, Facebook, and Twitter, and provides insight on cutting edge technologies across several sectors.
  • Advertise with RealtyBizNews - Media Kit
  • real estate digital marketing
  • Get Digital Marketing Training
    right to your inbox
    All Contents © Copyright RealtyBizNews · All Rights Reserved. 2016-2022
    Website Designed by Swaydesign.
    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram