2013 Year End Blue Book

2013
Blue Book
SEMI-ANNUAL Marketing Intelligent Report

For Commercial Real Estate
CBCworldwide.com
Download at
CONTENTS
AL - Houston County AL - Huntsville AL - Montgomery/Central AR - Little Rock CA - Roseville/Placer County CA - Antelope Valley CA - Carmel/Monterey Peninsula CA - Chico CA - Corona/Riverside CA - Inland Empire/Victor Valley CA - Long Beach/South Bay CA - Los Angeles/San Fernando/San Gabriel CA - Modesto MSA CA - Napa/Sonoma Valleys CA - Newport Beach CA - Orange County CA - Orange County Coast CA - Sacramento CA - San Bernardino/Inland Empire CA - San Diego CA - San Mateo County CA - Southwest Riverside County CA - West Los Angeles CO - Denver CO - Denver County CO - Western CT - Western FL - Brevard County FL - Daytona Beach/Ormond Beach FL - Florida Keys FL - Gainesville FL - Jacksonville FL - Lakeland/Winter Haven MSA FL - Melbourne/Palm Bay/Titusville FL - Miami-Dade County FL - Naples/Ft. Myers FL - Orange City/Debary FL - Orlando MSA FL - Port Orange/New Smyrna Beach FL - Port St Lucie FL - St Lucie County FL - Sarasota/Manatee/Charlotte FL - South Florida FL - Southeast FL - Tallahassee FL - Tampa Bay FL - Vero Beach GA - Athens GA - Atlanta MSA GA - Atlanta, Greater MSA GA - Macon, Bibb County GA - Peachtree City GA - Savannah HI - Honolulu ID - Kootenai County IL - Bloomington/Normal IL - Champaign/Urbana IL - Chicagoland IL - DuPage County IL - Tazewell County IN - Indianapolis KS - Garden City KS - Kansas City Metro Area KY - Louisville Metro KY - Paducah/McCracken County KY - Southern LA - Acadiana LA - New Orleans ME - Midcoast MN - Mankato MN - Minneapolis Metro MS - Gulfport/Biloxi MO - St. Joseph NE - Lincoln NV - Reno/Sparks MSA NJ - Central New Jersey NJ - Morris County NJ - Northern 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 42 NM - Albuquerque MSA NY - Albany/Capital Region NY - Buffalo/Rochester NY - Long Island NY - New York NC - Charlotte MSA NC - New Hanover County ND - Fargo/Moorhead OH - Cincinnati OK - Oklahoma City MSA OR - Portland OR - Salem/Keizer PA/NJ - Bucks Co, PA/Hunterdon Co, NJ PA - Lackawanna/Luzerne Counties PA - Pittsburgh SC - Charleston MSA SC - Columbia SC - Greenville SC - Myrtle Beach SC - Spartanburg SD - Rapid City TN - Chattanooga Metro TN - Knoxville - East TN - Nashville MSA TX - Austin TX - Bryan/College Station TX - Dallas/Ft. Worth TX - Houston TX - Lubbock TX - Rio Grande Valley TX - South/Central TX - Southeast TX - Waco UT - Salt Lake/Utah County VA - Fredericksburg VA - Lynchburg VA - Spotsylvania County VA - Williamsburg/Hampton Roads MSA WA - King County WA - Seattle WA - Tacoma/Puyallup WA - Vancouver & Southwest WI - Madison, Greater WI - Rock County WY - Cheyenne 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 61 62 62 63 63 64 64 65
INTERNATIONAL MARKETS Australia - Gold Coast, Queensland 66 Bermuda 66 Canada - Aurora, Ontario 67 - Barrie, Ontario 67 - Campbell River, British Columbia 68 68 - Courtenay/Comox, British Columbia - Innisfil, Ontario 69 - Nanaimo, British Columbia 69 - Newmarket, Ontario 70 - Orillia, Ontario 70 - Ottawa, Ontario 71 - Richmond Hill, Ontario 71 - Vaughan, Ontario 72 - Victoria/Capital Regional, British Columbia 72 - Waterloo Region, Ontario 73 - Winnipeg Area, Manitoba 73 Cayman Islands - Grand Cayman 74 Costa Rica 74 France 75 Greece 75 Ireland - Republic of Ireland 76 Italy 76 Mxico - Mxico City 77 Puerto Rico 77 Spain 78 United Arab Emirates - Dubai 78
US TRENDS*
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 140 domestic and international markets covered in this edition of the Blue Book. Below are the US market statistics.
OFFICE
Q4 2012
Vacancy
retail
Q4 2012
11.8% 1,841,000 $18.00
industrial
2012
10.0% 96,277,000 $4.61
mulTI-family
Q4 2012
4.6% 41,967 $1,097
Q4 2013
16.9% 8,867,000 $29.07
Q4 2013
11.3% 2,195,000 $18.26
2013
9.5% 94,263,000 $4.69
Q4 2013
4.1% 50,627 $1,131
17.1% 3,110,000 $28.47

Source: Reis
Absorption
Rental Rates
The charts below represent how many of the 127 US markets submitted in this book are Up, Down or had No Change.*
OFFICE
retail
industrial
mulTI-family
Vacancy
p q n p q n p q n
23 Markets 73 Markets 24 Markets
p q n p q n p q n
p q n p q n p q n
p q n p q n p q n
Absorption
Rental Rates
*Based off 122 US Markets (Information was N/A in certain sectors)
UNEMPLOYMENT
p q n
Sources of Information Each market information comes from the CBC affiliate listed as the contact. Information is deemed from sources considered reliable. Various sources of the data include but are not limited to: CoStar, Reis and LoopNet. Demographic information was accessed from EASI Demographics and 2010 Census. A Core Based Statistical Area (CBSA) 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.
Dec 2012 vs Dec 2013 Source: Bureau of Labor Statistics
AL - Houston County
AL - Huntsville
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
Household Income Median
Employees (Total) Unemployment
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Dothan, AL
1,718
143,295
57,785
$43,656
58,833
5.50%
Huntsville
1,373
410,866
166,785
61,008
174,427
4.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
In March, Houston County will be hosting the first meeting
ever held in the United States of over 400 business owners from China who are interested in expansion into the US. Academy, Gander Mountain and Car Max.
Job announcements encourage market in general. Boeing announced 400 engineering jobs for Dreamliner
project. plant.
There are new major retailers in the area including Sports Tourism dollars for Houston County soar to $218 Million. The Hospitality industry continues to grow. Lodging Tax
collection remains strong in Dothan, AL. Industrial re-locations.
Remington announced 2,000 jobs for their manufacturing Retail leasing has recommenced. Downtown construction continues and is accelerating. City invokes half-cent sales tax for $250 million for road
improvements.
Dothan, AL neighboring cities and counties benefit from major The Osteopathic Medical College brings new development to
the southside of Dothan.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
n n n
n n n
410 N. Shady Lane Dothan, AL 36303 (334) 793-6600
q p p
p q n
q p p
n n n
Post Office Box 2199 Huntsville, AL 35804 (256) 533-3414
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Alfred Saliba Realty
CONTACT
Coldwell Banker Commercial McLain Real Estate
www.alfredsalibacommercial.com
www.mclaincommercial.com
AL - Montgomery/Central
AR - Little Rock
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Montgomery, AL
2,725
367,157
147,017
$52,679
144,160
5.90%
Little Rock- North Little RockConway, AR
4,090
690,456
276,042
$56,190
290,765
6.20%
MARKET HIGHLIGHTS 100 + year old Hancock Bank selects Montgomery, AL as its new corporate center, bringing 200 jobs. Ron Milliet, Hancocks chief information officer, said it took two years to find its new location which was chosen due to the centrality of its five-state footprint, plus Montgomery is safe and has a good educational system. The Central Alabama corporate center will occupy approximately 40,000 SF at Montgomerys Capitol Commerce Center off I-85. Hancock invested $500,000 in the opening of the new center, Milliet said, and expects to have an annual payroll of an estimated $3.5-4 million when all of the employees are hired.
MARKET HIGHLIGHTS
Bass Pro Shops opened to huge holiday crowds at Gateway

Town Center.
Retail vacancy rate dipped to 5.3% by end of 2013,

approximately half the national rate.
New England Development Co. of Newton, MA., plans a
325,000 SF outlet mall called The Outlet at Little Rock near Bass Pro Shops at the Gateway Town Center. sold to local investors.
212,000 SF Verizon Building and 147,000 SF Three Financial LR Technology Park selects downtown Little Rock as location,
choosing it over suburban sites in a close vote. Foodie Cities, mentioning Whole Hog Cafe.
Vacancy is falling due to the unique position Montgomery
finds itself in as the central interstate interchange and governmental hub in a state ripe with new auto manufacturing opportunities. Steel and aircraft manufacturing jobs are also blossoming throughout the state and region.
Forbes Travel Guide names Little Rock one of its Five Secret
A mix of Industrial facilities and bedroom communities, combined with downtown revitalization, is leading to a more balanced work/life atmosphere in the capital city. All 5 major metro areas representing 70% of Alabama sales
have positive sales growth in 2013 led by Montgomery with year-over-year sales growth of 14.6%. Alabama residential sales in 2013 improved by 10.2% from the prior year. This represents the third consecutive year of positive sales growth for Alabamas residential real estate industry. In 2012, sales grew 5.9% year-over-year.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
n n n
q p p
121 Coosa St. Suite 250 Montgomery, AL 36104 (334) 262-1958
q p n
q p p
q p n
q p n
p q n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Moore Company Realty
CONTACT
Coldwell Banker Commercial Hathaway Group
2100 Riverdale Rd. Suite 100 Little Rock, AR 72202 (501) 663-5400
www.moorecompanyrealty.com
www.hathawaygroup.com
CA - Roseville/Placer County
CA - Antelope Valley
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
SacramentoArdenArcadeRoseville, CA
5,094
2,141,658
801,834
61,184
727,825
7.60%
Los AngelesLong BeachSanta Ana, CA
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Walmart is the major occupant in new Rocklin Super Center. Builders are pre-selling homes. Overseas investor buyers are making purchases in many
markets.
City of Hope finished construction of a 56,195 SF full-service

cancer facility in Lancaster.
Kaiser Permanente broke ground on 136,000 SF Medical

Office facility implementing a sustainable energy design slated to become their signature model for new Office construction. room Town Place Suites by Marriott in Lancaster. building in the Antelope Valley Mall.
Large Land sales are happening. Construction jobs are up 25%. Skilled labor market is increasing in the market.
Construction began on an 88-room Best Western and a 93 Dicks Sporting Goods began their move to former Gottschalks
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p p
q p p
q p p
p n q
p q p
q p n
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial NRT
2200 B Douglas Blvd. Suite 200 Roseville, CA 95661 (916) 786-4600
CONTACT
Coldwell Banker Commercial Valley Realty
42402 10th St. West Suite E Lancaster, CA 93534 (661) 948-2644
www.cbcworldwide.com
www.cbcvalleyrealty.com
CA - Carmel/Monterey Peninsula
CA - Chico
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Salinas, CA
3,322
413,103
133,220
65,355
120,633
11.00%
Chico, CA
1,639
221,277
88,796
$43,239
60,484
9.10%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
After decades of little to no development, the outlook is
changing on the Monterey Peninsula. The City of Monterey has approved and found water credits for over 100 new residential units in the heart of Downtown Monterey. was turned down by voters in Pacific Grove. This Hotel project has expired.
Employment levels are improving.

in Butte county in 2013.
There were 1,300 new jobs
The latest re-use proposal for the former Holman Building
Housing market is stable after modest upward trend. Excellent absorption of Warehouse lease space. Scarcity New 60,000 SF North Butte County Courthouse is under
construction in Chico.
of smaller units and some new Warehouse construction is planned.
Retail rents and vacancy are increasing in Downtown Carmel. East Garrison development in the former Fort Ord is moving
forward and already selling new homes. Other developments within Fort Ord are selling homes; retailers and service providers are open for business; and the new movieplex opened. water solution.
New Retailers in the area include: Dollar General, Dollar Tree,

Sportsmans Warehouse, Goodwill, Jersey Mikes, McDonalds and Its a Grind Coffee. major concern.
Voters are finally getting serious about finding a long term Retail and Office sectors at the mouth of the Valley are
filling in the huge vacancies that resulted from McGraw Hill relocating to Ryan Ranch. New tenants include Prim Hardware and Beverages, as well as others.
Agricultural industry is doing well. However, drought is a
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p
N/A
q p p
n n p
3775 Via Nona Marie Carmel, CA 93921 (831) 601-3284
q p p
q p n
q p n
q p p
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
Coldwell Banker Commercial DuFour Realty
1350 E. Lassen Ave., Suite 1 Chico, CA 95973 (530) 895-1545
CA - Corona/Riverside
CA - Inland Empire/Victor Valley
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
RiversideSan BernardinoOntario, CA
27,260
4,171,856
1,350,253
52,845
1,156,307
8.90%
RiversideSan Bernardino Ontario, CA
27,260
4,171,856
1,350,253
$52,845
1,156,307
8.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Industrial continues to be the strongest sector in the region Office has seen the most dramatic recovery. Vacancy rates
with a vacancy rate under 4%. Industrial construction has increased with buildings in the most desirable areas receiving offers before construction begins. have declined to 13% as the buildings constructed at the end of the previous building boom are being absorbed. Rental rates in the Class A buildings are increasing, and businesses in the area are expanding. the retail business is starting to surge. In turn, with more contractors working, the additional demand for Industrial product will rise. premium. The Retail projects constructed at the end of the building boom have been repositioned with new ownership at a much lower cost basis, allowing those owners to pass along more competitive rental rates. almost a decade of very limited construction, Multi-Family projects are now coming on line. Large scale luxury Apartment projects have opened in Corona and Riverside with strong absorption causing an uptick in rental rates.
Activity for land purchases were up 150% year over year. The Southern California Logistics Airport (SCLA) Industrial
Park is near capacity. Industrial stats outside of SCLA ended the year at $3.36 lease rate and 7.6% vacancy. re-sale house prices up 32% year over year.
Regional home builders have returned in 2013 with median Office vacancy rates showed steady decline, ending the year Retail expansion continued in 2013 with national & regional
at 6.0% with lease rates of $14.76. The majority of space was leased to small & medium format users. brands including; Jersey Mikes, Dennys, Ulta Beauty, Big 5, Dollar General, Dicks Sporting Goods and others. Retail vacancy rate fell from 12.2% in 2012 to 10.7% ending 2013, which included the absorption of 600,000 SF in new deliveries. construction and a 4th breaking ground in 2014.
With construction activities increasing, the expansion of
Retail space in well anchored shopping centers is now at a
Two new super Walmarts opened in 2013, with a 3rd under
Multi-Family continues to perform well in the area. After
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p n
q p p
q p p
q p q
q p q
p q p
q p n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Sudweeks Group
1260 Corona Pointe Ct. Suite 101 Corona, CA 92879 (951) 200-7683
CONTACT
Coldwell Banker Commercial Real Estate Solutions
15500 W Sand St. 2nd Floor Victorville, CA 92392 (760) 684-8000
www.cbcsocalgroup.com
www.cbcdesert.com
CA - Long Beach/South Bay
CA - Los Angeles/San Fernando/San Gabriel
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Mercedes Benz USA leased 1.1 million SF in the Long Beach

Airport area. Torrance.
Multi-Family: 4-6,000 high end rental units are under

market continues to be soft in the tri-cities.
construction, and there are more buyers than ever before.
Virco Manufacturing renewed a lease of 559,490 SF in Multiple new Residential and Retail developments in
3-4%. Downtown Long Beach are set to break ground in 2014.
Office: Community Bank took 90,000 SF in Pasadena but the Industrial: Vacancy is declining as existing inventory is leased
or sold without new development of any significance in LA County.
Multi-Family cap rates continue to stay low in the range of Scan Health Plan completed a lease renewal and expansion The 150,000 SF ocean front Retail center of Ports O Call in
transaction for a 202,804 SF Office space for 12 years at Kilroy Airport Center. San Pedro to begin a $1.2 Billion redevelopment led by the LA Waterfront Alliance.
Retail: One of the most notable sale transactions in 2013 was

the sale of the 964,000 SF Valencia Town Center in Valencia, CA for $195,000,000. 5.2%.
Retail: The vacancy rate in Los Angeles has decreased to
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n
N/A
p q p
n n p
q n p
q p p
q p n
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Blair Westmac
333 W. Broadway Suite 312 Long Beach, CA 90802 (562) 495-6070
CONTACT
Coldwell Banker Commercial Alliance
701 North Brand Blvd. 850 Glendale, CA 91203 (818) 334-1900
www.cbcblair.com
www.cbcalliance.com
CA - Modesto MSA
CA - Napa/Sonoma Valleys
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Modesto, CA
1,494
512,221
167,008
$49,395
140,743
12.20%
Napa, CA
754
135,273
52,057
$72,042
60,343
5.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Stanislaus County is located in the Central Valley.
Many people in the surrounding areas shop in its county seat of Modesto. 18,000 people or 11.3 percent of the total 160,000 people that are employed. The unemployment rate varies due to seasonal positions in the AG industry. with some major remodeling. Vacant spaces, due to the lack of new construction, have been absorbed as needed. Kaiser Permanente built a major hospital complex with Memorial Hospital building a major expansion.
Upvalley, in Calistoga, two new restaurants, 1226 Washington

and Hotel D Amici Ristorante, were opened by new owners in previously shuttered locations. hovering around $4 PSF on Main Street, with only a single 1,500 SF space available at years end. The Shops at Napa Center, got a boost with the naming of its new anchor, a 7-story luxury hotel, Archer Napa, to be developed by Zapolski Real Estate and LodgeWorks.
The major industry is AG-related, employing approximately
In St. Helena, commercial lease rates remained steady,
Well located shopping areas have been attracting new tenants
Redevelopment of the old Town Center in Napa, now called Near the end of 2013, the Industrial vacancy rate was very low,
below 2% for the City of Napa and in the business parks, as well, which are located in unincorporated areas of the county. 4.8%.
There have been major layoffs in the government sector based

on tax assessments being lowered due to the downturn in real estate values. Leveling out has occurred, and all are hoping real estate prices will start to rise more in 2014. This will only come if unemployment in the area starts to decline.
CRE vacancy rate in American Canyon held steady at about In Sonoma Valley, the most coveted Retail spaces continue to
exist on the History Plaza, in the center of Sonoma. Scarce inventory plus prime location command top dollar for rents.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
n q n
220- C Standiford Ave. Modesto, CA 95350 (209) 577-4747
q p p
q p n
q p p
n n n
1775 Lincoln Ave. Napa, CA 94558 (707) 224-8454
n n p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Vinson Chase, Realtor
CONTACT
Coldwell Banker Commercial Brokers of the Valley
10
www.napacommercialproperties.com
CA - Newport Beach
CA - Orange County
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Retail vacancies are down in Newport Beach area. Office vacancies are still high at 12% with the exception of
Fashion Island. increasing.
OCs Industrial market is tied with greater LA Industrial OCs Office market inches toward Landlord & Tenant OC Apartments had a terrific year.
market for the lowest Industrial vacancy rate in the country at 4.4%. equilibrium. Vacancy rates in low, mid, and high-rise buildings continue to drop, approaching single digit vacancy in some sectors. The housing demand continues to tighten on the rental market as many people are forced to rent as a result of the recent housing downturn. industry, especially quick-service restaurants. Throughout the recession, lunch crowds and families were drawn to fast, affordable, healthy alternatives. OC. Declining cap rates have increased values and clearly indicate an increasing demand from investors for well located, income producing OC properties.
Employment is up, and the area small business should be Commercial activity in general is picking up.
Sign of Retail recovery is clearly underway, led by the food
Investment sales of all types have led to a robust recovery in
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p p n
q p q
q p p
q p p
q p p
q p p
q p p
2600 Michelson Dr. Irvine, CA 92612 (949) 954-3700
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
201 Marine Ave. Newport Beach, CA 92662 (949) 422-6657
CONTACT
11
www.cbcalliance.com
CA - Orange County Coast
CA - Sacramento
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
4,850
12,935,173
4,288,080
60,485
5,313,010
7.90%
Sacramento-ArdenArcade-Roseville, CA
5,094
2,141,658
801,834
61,184
727,825
7.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Orange County jobless rate dropped to 5.2%. There is a shortage of housing so building permits are up. Employment is still below the 2006 peak. Home supply is low and resulted in a 19.7% increase in prices. Construction growth is 15% higher than any other economic
OC sector.
Over the past 6 months, no major tenants have moved out. Rental rates are rising for multi Apartment units. Construction improved past year but is still slow. Residential market: inventory of REO is low. Residential
prices have gone up due low inventory. Commercial.
The market is improving slowly in both Residential and For investment properties, it is still a bargain area. Investors
can possibly still obtain 8-9% cap rate.
Orange County is attractive to businesses because it is 75

degrees most all of the year.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q p
q p q
q p n
q p p
p n n
p p n
q p n
730 Alhambra Blvd Sacramento, CA 95819 (916) 447-5900
q p q
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
4 San Joaquin Plz. Suite 260 Newport Beach, CA 92660 (714) 504-4649
CONTACT
12
CA - San Bernardino/Inland Empire
CA - San Diego
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
27,260
4,171,856
1,350,253
52,845
1,156,307
8.70%
San DiegoCarlsbadSan Marcos, CA
4,200
3,071,264
1,129,261
$66,264
1,227,936
6.40%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Large Industrial site values have spiked to accommodate Notable Industrial leases over 300,000 SF: Amazon,
large new Warehouse construction. 20 buildings, totaling 10,745,000 SF, are under construction and 5 buildings, totaling 2,095,00 SF, have been completed. Burlington Coat, Decker Outdoor, Kane Warehousing, Ross Dress for Less and Building Material Distributors, Inc. - 69,000 SF; San Bernardino County leased investment: $1.85/ SF/FSG, 10 year term. Sales price was $7,250,000. year.
The unemployment rate is at 6.4% in San Diego County. It is

down 1.2%.
Sempra Energy has signed a 25 year lease for 330,000 SF. San Diegos Q4 Office developments currently under
construction reached 921,266 SF, increasing more than 227,000 SF more than Q3, 2013. was 5.3%.
Major transactions include: 303 E. Vanderbilt, San Bernardino Unemployment has dropped to 8.7% from 10.9% over the past
Vacancy for all Retail center types, including sublease space, Industrial vacancy rates have declined for 10 consecutive
quarters and should reach the pre-recession vacancy rate next year. average vacancy rates county wide at 2.1%.
The Multi-Family market is one of the best in the country with
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n p
q n p
n p p
N/A N/A N/A
q p p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
1901 Orange Tree Lane, Suite 250 Redlands, CA 92374 (909) 793-3600
CONTACT
4365 Executive Drive, Suite 710 San Diego, CA 92121 (619) 344-0870
13
CA - San Mateo County
CA - Southwest Riverside County
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
San FranciscoOaklandFremont, CA
2,473
4,347,767
1,661,661
80,439
1,916,201
5.60%
27,260
4,171,856
1,350,253
$52,845
1,156,307
8.70%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
This year was the strongest growth year in the Industrial
market as over 1.2 million SF of space was absorbed with a huge deal with FedEx. over 12% from one year ago. Island Blvd. in Foster City.
Several Medical Office buildings have come on the market due

to the recent completion of the Temecula Valley Hospital at the end of 2013.
The current average asking rent for Industrial space is down Cornerstone Real Estate buys 179,902 SF at 777 Mariners Monster Cable renews 153,200 SF space in Brisbane. Invesco Real Estate buys 462,316 SF in South San Francisco.
Delivery has resumed on the Truax Building, the only
professional Office building currently under construction in Southwest Riverside County. It is a four story, 64,891 SF Class A project in Old Town Temecula with a new anticipated delivery date of April 1, 2014. with 59,294 SF currently under construction throughout the South West Riverside County Market. sales transactions.
The amount of construction of Retail product is up over Q3
Industrial market continues to steadily increase in lease and The unemployment rate has dropped to 8.7%, down from
11.1% from the previous year.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q p
p q p
q p p
p q p
q p p
q q p
q p p
p q q
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Westbay Real Estate Group
1575 Bayshore Hwy. Suite 100 Burlingame, CA 94010 (650) 344-4300
CONTACT
27708 Jefferson Ave. Suite 201 Temecula, CA 92590 (951) 200-7683
www.cbcburlingame.com
14
CA - West Los Angeles
CO - Denver
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
4,850
12,935,173
4,288,080
$60,485
5,313,010
7.90%
DenverAurora, CO
8,369
2,578,383
1,001,550
67,727
1,140,976
5.80%
MARKET HIGHLIGHTS
Iconic Century Plaza Towers development in Century City is on

the market for sale.
Vacancies are trending down; 160,000 SF lease was signed in

West LA on a new development with Riot Games. Hollywood and Playa Vista submarkets.
MARKET HIGHLIGHTS Year-to-date absorption arrived at 2,113,335 SF while vacancy decreased to 11.4%; this despite deliveries of 980,000 SF of new product. Rental rates increased in the CBD, NW, and SES submarkets between 8 and 12%.
The largest lease signings of 2013 included: the 485,000 SF The 2013 Office investment market held steady with 2012s At the newly renovated building owned by Brookfield
There is some construction activity in Downtown LA, Apartments are in high demand. There is a high demand and low supply of available assets for
sale.
lease signed by DigitalGlobe at 1300 W 120th Ave in the North Denver market; the 280,000 SF lease signed by Starz, LLC at the Starz Encore building in the Southeast Denver market. performance. There were 120 total transactions with a sales volume of $2,092,712,239 as compared to the $1,932,333,338 covering 97 transactions in 2012. Properties, 1801 California, 3 new leases with energy companies were signed resulting in a net absorption for the property of nearly 100,000 SF. market in general, the future looks very bright. Fueled by continued expansion of energy services, telecom, and technology, factors coupled with the perceived quality of life are driving Denvers commercial real estate. Redevelopment Program represented one of Denvers most profound and strategic civic investments in a generation. In its entirety, the project carries a price tag of about $2.6 billion.
OFFICE retail
industrial multi-family
With no NFL team in #2 market in the country, multiple

developers/investors are trying to bring NFL to their respective projects.
Looking over the horizon at Denvers CBD and the Denver
The Union Station transit center and DIAs South Terminal
OFFICE
Vacancy
retail
industrial
multi-family
n n p
n p n
n n p
1515 S. Sepulveda Blvd. Los Angeles, CA 90025 (310) 478-7700
n n p
Vacancy
q p p
q q n
q q p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial WESTMAC
CONTACT
999 18th Street, Suite 1350 Denver, CO 80202 (303) 238-7777
www.westmac.com
15
www.cbcalliance.com
CO - Denver County
CO - Western
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
DenverAurora, CO
8,369
2,578,383
1,001,550
67,727
1,140,976
5.80%
Grand Junction, CO
3,328
148,298
60,317
$47,409
54,564
6.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
There are big growth opportunities in Denver. Vacancy is decreasing because the economy is progressing. Fitzsimons project (new CU Medical center) has increased the
value and potential of that area.
Western Colorado continues to have slow recovery as the
energy related business is volatile. Growth areas continue to be Medical and Retail. Medical Center began the next phase of construction which will be a $40M economic impact to the region. businesses are getting started in the market and owners are price conscious. an ew 17,000 SF pain management and ambulatory surgery center that opened Q3 and redevelopment of a 47,280 SF family fun center. and increased average sale price.
Due to the lack of inventory in the Residential market,

investors are looking into Commercial properties
Vacancy rates, in general, are steady because new, small New construction includes: a 87,000 SF Medical facility;
Rents are increasing in all markets. Denver has highly educated individuals who bring companies
to this city.
Residential market is up slightly with increased transactions Energy related business remains volatile making for a low
absorption rate for Industrial properties.
Number of building permits are down significantly from 2012

for the total MSA including unincorporated Mesa County. 2013, 3,333 total new building permits were issued; in 2012 there were 5,186 permits issued, down 64%.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
n n n
q p p
p n q
q p n
p q q
p q q
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
8490 E Crescent Pkwy Greenwood Village, CO 80111 (303) 843-1600
CONTACT
Coldwell Banker Commercial Prime Properties, LLC
2646 Patterson Rd., Suite B Grand Junction, CO 81506 (970) 243-7375
16
www.grandjunctioncommercial.com
CT - Western
FL - Brevard County
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
BridgeportStamfordNorwalk, CT
626
904,874
336,733
$91,039
419,437
6.30%
Palm BayMelbourneTitusville, FL
1,018
536,805
225,977
$56,299
181,926
6.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Fairfield Countys Office market ended Q4 2013 with a vacancy
rate of 15.3%. The vacancy rate was up over the previous Qtr., with net absorption totaling negative (51,256) SF in Q4. That compares to negative (20,283) SF in Q3, negative (115,900) SF Q2 and a positive 36,274 SF Q1 2013. Q4, ending the qtr at 542,165 SF, from 814,274 SF at the end of Q3 2013. There was 841,779 SF vacant at the end of Q2 2013 and 841,466 SF at the end of Q12013. There was 173,403 SF still under construction at year end. previous Qtr. There was 173,403 SF still under construction at the end of the Qtr. Accounting Standards Board 70,936 SF at Merit 7, Sale of Hubbell world Headquarters to the University of New Haven 70,000 SF, Boehringer Pharmaceutical 327,000 SF at Matrix Center Danbury, Connecticut. building for Cervalis LLC with 100% preleased.
Missouri-based Bass Pro Shop opened its first Brevard store Embraer Aircraft will add 600 jobs for a new 250,000 SF
in Palm Bay in December 2013, adding 200 jobs to the area. The company purchased and renovated a 12.34-acre, 110,658 SF Retail building. luxury jet facility at Melbourne Intl Airport, and another 200 will be employed at the companys Engineering and Technology Center in late 2014, bringing the total to over 1,000 employees. center in Melbourne will bring 1,000 new jobs to the Space Coast. $151,149. It is up over 11% over Dec. 2012 prices, and the Dec 2013 average days on the market of 66 has dropped 20% over Dec 2012. national/international trade including the second busiest port in the world, a freight railway system and major interstate highways. taxes, robust transportation infrastructure, high-tech labor force, 73 degree average temp, and 72 miles of pristine beach.
OFFICE retail
Fairfield Countys vacant office sublease space decreased in
Rental rates ended Q4 at $33.73, an increase over the
Northrop Grummans new manned-aircraft engineering
Among significant movements in 2013 were: Financial
Brevards Dec. 2013 Residential market average sale price is Foreign Trade Zone 136 has a superior infrastructure for
The largest construction project underway is a 167,691 SF The average quoted asking rate is $33.73.
Space Coast Brevard offers pro-business incentives, low
OFFICE
Vacancy
retail
industrial
multi-family
p q n
p p p
n q p
77 Old Ridgefield Rd. Wilton, CT 06897 (203) 831-4187
N/A N/A N/A
Vacancy
p q p
q p q
n p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
Coldwell Banker Commercial Sun Land Realty of Florida
1920 Hwy A1A Indian Harbour Beach, FL 32937 (321) 777-7743 / (800) 940-1480
17
www.cbcsunlandrealty.com
FL - Daytona Beach/Ormond Beach
FL - Florida Keys
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Deltona Daytona Ormond Beach, FL
1,103
495,625
214,567
$47,500
146,482
6.00%
Key West, FL
997
73,047
32,553
$71,455
29,685
6.40%
MARKET HIGHLIGHTS
Daytona Beach Shores Oceanfront 210-room resort sold for

$39.5 million or $188,095 per door. $5 million of improvements. begins on beachside.
Hilton Garden Inn flags 110-room ocean front hotel with over Beachside shopping center sells for $21 million as activity One Daytona, Jacoby Group and International Speedway
Corp. are well underway with the permitting of 1.1 million SF of Mixed-Use Retail and entertainment center with the announcement of Bass Pro Shops, Cobb Theatres and many others. Daytona Beach International Airport continues to increase with larger seating capacity planes.
MARKET HIGHLIGHTS Hospitality continues to lead the way with monumental sales of hotels up and down the Florida Keys reaching new heights based on some of the highest Occupancy, Rev Par and ADRs in the U.S. These trends are fully expected to continue because of the existing moratoriums on new transient units.
Commercial vacancies are low because of inherent limits on
new commercial development which have been in place since the mid 1980s. Occupancy rates are high for similar reasons. in the Middle Keys while nearly that many are being built and renovated in Key West. Hyatt and Marriott are adding new units to the marketplace. inventories declined by over 10%, and average sales prices increased by 6% in 2013. Going forward, the impact of distressed sales will continue to decline as they only represent about 5% of the market. price to list price ratios are growing at the same time that prices are rising. Prices are expected to grow at a faster pace in 2014 than they did in 2013 for all sectors. Florida and the nation. Strict limits on development create significant barriers to new Commercial and Residential development.
OFFICE retail
Over 500 new hotel units are planned and under construction Residential sales increased by over 15% while listing
Resort bed tax continues to climb, and boarding capacity at Embry-Riddle Aeronautical University in Dayton Beach installs
largest university research telescope in the state of Florida.
The market has clearly changed to a sellers market. Sales The Florida Keys enjoy the lowest unemployment rate in
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p n
q p n
q p n
Vacancy
q q p
q q p
q q p
11100 Overseas Hwy. Marathon, FL 33050 (305) 743-5181
q q p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Benchmark
570 Memorial Circle Suite 300 Ormond Beach, FL 32174 (386) 672-8530
CONTACT
Coldwell Banker Commercial Schmitt Real Estate Company
www.benchmarkdaytona.com
18
FL - Gainesville
FL - Jacksonville
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Gainesville, FL
1,223
261,674
113,545
$45,060
87,322
5.70%
Jacksonville, FL
3,221
1,334,380
518,910
$60,216
551,254
5.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Retail leasing under 2,000 SF accounted for 60% of Retail Office leasing under 3,000 SF accounted for 78% of Office
transactions, and those under 1,000 SF and priced right are very hot. Retail sales were few and far between. leases with the 1,000-2,000 SF range leading the charge. Office sales picked up considerably with over 50% of all deals in the 1,000-2,000 SF range. of all Industrial leases with high activity in the 7,000-10,000 SF range. Industrial sales are still very slow but light years better than 2012. greatly, with sales under 50 acres accounting for 74% of all Land sales. occur over 50 units. Over 60% of the Multi-Family sales in the market are duplexes and quadriplexes. still rough: Industrial lease - 201 days; Industrial sales - 209 days; Retail lease - 593 days; Office lease - 298 days; Office sales - 140 days; Land - 431 days.
There are three large signature Office buildings currently on

the market for investors in Downtown Jacksonville: 30-story EverBank Center, 37-story Wells Fargo Center, and 42-story Bank of America Tower.
One of the largest Retail transactions that occurred within the
Industrial leasing from 1,000-3,000 SF accounted for 59% Agriculture, farm, and timberland sales have picked up
last four Qtrs in the Jacksonville market is the sale of Markets at Town Center in Jacksonville. This 330,518 SF Retail center sold for $135,007,000, or $408.47 per SF, at a 6.14% cap rate. the last four Qtrs in the Jacksonville Riverside market is the sale of Winn Dixie Warehouse in Jacksonville. This 1,214,572 SF building sold for $99,768,414, or $82.14 per SF, at a 7.00% cap rate. 1401 Riverplace LLC paid American Land Ventures $53.3 million ($180,678 per unit) for The Strand, a 295-unit, Class A, 28-story high-rise in the Southside market area at a 5.6% cap rate. develop a new liquefied natural gas plant in Jacksonville for TOTE Inc., the parent company of Sea Star Line. TOTE has issued a contract in excess of $350 million to build the worlds first LNG-powered container ships.
One of the largest Industrial transactions that occurred within
Multi-Family Sale in Jacksonville:
The Multi-Family market has recovered nicely but few sales Median days on the market. Times for each asset class are
Two natural gas companies will form a joint venture to
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p n
q p p
n n n
p q p
q p q
n q q
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial M.M. Parrish Realtors
7515 W. University Ave. Suite 201 Gainesville, FL 32607 (352) 264-3772
CONTACT
Coldwell Banker Commercial Benchmark
4348 Southpoint Blvd., Suite 310 Jacksonville, FL 32216 (904) 281-1990
www.mmparrish.com/commercial
19
www.cbcbenchmark.com
FL - Lakeland/Winter Haven MSA
FL - Melbourne/Palm Bay/Titusville
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Lakeland Winter Haven, FL
2,010
612,074
230,314
$41,582
248,100
6.80%
Palm BayMelbourneTitusville, FL
1,018
536,805
225,977
$56,299
181,926
6.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
1 M SF Amazon Warehouse is under construction on 112 acres

located on County Line RD south of I-4.
Northrop Grumman 200,000 SF Aircraft Design Center is

under construction at Melbourne International Airport, bringing over 1,000 new high paying jobs.
LEGOLand Florida starts construction on 152 room themed

hotel. New restaurants nearby include Golden Corral, Taco Bell, and McDonalds.
Retail, Office and Industrial vacancies have dropped due to

increase of jobs and new companies relocating to Brevard County. new mega 5,000 plus passenger ships.
NE Polk growth (I-4/US Hwy 27) continues; Polk County Tax Residential market is improving; time on market is down to
Collector regional office is under construction. Ernie Caldwell Boulevard extension is underway. WaWa is planning to build a new store. 110 days, prices are up over 15%. New construction SFR is up nearly 40% Warehouse occupancy is strong and new spec buildings are being planned.
Port Canaveral is constructing new terminals to handle the Residential market is up over 24% from last year.
DR. Horton broke ground on a new 1,200 unit subdivision in Palm Bay. college. Florida Institute of Technology continues to grow at a rapid pace and is now ranked as one of the best universities in the US. at the Space Center programs such as ORION deep space exploration. New space development companies continue to absorb NASA work force.
Brevard Community College has become a 4 year state
Lakeland CBD Office occupancy is up, but rents are still flat. Polk still lags Florida and nation in job growth. Nov 2013
The next generation of space exploration is being developed
employment is 8%, which is below the peak in 2007. County is planning more economic incentives to attract new business.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p q
q p n
q p p
q p n
q p p
q p n
232 Fifth Ave. Indialantic, FL 32903 (321) 723-9500
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Saunders Ralston Dantzler Realty
114 N Tennessee Ave. 3rd Floor Lakeland, FL 33801 (863) 877-2828
CONTACT
Coldwell Banker Commercial Paradise
www.srdcommercial.com
20
cbc.flcoldwellbanker.com
FL - Miami-Dade County
FL - Naples/Ft. Myers
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Miami-Fort LauderdalePompano Beach, FL
5,126
5,566,404
2,128,471
57,415
2,069,525
6.00%
NaplesMarco Island, FL
2,025
320,101
132,487
$76,515
115,960
5.40%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Vacancy rates are down; absorption and rental rates are up in

every category.
Hertz Rental Cars World headquarters is moving to SW

Florida.
Brickell City Center, with an estimated cost of $1.05 billion

and 5.4 million SF, is under construction. completion.
Vacancy is falling because business is getting much better and

there has been almost no new construction in the last 5 or 6 years.
Port of Miami dredging for Post-Panamex ships is nearing A high percentage of purchasing is being done by foreign allcash investors.
The market is just now showing some signs of life. The Residential market is rebounding, and new construction is
well under way.
118 condo towers have been proposed in the Miami area,

including 35 under construction. Downtown revitalization.
Residential construction is way up, and Commercial is just

starting to move up.
Whole Foods is under construction in the CBD, a sign of
Naples is the place to buy or lease. The market is near the
bottom of the worse depression ever but is starting to bounce back.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
q p p
801 Brickell Ave. Miami, FL 33131 (305) 632-0200
q p p
q p n
q p n
q p p
4851 North Tamiami Trail Naples, FL 34103 (239) 216-4949
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
www.cbcalliance.com
21
FL - Orange City/Debary
FL - Orlando MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
1,103
495,625
214,567
$47,500
146,482
6.00%
OrlandoKissimmee, FL
3,491
2,093,845
799,047
$53,425
956,766
5.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Florida Hospital Fish Memorial to build a two-story outcare

patient center in Deltona.
Orlando is ranked #1 Commercial market in U.S. The CBC
ManpowerGroup just released its Employment Outlook survey

stating that the No. 1 spot for companies looking to hire in Q1 2014 is the Deltona, FL metropolitan region, which includes Daytona Beach and Ormond Beach on the states east coast.
market comparison report showed Orlando as the only market to rank among the top 10 in the percent change of vacancy and rental rates in each sector. It also is the only market to rank among the top 10 in population and employment growth. million visitors in 2013 generating $50 billion in economic impact. and $7.6 billion in economic impact by 2017.
Orlando remains #1 tourist destination with a record 56
Commercial construction building permits exceeded

to an amount of $325,000,000.
$242,000,000 in Volusia County for 2014, the most since 2008.
New home permits rose the most since 2007 in Volusia County Volusia County is transforming from a bedroom community to
a thriving region attracting new business. retire.
Lake Nona Medical City is expected to create 30,000 jobs Orlando International Airport is preparing for a $1.1 billion
expansion to host 45 million visitors by 2020. Volusia County to Osceola County.
AARP named Volusia County as one of the top ten places to
SunRail will begin service this year, running 61 miles from Dr. Phillips Center for the Performing Arts opens this fall as
does a new 18,000 seat soccer stadium that will be home to Orlandos new MLS franchise.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
n n n
q p p
q p p
q p p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial AI Group
1019 Town Center Dr. Suite 200 Orange City, FL 32763 (386) 775-8633
CONTACT
901 N Lake Destiny Dr., Suite 110 Maitland, FL 32751 (407) 539-1000
www.cbcaigroup.com
22
FL - Port Orange/New Smyrna Beach
FL - Port St Lucie
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
1,103
495,625
214,567
47,500
146,482
6.00%
5,126
5,566,404
2,128,471
$57,415
2,069,525
6.00%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
The City of Port Orange saw significant growth over 2013, with
Bjs, Starbucks, Chipolte, and LA Fitness, which is now going vertical. Out-parcels of established shopping centers are now beginning to develop as well. dollar investment by LIV Development out of Birmingham AL. develop, with 7-Eleven taking the corner, and further Outparcels being planned. and SR-44/I-95. Seeing a direct benefit from the Citys expedited development permitting. of new shops, a microbrewery, and The Hub. New Smyrna Beach Airport.
The Palm Beach Office market vacancy rate declined to 23.2%.

Retail also declined by 3.7%.
The area is seeing an increase in service related businesses
The White Palms apartment is well underway, a $30 Million
with the housing recovery along with more manufacturing companies relocated and expanding. Conditions are expected to continue to improve. Security for 72,235 SF and Boston Proper/Chicos for 65,000 SF. SF absorbed, in comparison to negative (829,769) SF in Q3 2013. may be affecting offerings on multifamily investments. was a re-development featuring 80-100 outlet stores.
The Intersection of Reed Canal and Clyde Morris has begun to New Smyrna continues to see development, both Downtown Vacancies in Downtown Daytona Beach are down, with a slew Manufacturing businesses have even shined some light on the
Largest leases were signed in Boca Raton by Tyco Integrated The Retail market was strong in Q4 2013 with positive 798,552 Buyers are keeping a close eye on interest rates, and it soon Palm Beach Outlet Mall had a grand opening in Feb. 2014. It
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p n
q p n
q p n
q p n
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Coast Realty
5535 S Williamson Blvd. Suite 724 Port Orange, FL 32128 (386) 763-3323
CONTACT
1800 NW Corporate Blvd. Suite 100 Boca Raton, FL 33431 (561) 479-5963
www.cbccr.com
23
FL - St Lucie County
FL - Sarasota/Manatee/Charlotte
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Port St. Lucie, FL
1,128
407,361
169,340
$53,266
117,662
7.20%
SarasotaBradentonVenice, FL
1,313
689,676
311,173
$58,236
230,801
5.70%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
South Florida Investors are coming back strong to the area! Southern St. Lucie County is poised for the next boom. Major
infrastructure is in place.
Matter Brothers Furniture Store has purchased 100,000 SF in
Residential construction is rebounding.

increasing 10 - 15% per year. Residential parcels. Rise sites.
Home prices are
the Parker Hannifan Building at 4675 Clark Rd. This building had been on the market for seven years, and Coldwell Banker NRT agents Jon Kleiber and Terry Eastman handled the transaction.
Land investors are back in the market, especially for There is huge interest in the few remaining Oceanfront High Loss of Digital Domain Film Studio was a set back for Port St.
Lucie. However, the new Bass Pro Shop is doing very well.
Industrial sales have increased dramatically. Private funds are the most prominent buyers of commercial
real estate.
Overall vacancy rates have decreased. The I-75 corridor has the lowest vacancies for all types of
commercial real estate.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n n
q p n
q p n
411 N. U.S. Hwy. 1 Fort Pierce, FL 34950 (772) 461-3250
p p n
q p n
q p p
q p p
1800 2nd St., Suite 104 Sarasota, FL 34236 (941) 925-8586
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Paradise Hoyt Murphy, Realtors
CONTACT
24
FL - South Florida
FL - Southeast
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
5,126
5,566,404
2,128,471
$57,415
2,069,525
6.00%
5,126
5,566,404
2,128,471
57,415
2,069,525
6.00%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Multi-Family prices appear to be peaking.
This is the most sought after market in the State of Florida. Joes and Lord & Taylor open stores in south Florida. price per SF has averaged $63.00.
Tradition Center for Innovation has blossomed at Exit 118
Retail activity is thriving, as Walmart, Whole Foods, Trader Industrial sales activity is up. Cap rates have been lower, and Palm Beach County Office market vacancy rate declined to Largest Office leases were signed in Boca Raton by Tyco
23.2%. Average direct lease rate remained stable at $17.00 per SF. There are no new Office projects underway in Palm Beach County. Integrated Security for 72,235 and Boston Proper/Chicos for 65,000 SF.
of I-95 in St Lucie West. Martin Memorials newest medical center is open for business. Other occupants of the Center are Torrey Pines Institute for Molecular Studies and Vaccine and Gene Therapy Institute. St Lucie West last year and is expecting their first building permits next month. SF office building. The developers are planning 10,000 SF of small retail service units, including a restaurant and a community theatre. Larger office buildings and 350 upscale apartments shall follow in 2015. of Tradition. Buyers have begun to seek out Office and Retail locations to begin new businesses. Rents are still much lower than 2005, but inventory is dwindling. The market had nearly 500,000 SF of vacant flex space in St Lucie Westand absorbed. Some of the new buildings went to foreclosure, and new owners are offering space at approximately half of former rents.
CenterStar Development from NJ purchased 15 acres in
The market is currently in the preleasing stage for a 20,000
Several builders are showcasing new communities in the town
Vacancy rates are falling in Retail, Office and Warehouse. Gatlin Blvd will be the most heavily travelled road in Port St
Lucie by 2020.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
q p p
q p p
q
N/A N/A
q
N/A N/A
q
N/A N/A
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
1800 NW Corporate Blvd. Suite 100 Boca Raton, FL 33431 (561) 367-4111
CONTACT
1973 SW Savage Blvd Port St Lucie, FL 34953 (772) 359-3242
25
FL - Tallahassee
FL - Tampa Bay
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Tallahassee, FL
2,387
361,765
154,494
$47,364
111,973
5.30%
Tampa- St. PetersburgClearwater, FL
2,554
2,757,566
1,166,605
$49,596
1,059,081
5.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Four major new tenants opened stores in Q4 of 2013: Whole

Foods, Trader Joes, Dicks Sporting Goods and Bass Pro Shops. Office market.
Amazon.com selected two sites in the Tampa Bay area for The Tampa Bay economy continues to expand, and both
Vacancy rates are decreasing in all asset classes except the New construction is still brisk in student Multi-Family. Tallahassee Memorial hospital completed a new Emergency
Center in NE Tallahassee.
large fulfillment centers. Combined, they are expected to employ 1,400 permanent employees and considerably more during peak times. Hillsborough and Pinellas counties saw their jobless rates fall to 5.7 percent at the end of 2013, two full points less than 12 months prior. America (Panama City, Panama) from Tampa International Airport. The move opens doors for increased business opportunities throughout Central and South America. services provider, plans to create up to 1,023 new jobs by 2018 and will develop a 96,689 SF facility in eastern Hillsborough County. Capability Center in Hillsborough County in 2014, creating up to 579 jobs and $21.2 million in capital investment. sectors like Construction and Hospitality. Pinellas County had another record-setting year for tourism. Clearly, the local economy has gained its footing.
OFFICE retail
Residential sales were up 24% in 2013.
Copa Airlines began the first-ever direct flights to Latin
Average sale price improved over 2012 from $188,619 to $193,198 in 2013. 2013. Construction of Cascades Park is well underway near downtown. 5.3%.
Sales of commercial buildings were up considerably in
Tampa-based HealthPlan Services, a leading administrative Bristol-Myers Squibb will open a 70,000 SF North American
The Tallahassee MSA unemployment rate is now down to
The broad base of job growth is quite promising, including key
OFFICE
Vacancy
retail
industrial
multi-family
n n n
q p p
q p n
3303 Thomasville Rd. Tallahassee, FL 32308 (850) 386-6160
p n q
Vacancy
q p p
q p p
q p n
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Hartung & Noblin, Inc.
CONTACT
5010 W Kennedy Blvd., 2nd FL Tampa, FL 33609 (813) 286-2964
26
FL - Vero Beach
GA - Athens
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
SebastianVero Beach, FL
503
135,534
59,807
62,271
43,595
7.10%
AthensClarke County, GA
1,031
193,495
77,486
$40,278
60,760
5.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
New Publix Center opened on Indian River Blvd and 53rd St. Most REOs have been liquidated by lenders. Lots of activity in approved single family development sites. Office space is being absorbed by users. Unemployment rate is declining. Apartment vacancy is low.
The Athens area is experiencing tremendous growth in the
Medical Office sector with several hundred thousand SF of space being constructed or slated to be developed in the next 18 months. and has just leased one of the few remaining spaces to Best Buy as Oconee County continues to show incredible growth. expected to be complete late summer.
The 444,000 SF, $76 million Epps Bridge Centre is complete On the north side of Athens, the 150,000 SF Kroger center is
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p n
q p q
1950 US Hwy 1 Vero Beach, FL 32960 (772) 567-1181
q p p
n n n
p q q
q p n
p q n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Ed Schlitt, Realtors
CONTACT
Coldwell Banker Commercial Upchurch Realty
2405 W. Broad St. Suite 150 Athens, GA 30606 (706) 354-7870
27
www.upchurchrealtycommercial.com
GA - Atlanta MSA
GA - Atlanta, Greater MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
AtlantaSandy SpringsMarietta, GA
8,376
5,521,582
2,028,400
$60,590
2,223,339
6.80%
8,376
5,521,582
2,028,400
60,590
2,223,339
6.80%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
In Q4 2013, State Farm Insurance occupied 476,692 SF of

Office space in the N Fulton/Forsyth County Submarket.
Atlanta Braves will get a new stadium for the 2017 season at The Atlanta Apartment market has been slow except for
The Atlanta Office market ended Q4 2013 with a vacancy rate

of 17.7%. This rate represents a decrease from the previous Qtr rate of 18.2%.
the cost of $672 million. The location will be in suburbia Cobb County (Cumberland Area) north of Atlanta. the Vinings area and the high end communities inside the Perimeter (Interstate 285). Home Depot in the south Atlanta market by
During Q4 2013, offices were constructed including Cox
Communications at 578,000 SF and Ponce City Market at 487,034 SF. Currently there is 2,002,654 SF of new Office projects under construction (12 buildings), an increase from this same time last year. was reported. Leasing activity was over 3.2 million SF for the fourth Qtr, up from the previous Qtr. PSF represented a $0.24 PSF increase in rental rates from the end of the previous Qtr, when rents were $19.37 PSF. boasts a population of more than 5.5 million, making it the 9th largest MSA in the US. It covers 8,376 square miles with 146 cities.
Largest Industrial lease in 2013 was 1,118,538 SF signed Atlantas Office vacancy decreased to 15.0%. Atlanta Retail vacancy decreased to 9.2%
At the close of Q4, an overall net absorption of 1,175,006 SF
Cap rates are lower in 2013, averaging 7.9%. 2012 averaged 8.68%. Activity is strongest in the Atlanta sub-markets. Total sales for 2013 were up and over a billion dollars. Cap rates are up to almost 9% from 8.5%.
The current overall quoted Atlanta Office rental rate of $19.61 The Atlanta 28-County Metropolitan Statistical Area currently
Activity is up, and the area remains cautiously optimistic.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p q
q p p
q p q
q p p
q p q
q p p
37 Johnson Ferry Rd Marietta, GA 30068 (404) 705-1590
q p q
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Metro Brokers
3575 Piedmont Rd NE Building 15 Suite 950 Atlanta, GA 30305 (678) 320-4800
CONTACT
www.cbcmetrobrokers.com
28
GA - Macon, Bibb County
GA - Peachtree City
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Macon, GA
1,725
232,119
89,721
$47,145
83,398
7.60%
8,376
5,521,582
2,028,400
60,590
2,223,339
6.80%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Georgias first Charter School is slated to move into the As the exports increase at the Georgia Port, large
former GE Monogram Retail Services Building with 300,000 SF of space on 70 acres. manufacturing and distribution space is rapidly being occupied to support the effort. central Georgia makes it the largest healing center in the south. mission, and because of that, single family residential is on the rise. development in the area with over one thousand units coming on-line this spring. it is also home to the Allman Brothers Band.
Industrial and Office markets remain relatively flat with little

new development.
Good professional Office space options are available with an

average of 14,300 SF in a primary office park. growth for small business segment.
Vacancy is flat or slightly rising with challenging economic World class Pinewood Studios opened in January 14 and will
fuel significant growth in the market. development.
The Luce Heart Center addition to the Medical Center of
The Robins Air Force Base near Macon is still growing its Multi-Family development is the most visible new
Overall, economic depression remains a drag on new
Macon Georgia is home to the mound-builder native Indians.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q q
p q q
q p p
990 riverside drive Macon, GA 31201 (478) 746-8171
q p p
n n n
N/A N/A N/A
p q n
201 Prime Point Peachtree City, GA 30269 (770) 632-1774
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Eberhardt and Barry
CONTACT
Coldwell Banker Commercial Bullard
www.coldwellbankercommercialeb.com
29
www.cbcbullard.net
GA - Savannah
HI - Honolulu
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Savannah, GA
1,359
361,941
130,609
$55,567
129,296
6.70%
Honolulu, HI
600
910,677
311,782
$67,192
365,718
3.80%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Georgia Ports Authority (GPA) is the 4th largest container and

fastest growing U.S. container Port. GPA is the 2nd busiest export facility in the U.S. achieving 8% growth in Fiscal Year 2014 and moving 14.36 Million tons of cargo, up from 13.3 Million tons over previous Fiscal Year. facility; phase I employs 150 with phase II plans to mirror existing infrastructure.
Hawaiis economy remains healthy with unemployment at

3.8%.
General Growth Properties broke ground on its Ala Moana
Nordic Cold Storage blasts into Savannah opening a $30M Gulfstream Aerospace continues to announce growth in both Tourism welcomed 12 million visitors; direct spending Ben Carter Properties and Tanger Outlets announced/
shopping center expansion, adding 340,000 GLA at a projected cost of $573 million dollars. for its new $350 million dollar regional shopping center Ka Makana Alii.
DeBartolo Development initiates its ground breaking blessing
Savannah and Brunswick facilities. It presently has exceeded the projected 2,500 employee increase, originally planned over 5 years. increased by $160M over the previous year. Three new Hospitality sites broke ground in 2013 and are due to be completed in Q1 2014. broke ground to develop 560,000 SF of high end Retail and restaurants at the SW quadrant of I-95 and Pooler Parkway, which also connects to I-16. Projected opening is Fall 2014. The site can accommodate an additional 560,000 SF of stores and restaurants. and 2 of the largest ones announced expansion plans in 2013.
OFFICE retail
Health care services remain strong with 3 hospitals in area q p p q p p

128 Habersham St. Savannah, GA 31401 (888) 232-7120
OFFICE
Vacancy
retail
industrial
multi-family
Vacancy
N/A N/A N/A
q p n
q p p
q p p
q p p
737 Bishop St. Suite 2000 Honolulu, HI 96813 (808) 526-0896
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Platinum Partners
CONTACT
www.cbcplatinum.com
30
www.cbcpacific.com
ID - Kootenai County
IL - Bloomington/Normal
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Coeur dAlene, ID
1,245
140,628
53,154
50,618
49,226
6.70%
BloomingtonNormal, IL
1,184
168,918
70,687
$59,825
69,980
7.10%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Spring Hill Suites by Marriott and a Winco completed

construction and opened in the spring of 2013.
Overall, markets were steady through 2013 in major sectors.

Recovery with uncertainty is present.
Vacancy has fallen, but not dramatically. Rental rates remain

stable, but with the amount of inventory, they will rise as vacancy continues to decrease.
Local housing market is up 15%. Retail: Upbeat through Q3 and Q4.

vacancy. vacancy. vacancy.
Rates are level, with 10%
There were pockets of new construction.
Most was in the Medical Office sector or in very specific areas. with higher median price, lowered days on market, and new construction on the rise. secondary markets are looking for higher returns, and the market is seeing the return of investors.
Office: Strong start then activity leveled off, settling at 15% Industrial: Slow sector with few transactions and 20% There are few quality investment property opportunities.
Apartment vacancies up.
The Residential market showed significant improvements Investors and companies from primary markets and
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q
N/A
q
N/A
q
N/A
p
N/A
q p n
q p n
n n n
802 S. Eldorado Rd. Bloomington, IL 61704 (309) 662-3377
p q n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Schneidmiller Realty
2000 Northwest Blvd. Suite 200 Coeur dAlene, ID 83814 (208) 664-1461
CONTACT
Coldwell Banker Commercial Heart of America Realtors
www.cbcsr.com
31
www.cbhoacommercial.com
IL - Champaign/Urbana
IL - Chicagoland
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
ChampaignUrbana, IL
1,923
227,494
97,325
$47,851
80,156
8.30%
Chicago Naperville Joliet, ILIN- WI
7,212
9,617,804
3,484,370
$66,775
4,186,171
8.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Interest in Retail redevelopment along the South Neil Street
corridor is spurring new activity in several sites including the 17 acre Carriage Center site and the 10 acre WDWS site at Neil & Windsor. to lease a new office being built-to-suit in the University of Illinois Research Park. Campustown.
The Chicago Office market continued to improve. There was
Yahoo! has been granted incentives by the City of Champaign Several new student housing developments are underway in The City of Champaign has granted incentives to a developer Work has begun at the University of Illinois State Farm
to help renovate and back-fill one of the last remaining vacant big box spaces. Center. The multi-phase project is expected to cost $160 million to upgrade the 50 year old sport and entertainment venue.
2.6 million SF of positive absorption in 2013, and the vacancy rate dropped to 14.3%. Three of the largest leases signed were Go Go, Inc. for 234,000 SF, Zebra Technologies for 233,000 SF and McDermott Will and Emery for 232,000 SF. with over 14M SF of positive absorption. Retail had positive absorption for the year; however, in the 4th Qtr absorption was negative 3.5M SF. The negative absorption was due to Dominicks Foods closing in Chicago and vacating 4.5 M SF. with another 1.6M SF under construction. 840,000 SF of Office space was built in 2013 with another 1.5M SF under construction. 3.2M SF of Industrial space was built in 2013 with another 5M SF under construction. demand than there is supply of single family homes and prices are rising. The Apartment market continues to be strong but rents have leveled off due to a large supply of new product having been delivered to the market. There is more new construction to meet demand, property values continue to increase and cap rates are decreasing for most property types.
OFFICE retail
industrial
The vacancy rate for Industrial properties dropped to 8.7%
There was 2.3M SF of new Retail space built in 2013
The residential market continues to improve. There is more
All commercial property types continue to show improvement.
OFFICE
Vacancy
retail
industrial
multi-family
multi-family
n n q
q p n
n n n
q p p
Vacancy
q p p
q p p
q p p
2215 Sanders Rd. Northbrook, IL 60062 (847) 313-6500
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Devonshire Realty
201 W. Springfield 11th Floor Champaign, IL 61820 (217) 352-7712
CONTACT
www.cbcdr.com
32
www.cbcnrtchicago.com
IL - DuPage County
IL - Tazewell County
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Chicago Naperville Joliet, ILIN- WI
7,212
9,617,804
3,484,370
$66,775
4,186,171
8.20%
Peoria, IL
2,470
377,630
153,377
60,133
157,932
9.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Data centers are pushing demand in urban corridors. Vacancy remains low for Multi-Family. Assisted Living Centers are making a comeback. New Luxury Apartments continue to break ground. Vacant Retail Centers are showing gains with new tenants. Restaurant that serve steak, seafood and craft beer are seeing
the most growth.
Industrial and Distribution continues to be strong in the region

with the I-55/I-74 corridor providing ample shipping and receiving traffic.
As Industrial stays steady, independent Medical continues to
decline as individuals and small groups recede back into large Hospital groups. Class A Office has experienced growth as has Retail in both the downtown and north Peoria District. County with a 100,000 SF facility built-to-suit. National Retailers and Restaurant have signed heavily in the East Peoria sector. Morton, IL is reviewing its first PUD, and Peoria has landed several new national retailers. Forecasts for 2014 are positive.
Monsanto Companies expanded a second location in Tazewell
Residential inventory reduced and prices increased. A Louisville Slugger 120,000 SF indoor baseball facility
proposed for North Peoria could bring a substantial amount of business into the area, potentially catalyzing Retail and Restaurant growth for the region. major hospitals and a fresh Warehouse district, the Central Illinois market is well positioned for a strong rebound.
As the home of Caterpillar headquarters, alongside three
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p q
q p n
q p p
q p p
n q n
q q n
q q p
113 N. Main St. Morton, IL 61550 (309) 263-7400
q q p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
1225 W. 22nd St. Suite 130 Oak Brook, IL 60523 (630) 954-4600
CONTACT
Coldwell Banker Commercial Honig-Bell
www.cbcnrtchicago.com
33
www.cbchb.com
IN - Indianapolis
KS - Garden City
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Indianapolis, IN
3,863
1,755,394
690,844
$60,003
787,836
5.80%
Garden City, KS
1,302
42,609
13,697
$43,008
13,558
4.30%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Office vacancies decreased slightly through Q3 and Q4 of
2013, down to 9.0%, with most of the occupancy growth in the suburbs. new space in the second half of 2013. The net absorption rate increased to offset the new space and keep the overall vacancy rate essentially unchanged at 6.8%. increased slightly while overall vacancy rates essentially were unchanged at 7.4%. more than 2,600 units under construction. 1,900 units are expected to come into the market in 2014, but vacancy rates are not forecasted to be affected by the new supply. Downtown vacancy rates are at a 12-year low of 3.5%.
The Industrial market saw the completion of 795,000 SF of The Retail sector is continuing to strengthen. Rental rates Multi-Family continues its growth in central Indiana with
Shopping center construction is underway. This market is aggressive in all property sectors. More Apartment construction is needed. Available properties are low in number and need major
development.
The market is agricultural based and strong, along with

having a strong Retail market KS.
This market is the Retail and oil and gas center of Southwest
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
n p n
q p p
q p p
q p p
q p n
1135 College Dr. Suite E Garden City, KS 67846 (620) 275-7421
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Realty Services
8888 Keystone Crossing Suite 120 Indianapolis, IN 46240 (317) 249-9000
CONTACT
Coldwell Banker Commercial The Real Estate Shoppe, Inc.
www.cbcrs.com
34
KS - Kansas City Metro Area
KY - Louisville Metro
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Kansas City, MO-KS
7,857
2,076,653
819,900
$60,301
914,989
5.40%
Louisville Jefferson County, KY-IN
4,135
1,263,217
506,857
$54,741
549,941
6.80%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Private employment is up with the highest growth of 7.15 in

Leisure and Hospitality. restaurants.
Louisville employment continues its upswing, driven by
60% of the Retail growth for next year is expected to be for Apartment construction is expected to be the most since 2001. Several Retail projects have been slowed by the economy and
are not under construction. growth. Metro.
investment (Ford: $1.2 billion; GE: $800 million) and jobs created by UPS National Airhub, YUM! brands, medical industry (Humana and University of Louisville Nucleus Innovation Park) and Amazon.com. Forbes rates Louisville housing extremely high for stability. employment gains. Occupancy is high, and rents are up. Investment interest is high, with demand exceeding supply in desired product, whether A, B or C property, stable or valueadd. Cap rates are much higher than the west or east coast. rebounds. In 2013, Cabelas, Nordstrom Rack, H & M, and a new Cinemark Theatre opened.
Louisville Multi-Family remains strong, benefiting from
Cerner continues to be a major player in the Kansas City area Residential projects are now returning to all areas of the
Louisville Retail continues to recover as the national economy Louisville Industrial is leading the recovery with net
absorption of more than 2 million SF in 2013. Ecommerce distribution, shipping of temperature-sensitive pharmaceuticals, and supplying the two Ford plants have helped drive vacancy below 6%. Developers are building spec buildings. improve, but occupancy is uneven; for Class A, 9.3% in the suburbs, and 14.7% downtown. Class B is 14.6% overall.
Louisville Office market has stabilized and has begun to
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n p p
q p p
q p p
10985 Cody, Suite 220 Overland Park, KS 66210 (913) 782-9000
q p p
q p p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Fishman & Company
CONTACT
Coldwell Banker Commercial McMahan Co.
10600 Timberwood Circle Suite 7 Louisville, KY 40223 (502) 425-8800
www.cbcfishman.com
35
KY - Paducah/McCracken County
KY - Southern
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Paducah, KY-IL
1,057
98,841
42,059
45,006
48,915
8.10%
Bowling Green, KY
848
121,646
50,840
$46,805
50,727
6.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
General Electric as Global Laser Enrichment have committed

to over $1 billion investment to create a state-of-the-art Laser Enrichment Technology at the local DOE site, creating thousands of construction jobs and hundreds of permanent jobs. extrusion manufacturing company creating 150 jobs. new customer service call center.
New Dicks Sporting Goods, Kirklands and Pet Smart opening

adjacent to Home Depot and Meijers. in South Central Kentucky. Green.
German-based Bilstein Group to establish a production plant Hyatt Place opening new property in downtown Bowling National Corvette Museum $20,000,000 Dual Motor Sports
Track to open in August 2014. economy.
Whitehall Industries is slated to develop an aluminum Colorado based Tele Tech Holdings announced 450 jobs in Ohio River Triple Rail megasite was announced. Macco Organiques announced expansion into Paducah market
with pharmaceuticals
Residential new construction is on the rise with thriving local Residential sales are up which is causing prices to rise.
Overall Retail and Office space are flat.
Industrial is active. Multi-Family has activity with new construction.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n q
n n p
q p n
3906 Hinkleville Rd. Paducah, KY 42001 (270) 444-7444
q p q
q p p
q p p
n n n
p q n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Purchase Realty Group
CONTACT
Coldwell Banker Commercial Legacy Real Estate Group
2435 Fitzgerald Industral Dr. Suite 102 Bowling Green, KY 42104 (270) 781-3844
www.cbcpaducah.com
36
www.cbclegacy.com
LA - Acadiana
LA - New Orleans
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Lafayette, LA
1,010
264,966
101,487
$54,248
139,997
3.30%
New OrleansMetairieKenner, LA
3,153
1,230,886
469,474
$58,413
458,428
4.70%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
The commercial real estate market ended 2013 much like it

began, on an upswing and another record setting year.
International Shipholding Corporation returning to New
Industrial sector still leads the way with very little existing
Orleans after relocating to Mobile, AL for eight years following Hurricane Katrina. twenty year high and fueling an increase in rental rates and occupancy rates in Multi-Family, Office and Retail segments of Orleans Parish. center, opened late last year with more than 90% occupancy and is located near the 424 bed teaching hospital currently under construction. years.
inventory, and Industrial developments have more pre-sold build projects. Builders are still confident with speculative builds. prior to being exposed to the market. New developments are being planned for 2014 with some currently under construction.
Mixed-Use developments in the New Orleans CBD are at a Mid-City Market, a regional grocery anchored shopping
Both existing Hospitality and Multi-Family are typically sold Retail and Office sectors have both remained stable and
continue to absorb existing inventory because of lack of new product available. previous record, and the market has not suffered from price reductions during the previous 5 years.
Residential inventory is experiencing the lowest supply in 15 Port is expanding closer to the mouth of the Mississippi River
with plans to provide expanded Bulk Cargo services further downstream. $826 Million terminal at the north end of its air field.
Residential sales in 2013 were $100 million dollars above the The market will continue to be driven by the oil and gas
industry along with a strong medical base. The tourist industry in South Louisiana has always been strong, and over the years many of those visitors have chosen to live here because of the quality of life.
New Orleans International Airport is building a world class
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
q p p
806 E St.Mary Blvd. Lafayette, LA 70503 (337) 233-9541
q p n
q p n
n p n
q p p
701 Loyola Ave. Suite 401 New Orleans, LA 70150 (504) 566-1777
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Pelican Real Estate
CONTACT
Coldwell Banker Commercial TEC Realtors
www.cbcpelican.com
37
www.cbctec.com
ME - Midcoast
MN - Mankato
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Rockland, ME
366
40,753
23,744
$52,132
15,971
6.10%
MankatoNorth Mankato, MN
1,205
93,650
39,391
$51,381
49,122
3.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Retail development is on the rise with the recent opening of a

Super Wal-Mart and Tractor Supply. be less than 2.5%. planned for 2014.
New construction for Multi-family developments continues to

be strong.
Vacancy rates for Retail and Industrial properties continue to There are four medium Retail and Industrial projects being Residential sales of existing homes are up 3%. Expecting to see continued migration of businesses and
people into the area over the next year or two.
Warehouse space is in high demand in the Industrial market. Mixed-Use space downtown has been redeveloped. There is a steady demand for student housing as university
enrollment increases.
National retailers continue to show interest in the area.
Midcoast Maine continues to draw media attention due to the

nationally known festivals, lifestyle and oceanfront location.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n q
q p n
q p p
147 Park St. Rockland, ME 04841 (207) 596-7478
n p p
n n p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial SoundVest Properties
CONTACT
Coldwell Banker Commercial Fisher Group
1961 Premier Drive, Ste. 404 Mankato, MN 56001 (507) 625-4715
www.soundvest.com
38
www.cbcfishergroup.com
MN - Minneapolis Metro
MS - Gulfport/Biloxi
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
MinneapolisSt. PaulBloomington, MN-WI
6,063
3,286,547
1,267,913
$71,301
1,695,892
4.30%
GulfportBiloxi, MS
1,503
240,010
94,854
$53,669
86,844
6.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Downtown West: Mayo Clinic, Minnesota Timberwolves and
Minnesota Lynx announced partnership that will revive Block E in downtown Minneapolis. Plans for a sports medicine and practice facility will cover nearly half of $50 million needed to revive the 213,000 SF Block E building in downtown. purchase from developer Ryan Cos. a pair of 18-story Office towers, totaling 1.1 million SF, as part of the planned $400 million Downtown East development near the new Vikings stadium in Minneapolis. constructed, 1,003 Units absorbed - and rents continue to rise. Vacancy rates across the metro fell slightly to 2.5 percent from 2.7 percent last year. Warehouse buildings totaling 470,000 SF in Shakopee and Savage for $32.5 million.
Downtown East: Wells Fargo & Co. signed an agreement to
New Minor League Baseball stadium broke ground. Expansion of many casinos. New Casinos have been approved. New Commercial construction is on the rise.
Apartment: Demand is high Q4 2013 saw 1,315 Units
Investment: An affiliate of JP Morgan purchased 3 Industrial Office Renovation: TransWestern purchased 276,000 SF
Minnesota Center in Bloomington. Significant capital will be invested to increase the propertys occupancy above 75%.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q q n
q q p
q p p
n n p
n n n
q p n
q p n
625 Courthouse Rd. Gulfport, MS 39507 (228) 596-4471
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Griffin Companies
1221 Nicollet Ave. S. Suite 300 Minneapolis, MN 55403 (612) 904-7833
CONTACT
Coldwell Banker Commercial Alfonso Realty, LLC
www.cbcgriffin.com
39
MO - St. Joseph
NE - Lincoln
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
St. Joseph, MO-KS
1,661
127,090
51,821
$44,333
48,146
4.80%
Lincoln, NE
1,414
299,958
126,751
$55,280
142,514
3.10%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
St. Joseph is located just 35 minutes north of the Kansas City
International Airport with access to I-29, a major north-south Interstate Highway, providing a corridor between Mexico and Canada and US Hwy 36, a major east-west route thru Northern Missouri. Industry with 5 of the major companies located here. building a 260,000 SF distribution center.
The new arena is bringing concert goers and basketball fans

to downtown Lincoln.
This market is located in the heart of the Life Sciences Boehringer Ingelheim Vetmedica is still expanding and The new Eastowne Business Park is complete and offering Rosecrans Memorial Airport, which serves civilian and
excellent Industrial building sites. A 50,000 SF shell building was completed and is available for immediate occupancy. military needs, is located 3 miles west of the city. It boasts ILS and GPS approach runways and provides capacity for any size aircraft. Burlington Northern-Santa Fe Railway to provide direct access to all parts of North America.
42 new restaurants were opened in 2013. 46% of the new restaurants opened in 2013 were national
chains.
Residential sector needs more development to keep up with

growth demands.
Major intersections and areas are being redeveloped for

higher paying tenants.
IBM purchased Kenexa, bolstering Lincolns employment.
St. Joseph is served by the Union Pacific Railway and the
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p q
q p n
q p q
2700 N. Belt Hwy. St. Joseph, MO 64506 (816) 364-2700
q p p
q p p
q p n
q p n
620 N 48th St. Suite 101 Lincoln, NE 68504 (402) 421-7700
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial General Properties
CONTACT
Coldwell Banker Commercial Thompson Realty Group
www.cbcstjoseph.com
40
www.cbcthompson.com
NV - Reno/Sparks MSA
NJ - Central New Jersey
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
RenoSparks, NV
6,606
420,676
164,527
$61,308
208,488
8.40%
NY- Northern NJ- Long Island
6,726
19,124,092
7,086,346
$65,253
7,711,074
6.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
New Industrial 500,000 SF plus projects are underway in

North Valleys and Tahoe Reno Industrial Center. and Raising Cain entered the market.
Valeant Pharmaceuticals International Inc. leased 310,000 SF

in Bridgewater.
Hobby Lobby, Cheesecake Factory, Floor & Dcor, Chipotle
The Office sector saw the vacancy rate drop almost a full
point in Central NJ. A major factor was pharma and medical companies taking spaces. to 65,000.
The majority of new construction is Retail ranging from 6,000 The Central NJ market is starting to see more activity.
There are a lot of larger medical users entering into the market as well as the return of the small start-up user.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p n
q p p
q p p
q p q
q p n
q q p
p q p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Clay & Associates, Inc
5011 Meadowood Circle Suite 301 Reno, NV 89502 (775) 829-5900
CONTACT
Coldwell Banker Commercial Feist & Feist Realty Corp.
180 Mount Airy Rd., Suite 200 Basking Ridge, NJ 07920 (908) 696-1500
www.cbcreno.com
41
www.feistandfeist.com
NJ - Morris County
NJ - Northern
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
6,726
19,124,092
7,086,346
$65,253
7,711,074
6.60%
6,726
19,124,092
7,086,346
$65,253
7,711,074
6.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
With so many telecommuters and such a high vacancy level New construction is not popular. There are many existing
buildings that can be purchased for a fraction of the construction costs of a new building. sell their homes at todays market prices.
of Class A Office space, there are quite a few good deals out there.
Realogy has relocated its 275,000 SF headquarters from
Parsippany to 175,000 SF in Madison while retaining the same size work force. rates in some markets. throughout the state. increased.
The slowly improving economy is beginning to reduce vacancy There was an increase in Commercial construction projects Sales numbers and prices of single family home have New Jersey continues to offer tax incentives for businesses
that come to or agree to stay in the state.
The Residential market is hot as sellers are finally willing to North Jersey is a great location with its close proximity to
New York and nice suburban neighborhoods. The Commercial market is hot with many commercial tenants looking for opportunities to own at the lower prices. The market may have bottomed out and is on the rise. pool of talented people. It is a great place to live and work.
Morris County has a good demographic mix and a great labor
NJDOT has been resurfacing portions of many of NJ highways.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q q
q p q
p q q
1767 Route 10 East Morris Plains, NJ 07950 (973) 267-3030
q p p
n n q
p q q
q p p
175 Park Ave. Madison, NJ 07940 (973) 407-5480
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
42
www.cbcnrtnewjersey.com
NM - Albuquerque MSA
NY - Albany/Capital Region
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Albuquerque, NM
9,288
863,887
333,497
$49,381
313,234
6.50%
AlbanySchenectadyTroy, NY
2,817
859,707
358,803
$58,611
351,131
5.40%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Presbyterian Healthcare Services will move into its new $22 Retail vacancy is down. Office vacancy is up. Movie & TV production in ABQ continues its hot pace. Residential market continues to improve in both new
construction and resale of existing homes.
million, 195,000 SF administrative headquarters in North I-25.
GlobalFoundries announced a $10 billion expansion to its Shelter Cove, a $60 million residential/retail complex, is
semiconductor manufacturing facility, located just north of Albany. The company employs 2,100 people today and expects to add another 1,000 jobs by years end. being developed along the historic Mohawk River, just north of Albany, by Prime Companies, the parent entity of Coldwell Banker Commercial Prime Companies. When finished, the development will feature 200 apartments and 111 singlefamily homes, two Office buildings and a clubhouse. amendment allowing up to seven commercially operated casinos. Investors are already placing their bets on where the gambling palaces might be located. Gov. Andrew Cuomo and other supporters believe the new casinos will help revive struggling upstate regions and reclaim gambling dollars being spent in other states. Schenectady, Troy and Saratoga Springs have been announced as reverse migration to the city is taking hold.
Innovate ABQ to anchor Innovation Corridor from Old Town
to Nob Hill. University of New Mexico will purchase the former First Baptist Church near Downtown. Innovate ABQ is to be a business incubator catering to startups and companies looking to commercialize technology from UNM or Sandia National. to lure company relocations in addition to significant tax incentives passed in 2013.
Voters have approved a New York state constitutional
State of New Mexico is considering additional tax incentives
Major residential development projects for downtown Albany,
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p n
N/A
q p p
q p p
q n n
n n n
q p n
q p p
621 Columbia Street Albany, NY 12047 (518) 785-9000
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Las Colinas
4801 Lang Ave. NE Suite 100 Albuquerque, NM 87109 (505) 897-7227
CONTACT
Coldwell Banker Commercial Prime Properties
www.lcrealty.com
43
www.coldwellbankeralbany.com
NY - Buffalo/Rochester
NY - Long Island
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
BuffaloRochester, NY, Niagra Falls
2,931
1,540,152
638,078
$64,205
712,415
5.30%
6,726
19,124,092
7,086,346
$65,253
7,711,074
6.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Candy and food distributor Wythe Will Tzetzo LLC has
selected Zaepfel Development for a design build of a 307,000 SF Manufacturing and Distribution facility in the Town of Tonawanda for a long term lease. operations at their 370,000 SF yogurt facility. Consumer Square.
Industrial vacancy rate ended the year at 4.8% Island-wide, a

full percentage point decrease over the start of the year. percent decrease over the start of the year. the year. year.
Office vacancy rate fell to 10.8% Island-wide, a 4/10ths of a Industrial asking rental rates are up $.40 PSF over the start of Office asking rental rates are up $.17 PSF over the start of the Largest Office lease of the year was 59,218 SF by Falconware
Software, Inc. at 2 Huntington Quadrangle, Melville.
Muller Quaker Dairy and PepsiCo, Inc. begin manufacturing Trader Joes opens in Amherst at Bendersons Boulevard Downtown Buffalo is HOT.
New restaurants and breweries are either open or coming soon. These include: Oshun, Tappo, Big Ditch Brewery, Resurgence Brewing, Dinosaur BBQ, The Lodge, and Buffalo Iron Works. Avenue across from the one million SF Walden Galleria Mall. vacancy rate in the Buffalo CBD.
Cabelas announces its first New York location on Walden
The largest Industrial lease of year was a 111,310 SF WalMart Warehouse at 230 Duffy Avenue, Hicksville, NY.
Departure of HSBC from One Seneca Tower affects the Office
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p p q
q p p
q p p
4498 Main St., Suite 9 Buffalo, NY 14226 (716) 839-6100
q p p
q q p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Meridian
CONTACT
Coldwell Banker Commercial Island Corporate Services
1601 Veterans Memorial Hwy. Suite 420 Islandia, NY 11749 (631) 232-4400
www.coldwellbankermeridian.com
44
www.cbcli.com
NY - New York
NC - Charlotte MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
6,726
19,124,092
7,086,346
$65,253
7,711,074
6.60%
Charlotte, NC
3,098
1,765,472
683,991
$60,618
815,105
6.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Notable Office lease signings in 2013: Morgan Stanley Smith

Barney LLC 1,869,752 SF (Downtown); Citgroup Global Markets Inc. 764,718 SF (Downtown); GroupM Worldwide 515,457 SF (Downtown); CME Group, Inc. 449,000 SF (Downtown). to 8.3% at the end of Qtr 4 2013.
One Wells Fargo sold for $245M or $248.65/SF for 985,315 SF

at a 6.67% rate.
Large Industrial leases were 345,545 SF by Michelin, 303,188

SF by Shutterfly and 300,000 SF by Conn.
The Office vacancy rate in the New York City market increased Net absorption for the overall New York City Office market
was negative 330,529 SF in Q4 2013.
Retail vacancy decreased to 7.4% from 8.1% to start the year

with a total of 865,515 SF constructed during that time.
Office saw vacancy decrease to 10.9% from 12.5% at the
The average quoted rate within Class A space was $57.40 at

the end of Q4 2013, class-B was $48.62, and class-C rates were $43.68.
beginning of year. Large signings were BOA 408,106 SF, MetLife 275,506 SF, Charlotte School of law 243,803 SF and Wells Fargo 224,522 SF markets.
Market growth and employment is outpacing most other US NBA Bobcats are changing their name back to the Hornets.
Total Office inventory in the New York City market area CAP rates have been higher in 2013, averaging 5.43%
amounted to 552,186,191 SF in 3,884 buildings at the end of Q4 2013. compared to the same period in 2012 when they averaged 4.7%.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q p
N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
q n n
q p n
q p n
1815 S. Tryon St. Suite A Charlotte, NC 28203 (704) 971-2000
p p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
1430 Broadway 9th Floor New York, NY 10018 (212) 344-0300
CONTACT
Coldwell Banker Commercial MECA
www.cbcalliance.com
45
www.cbcmeca.com
NC - New Hanover County
ND - Fargo/Moorhead
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Wilmington, NC
1,924
357,853
151,270
50,107
126,764
7.10%
Fargo, NDMN
2,810
202,280
86,119
$53,008
105,993
3.00%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Dicks Sporting Goods announced a move to Mayfaire. New student Apartment community began construction. Walmart selected a new site in Porters Neck area. Residential housing started on the increase. GE continued to add jobs. Obamacare caused medical practices consolidation.
Multi-Family continues to be very strong with approximately

1,600 units under construction in 2013, and 2014 looks to be another strong year for construction.
Vacancy rates for Multi-Family are around 3%. Industrial market is very strong, due in part to the strong local
economy and also to the oil activity in the western portion of the North Dakota. several new developments have sprung up.
New home construction continues to be very strong, and Sams Club is opening a 2nd store in the market this spring. ESPN Gameday came to Fargo, and NDSU won their third
consecutive national championship in FCS. NDSU has brought a lot of attention to Fargo, and activity is picking up as a result of it.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p n n
q p p
q p n
q p p
n n n
n n n
q p p
2731 12th Ave. S. Fargo, ND 58106 (701) 237-3369
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Sun Coast Partners, LLC
1430 Commonwealth Dr. Suite 102 Wilmington, NC 28403 (910) 350-1200
CONTACT
Coldwell Banker Commercial First Realty
www.cbcsuncoast.com
46
www.cbcfirstrealty.com
OH - Cincinnati
OK - Oklahoma City MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
CincinnatiMiddletown, OH-KY-IN
4,398
2,179,105
856,456
$58,530
932,959
6.20%
Oklahoma City, OK
5,518
1,237,539
500,869
$57,129
502,994
4.80%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Kroger Co. expects to spend $120 million in 2014 to expand
stores and add new locations in Greater Cincinnati, including building a new Florence Marketplace store and remodeling the store in Mount Zion. West Chester along Civic Centre Boulevard for more than $6.5 million on November 27th. It will build a new 150,000 SF store with a more than 10,000 SF restaurant and bowling alley on the site. Construction is set to begin in 2014. announced the creation of a $100 million new collaborative research center in Evendale.
Continued expansion of the energy sector places constant
pressure on 7,000 to 15,000 SF Industrial facilities with yard.
Bass Pro Outdoor World LLC bought nearly 22 acres of land in
Negligible amount of speculative development in the market. Most new construction is for build-to-suits. There are large
Class A projects in the suburbs and CBD coming online soon.
The University of Cincinnati Research Institute and GE Aviation Cincinnati Childrens Hospital Medical Center will begin
2,000 people per week are moving into the MSA. The market has become an interesting mix of government,
aerospace, energy, agriculture and distribution with national tenants taking serious looks. here with the geographic location of being in the center of the country.
Businesses are discovering the fabulous work force existing
construction on two projects located at the intersection of I-75 and State Route 129 in Butler Countys Liberty Township that are expected to cost a total of $162 million and be completed within the next three years. $52 million outpatient center; the 78,000 SF building located just north of Interstate 275 at 11140 Montgomery Road in Montgomery will open in spring 2015.
The Christ Hospital Health Network will break ground on a
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
q p n
N/A N/A N/A
p q p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Reliant Realty
1125 West 8th St. Suite 200 Cincinnati, OH 45203 (513) 241-8725
CONTACT
Coldwell Banker Commercial Hocker & Associates
4323 Classen Blvd. Suite 100 Oklahoma City, OK 73118 (405) 840-4545
www.cbcreliantrealty.com
47
www.hocker.com
OR - Portland
OR - Salem/Keizer
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
PortlandVancouverBeaverton, OR-WA
6,684
2,261,246
878,239
$58,563
952,611
6.20%
Salem, OR
1,925
399,131
148,354
$49,102
119,269
7.30%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Industrial is poised to tighten as inventory shrinks due in
part to the new trend of creative office and loft spaces being transformed out of functionally obsolete industrial spaces. Bridgestone Tire and Microsoft with sizes ranging from 165,814 SF to 402,450 SF.
Salems CBD continues to see activity as the former Boise
Cascade site is currently under construction with high-end Apartments, Retail/Office space and a Medical building. for the expansion of Riverfront Park. North Salem.
The largest Industrial lease signings were by Georgia-Pacific, The Retail market remained relatively stable with a slight
The City of Salem acquired a 3-acre parcel in downtown Salem Mor Furniture has opened in the former Big Lots location in The State of Oregon is aggressively working to lower its lease
rates in privately-owned buildings. City Hall.
decrease in vacancy to 5.3%. Two KMarts closed their doors as well as a Burlington Coat Factory. Openings included Sportsmans Warehouse and Natural Grocers. estate. Though vacancy was slightly higher at 2.67%, rental rates, permits and construction increased. High quality properties garnered low 5% cap rates with stiff competition.
Multi-Family remains the golden child of Commercial real The Portland Office market has seen renewed confidence
The City of Salem is considering a $70 million renovation of Salem Clinic has opened a new South Salem location along
Battlecreek Road at Kuebler, and Kaiser Permanente will be constructing a new facility at Keizer Station.
within the CBD as demand for new high-quality space counterbalances the recent exodus of absorption to the outlying suburban markets.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n p p
q p p
q p q
p p p
n q p
q p p
p q p
960 Liberty St. Suite 250 Salem, OR 97302 (503) 587-4777
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Mountain West Real Estate
2545 SW Spring St., Suite 200 Portland, OR 97219 (503) 587-4777
CONTACT
Coldwell Banker Commercial Mountain West Real Estate
www.cbcre.com
48
www.cbcre.com
PA/NJ - Bucks Co, PA/Hunterdon Co, NJ
PA - Lackawanna/Luzerne Counties
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
PhiladelphiaCamdenWilmington, PA-NJ-DE
4,630
5,979,545
2,318,224
$65,847
2,533,973
6.40%
ScrantonWilkesBarre, PA
1,747
549,920
233,775
45,396
245,015
7.70%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Coldwell Banker Hearthsides residential group leased 17,000

SF in Newtown, PA for a new regional sales center. space absorption.
Improving small business confidence is creating small lease Leasing activity in the 1,000-3,000 SF range is improving.
Geisinger Health Systems is expanding in this market. Mohegan Sun opened a new Hotel/Convention Center. Two
new hotels are being built in the vicinity. Luzerne County.
Announcement of a 2M SF distribution center to be built in Retail is expanding in this market, especially in food uses.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p p p
n n q
q p n
1094 Second St. Pike Richboro, PA 18913 (215) 357-2880
n n n
n n n
q
N/A
n
N/A
q
N/A
Absorption
Absorption
Rental Rates
Rental Rates
n
651 Northern Blvd. Clarks Summit, PA 18411 (570) 587-5500
CONTACT
Coldwell Banker Commercial CBH
CONTACT
Coldwell Banker Commercial Town & Country
www.cbhcommercial.com
49
PA - Pittsburgh
SC - Charleston MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Pittsburgh, PA
5,280
2,355,582
991,049
$52,255
1,064,896
5.70%
CharlestonNorth Charleston, SC
2,591
665,272
262,007
$57,059
253,170
5.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Major increase in Office space. Major increase in Multi-Family home development. Pittsburgh has seen a surge in demand for Office space
Boeing continues to purchase land and expand on its presence

in the Charleston area.
and Multi-Family development. Most of this is due to the expansion of major businesses in the area.
There has been an increase in 1031 Exchange money. Increase in Residential construction is leading the way in job
creation.
Manufacturing jobs increase 2.1% from 12 months ago. Increase in consumer spending and job creation are pushing
local economic recovery.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p n
q p n
q p p
p q q
n q p
q p
N/A
n q p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
9600 Perry Hwy. Suite 200 Pittsburgh, PA 15237 (412) 548-1064
CONTACT
Coldwell Banker Commercial Atlantic International, Inc.
3506 W. Montague Ave. Suite 200 Charleston, SC 29418 (843) 744-9877
www.cbcnrtpittsburgh.com
50
www.cbcatlantic.com
SC - Columbia
SC - Greenville
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Columbia, SC
3,701
751,082
300,796
$52,689
287,817
5.50%
GreenvilleMauldinEasley, SC
2,002
644,419
263,044
$49,487
288,021
5.00%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Dana Corporation moved into 152,959 SF. Very little new construction has caused existing inventory to
be absorbed.
SC Inland Port opened in October. This facility will initially There has been $6.7 billion of capital investment in SC by
convert 25,000 container movements annually from truck to rail. foreign owned firms since 2011. SC ranks #1 nationally in employment by foreign owned firms. Upstate activity is anchored by BMW and Michelin. former Greenville Mall. Adjacent tenants include Costco, Jaryd Jewelers, Rooms To Go and Firebirds.
511,500 SF of Industrial space is under construction. Housing projects for University of SC total 2,500 new beds, Innovista in Columbia connects businesses, industry, and
creating a renaissance involving Retailers, Restaurants & bars, and a strong influx of banks to the Innovista & Vista area surrounding the campus. entrepreneurs to the myriad of resources of the University of SC to create jobs, accelerate innovation, and drive economic prosperity in the Midlands region, South Carolina, and around the world.
Cabelas is set to open at Eastsides Magnolia Park, site of An +/- 800 acre site south of downtown received state
certification for Industrial/Distribution anchored Mixed-Use development. It is touted by economic development agencies as one of states premier development sites. joining Retail tenants that include Brooks Brothers and Anthropologie.
First office tenants move into the ONE Development in CBD, Recent announcements include the planned construction of
800 Apartment units and several hotels including Embassy Suites and Aloft by Starwood. Proposed convention center site announcement is imminent.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p q
q p q
q p p
N/A N/A N/A
q p p
q p q
q p p
117 Williams St. Greenville, SC 29681 (864) 250-2800
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial United, Realtors
1711 Gervais St. Suite 300 Columbia, SC 29201 (803) 799-4663
CONTACT
Coldwell Banker Commercial Caine
www.cbccarolinas.com
51
www.cbccaine.com
SC - Myrtle Beach
SC - Spartanburg
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Myrtle BeachConwayNorth Myrtle Beach, SC
1,134
266,384
110,858
43,184
112,291
7.80%
Spartanburg, SC
811
288,938
114,780
46,521
107,889
5.90%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
New Retail includes: two new Publix, three Lowes Foods and
one new Walmart inventory.
City of Spartanburg starts year 2 of its successful Main St
Vacancy is falling due to improved demand and lower Very strong new housing and Retail. The market has cleared out a ton of foreclosed inventory. There is improved consumer outlook and a steady flow of
frozen retirees. tourism.
Challenge, an entrepreneurial start-up competition that will assist 3 chosen businesses. Start ups will receive $12,000 in rental assistance along with marketing, printing, accounting, etc. to help with their new business opening. central business district.
24 new businesses opened or made major renovations in the Northside Initiative continues to gain momentum around
the Medical School and Wofford College. A partnership with the City, Sptbg Housing Authority, Public Safety, Mary Black Foundation is lead by former Mayor and Northside Development. The vision is a thriving, diverse, Mixed-Use neighborhood. construction or approved and will begin in Q1/Q2 with over 550,000 SF. This is the result of a private market recognizing the much documented shortage of Class A Industrial buildings. This is a direct result of local Economic Dev team selling to development community. Charlestons reach 212 miles inland to Spartanburg County. The inland port boosts efficiency for international freight movements between the Port of Charleston and companies located across the Southeast.
OFFICE
Vacancy
The market is host to three new reality TV shows and strong
4 privately funded spec Industrial buildings are under
Inland Port opened in October, extending the Port of
OFFICE
Vacancy
retail
industrial
multi-family
retail
industrial
multi-family
q p p
n n p
q p n
10225 North Kings Hwy. Myrtle Beach, SC 29572 (843) 272-8700
q p p
q p p
q p p
q p p
340 E Main St. Suite 100 Spartanburg, SC 29302 (864) 342-2322
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Chicora Real Estate
CONTACT
Coldwell Banker Commercial Caine
www.cbcchicora.com
52
www.cbccaine.com
SD - Rapid City
TN - Chattanooga Metro
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Rapid City, SD
6,247
125,797
50,124
52,281
51,878
3.80%
Chattanooga, TN-GA
2,089
526,490
211,265
$47,279
208,265
6.80%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Walmart adds 2nd store, Scheels is adding on, and the New
Outdoor Mall is a success.
Tourism growth in Bradley County is the highest in TN year

over year.
Vacancy of retail space is minimal. New construction of boxes is up. Residential sector is
growing.
Amazon and Volkswagen continue to drive job growth in the

area. Volkswagen is considering expanding their plant to produce a new line of SUVs. Two shifts are operating in the existing plant, and a third shift is possible.
Shortage of inventory. Sellers are experiencing the benefit of

multiple offers. Buyers must be aware of competition.
Wacker Chemie AG construction continues on pace. The new A new 300 acre Industrial site has just become available in
Prices are moving up. Inventory is low. Retail and Medical community are doing great.
integrated site is Wackers first polysilicon production facility outside Germany. This billion dollar investment will further drive job growth. southern McMinn County. The site has highway and railroad access. It is less than six miles from I-75. are being finalized.
Plans for the new Spring Branch Industrial Park along I-75 The Cleveland/Bradley County area is home to 12 Fortune
500 companies. This market is positioned for tremendous growth in the next 5 years. Chattanooga, Hamilton County, and Bradley County governments actively support area growth initiatives.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n n
q p n
N/A N/A N/A
q p p
N/A N/A N/A
q
N/A
q p n
2650 Peerless Rd. Cleveland, TN 37312 (423) 476-5535
q n p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Lewis-Kirkeby-Hall
2700 West Main Street Rapid City, SD 57702 (605) 343-2700
CONTACT
Coldwell Banker Commercial Hamilton & Associates
53
www.hamiltoncommercial.com
TN - Knoxville - East
TN - Nashville MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Knoxville, TN
1,857
702,994
297,456
$48,362
307,125
6.00%
NashvilleDavidsonFranklin, TN
5,687
1,595,554
635,077
$56,636
725,719
5.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Knoxville was designated a Platinum Valley Sustainable
Community by TVA; its the first city to be so designated. rates for most sectors to either decline or remain steady.
The economy continues to improve which is causing vacancy 2013 saw a continued growth in Retail construction with a The Residential market continues to improve with a 15%
Kroger Marketplace being built in Oak Ridge and a new Retail center under construction in west Knoxville close to a new Kroger Marketplace. increase of units sold for 2013 vs. 2012 for the Knoxville Metro area. an emphasis on high grade investment properties. Livability.com.
Music City Convention Center is open and operating. Construction of a new Baseball Stadium is underway. Tourism Is soaring. Hotel occupancy is doing well. Apartment development is strong. Medical Office expansion is underway.
The Commercial real estate sector continues to recover with Knoxville was ranked in Top 10 Best Places to Retire by
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p q
n n n
n n n
124 N. Winston Rd. Knoxville, TN 37919 (865) 690-1111
q p p
q p n
n n n
q p n
114 Cool Springs Blvd. Franklin, TN 37067 (615) 465-3737
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Wallace & Wallace, Realtors
CONTACT
Coldwell Banker Commercial Professionals
www.cbcww.com
54
TX - Austin
TX - Bryan/College Station
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
AustinRound Rock, TX
4,224
1,730,983
665,762
$57,641
622,577
4.50%
College StationBryan, TX
2,106
214,971
88,655
$39,968
60,491
4.60%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
About 1.2 million SF of office space was absorbed in 2012 with

companies growing and relocating to Austin.
Since 2006, the area has added 343,832 residents, but
Bryan/College Station MSA population is exploding! Existing Office is slower to lease up, but new construction is
on the rise again.
apartment construction and single family permits havent come close to keeping up space in downtown Austin including the iconic Frost Bank Tower.
Parkway Properties, Inc now owns 2.4 million SF of Office A Houston investment firm has purchased 22.5 acres near Forbes ranks Austin #14 in Best Places For Business &
Careers and #2 in job growth.
Retail and Hospitality are very strong, especially Hotels. Bryan/College Station is ranked #5 by Forbes as the Best Bryan/College Station continues to be the new hub for Bio
Sciences.
Small Places For Business and Careers, and #8 in job growth. Kiplinger ranks Bryan/College Station #3 in the 10 Best Places To Live.
the Hill Country Galleria and plans to prepare the property for Retail development with an investment of $1.4 million in infrastructure.
Texas A&M began the $450 million renovation of Kyle Field.
Kiplinger ranks Austin the #6 Best City to live, work, and
play in because it offers a mix of professional opportunities, economic growth and lots of entertainment options.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
q p p
2121 Sage Rd. Suite 150 Houston, TX 77056 (713) 840-5000
q p p
q p q
q p p
N/A N/A N/A
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
www.cbcunitedrealtors.com
55
TX - Dallas/Ft. Worth
TX - Houston
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Dallas-Fort WorthArlington, TX
8,990
6,521,652
2,375,452
63,092
2,621,455
5.40%
HoustonSugar LandBaytown, TX
8,928
5,937,339
2,084,052
$65,395
2,246,860
5.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
After 18 months of construction, Sundance Square, a 35-block

Office, Retail and entertainment development in downtown Fort Worth, has finished a one-acre outdoor plaza featuring two new Class A Office buildings, several new restaurants, retail shops, a multi-purpose stage, and pavilion.
Forbes Magazine has named Houston Americas next great

global city and has rated it third best for future growth, #25 in Best Places For Business & Careers, and #7 in job growth. Work and Play because it offers a mix of professional opportunities, economic growth and lots of entertainment options. employment is up 3% from last year following a gain of 4.1% over the preceding year. development in north Houston near The Woodlands.
At Alliance Airport: Motorola and Google moved in. #1 rated housing market by Forbes. Wal-Mart, Motorola, and Amazon have all started investing in
facilities.
Kiplinger ranks Houston #1 of the Best Cities to Live, According to US Bureau of Labor Statistics, non farm
Fort Worth is #4 Best Big City for Jobs by Forbes. Fort Worth is #6 on Fastest growing cities after the
recession.
ExxonMobil plans to move to a major new campus now under BP, ConocoPhillips, and Shell Oil are on hiring sprees in the
Energy Corridor while Air Liquide is planning their move from their Galleria Headquarters to new buildings under development near Memorial City.
The Industrial market is thriving. Growth in trade through
the port facilities provides a broad base of product including Warehouse/Distribution and Manufacturing space.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
p p q
q p p
255 N. Center St. Arlington, TX 76011 (817) 226-0000
q p p
q p p
q p p
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
www.cbcalliance.com
56
TX - Lubbock
TX - Rio Grande Valley
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Lubbock, TX
1,799
279,239
111,087
$41,203
101,281
4.30%
McAllenEdinburgMission, TX
1,570
751,544
204,655
$31,886
168,988
10.40%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Jackson Dean Construction has started construction on
an $18.2 million new Costco store including a 151,999 SF Warehouse and a 2,816 SF fuel facility. Retail activity, hit a record high in April, with early indications suggesting no sign of cooling this summer. in the American Institute for Economic Researchs (AIER) College Destinations Index.
Rio South Texas continues to be the largest border region

in the entire country ultimately leading to tremendous, Industrial growth.
The Lubbock economic index, ramrodded by home sales and
The Rio Grande Valley is expected to grow by 15% in the next 4

years increasing the demand for Multi-Family facilities. 35% and shows no signs of slowing.
Lubbock ranked among the top 20 cities for college students Lubbocks expansion is on solid footing as employment
Mexican national spending showed increases in the range of McAllen, TX ranked #1 in the Nation in long term job growth
and continues to be one of the fastest growing metro areas in the Nation. concepts to the area.
continues to reach new highs. Nearly all industries are adding jobs. contributed $1.26 billion to the economic pulse of Lubbock County, according to The Economic Impact of Texas Tech University study.
Retail development continues at a rapid rate, attracting new The Rio Grande Valley is ranked by Forbes as one of the
Nations best areas for recession recovery and continues to attract investors from all parts of the country.
Texas Tech University helped sustain nearly 15,000 jobs and
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
n n p
q p p
4924 S. Loop 289 Lubbock, TX 79414 (806) 793-0888
n n p
n n n
n n p
n n n
508 E. Dove Ave. McAllen, TX 78504 (956) 631-1322
q p n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Rick Canup, Realtors
CONTACT
Coldwell Banker Commercial La Mansion
www.cbclubbock.com
57
www.cbclamansion.com
TX - South/Central
TX - Southeast
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
San Antonio, TX
7,340
2,093,608
749,986
$52,389
730,244
5.30%
BeaumontPort Arthur, TX
2,154
379,235
147,015
$49,974
136,945
9.00%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Medical facilities and Office continue to expand, Oil and Gas

activities continue to rise.
OCI has announced a $1B investment in a new plant in

southeast Texas.
Less product is coming into the market. It continues to be difficult to acquire capital for speculative
Energy Industrial growth is pushing the demand for
projects; however, capital is readily available for owner users.
Warehouse/Laydown Yard and Office space for contractors and suppliers to these developments and expansions.
Prices, new starts, and existing home sales continue to rise. Changes for the better are seen across all product lines. Employment remains stable, job growth is modest in San
Antonio, and migration to Texas remains strong.
New Industrial construction on a large scale begins in 2014. Residential development remains stagnant, and house sales
are relatively flat.
There is approval and funding to deepen the ship channel in Major interstate and highway construction is underway and
will be completed in 2 years.
order to accept larger ships going through the Panama Canal.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p n
q p p
n p n
q p n
n n n
q p n
One Acadiana Ct. Beaumont, TX 77706 (409) 833-5055
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Alamo City
18756 Stone Oak Pkwy. Suite 202 San Antonio, TX 78259 (210) 483-6250
CONTACT
Coldwell Banker Commercial Arnold and Associates
www.cbcalamo.com
58
www.cbcaaa.com
TX - Waco
UT - Salt Lake/Utah County
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Waco, TX
1,042
234,783
91,531
$44,485
94,029
5.20%
Salt Lake City, UT
9,539
1,140,107
376,706
$66,176
567,447
3.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Cabelas opened their first central Texas location in Waco. The Waco Industrial Foundation purchased 600 acres at the SE
corner of I-35 and Hwy 6.
Xactware is nearly complete with their 200,000 SF space,
The NE corner of I-35 and Hwy 6 was sold to a developer.
housing 1,000 employees. Adobes 100 million SF campus in Lehi Utah houses 1,100 employees with future expansion planned. Walmart continues to roll out Neighborhood Market concepts. Popeyes continues to expand. Mall expansions have been very successful. falling to healthy levels on all disciplines.
High levels of absorption have contributed to vacancy rates Construction has decreased as speculative properties fill up
quickly. At this continued rate, it is foreseen that construction will tick up. in the market. Absorption continues to outpace new product.
Asking rates will have upward pressure with the new product With pockets of growth in Southern Salt Lake County and
Northern Utah County, the blending of market boundaries will change. Office campuses, Retail development, and Flex space parks are planned or under construction. tenants and investors move into the market.
Utah continues to stay on top as national and international
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n q
n n n
n p n
500 N. Valley Mills Dr. Waco, TX 76710 (254) 776-0000
n n n
q p p
q p p
q p p
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Jim Stewart, Realtors
CONTACT
Coldwell Banker Commercial Intermountain
6550 South Millrock Dr. Suite 200 Salt Lake City, UT 84121 (801) 947-8300
www.coldwellbankercommercialwaco.com
59
www.coldwellutah.com
VA - Fredericksburg
VA - Lynchburg
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
WashingtonArlingtonAlexandria, DC-VA-MD
5,627
5,523,778
2,103,127
$84,548
2,492,165
4.60%
Lynchburg, VA
2,124
248,585
100,680
$46,100
96,796
5.30%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Absorption is slowing, which is eroding the vacancies in most

asset classes.
Lynchburgs first ever Zaxbys restaurant broke ground on a Liberty University currently has nearly $500M worth of new The Residential sector continues to see growth with new With Liberty Universitys new construction of 6,000 on-
A fair amount of the Office leasing is a reshuffling of tenants

rather than new business entering the market. housing & new Retail (banks, gas, grocery). July 2013.
new location with plans to open several more in this market in the near future. construction underway on campus with $300M on the board to start soon. These projects total over 525,000 SF. construction on the rise for medium to high end homes while new Commercial construction remains slow. campus student housing units, Multi-Family developers have broken ground on several projects geared towards young professionals rather than student housing. sites under contract in the Lynchburg market.
New development in the area is dominated by Residential Spotsylvania Co has rezoned land for 4,000 Home sites since There remains a lot of pent up demand in most sectors facing
the headwinds of Obamacare and government uncertainty. Track are in development.
A new minor league baseball Stadium & NASCAR Circuit
Several new hotels are currently under construction or have
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n n
q p p
p p p
N/A N/A N/A
p q n
q p p
q p n
101 Annjo Ct. Forest, VA 24551 (434) 455-2285
q p n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Elite
1201 Central Park Blvd. Fredericksburg, VA 22401 (540) 786-1402
CONTACT
Coldwell Banker Commercial Read & Co.
www.cbcelite.com
60
www.cbcread.com
VA - Spotsylvania County
VA - Williamsburg/Hampton Roads MSA
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Virginia BeachNorfolkNewport News, VA-NC
Square Miles
Population
Households
Employees (Total)
Unemployment
WashingtonArlingtonAlexandria, DC-VA-MD
5,627
5,523,778
2,103,127
$84,548
2,492,165
4.60%
2,628
1,677,195
648,009
$59,887
637,163
5.30%
MARKET HIGHLIGHTS Many new restaurants and retail businesses have opened in the Fredericksburg, VA area.
MARKET HIGHLIGHTS
At 50 feet, the Port of Virginia offers the deepest shipping
A new Hyatt Hotel has just been completed in the University of

Mary Washingtons (UMW) Eagle Village.
A new VRE Commuter Rail Station and a NASCAR Circuit Track

is planned for Spotsylvania County and a new Minor League Baseball Stadium is planned for Fredericksburg, VA. Fredericksburg, VA for their next location.
channels on the U.S. East Coast, which is a significant factor for growth of the Industrial markets of Chesapeake, Suffolk, Norfolk, Portsmouth, Newport News, Hampton and Williamsburg. December 2012 to 5.3 percent this past December as the labor force added several thousand workers to the work force. 2013. Class A Office sector consists of 12 million SF.
The regions unemployment rate drops from 6.1 percent in
Many new industrial businesses are looking at the The Naval Surface Weapons Center at Dahlgren, VA has
attracted some new contractors, a new UMW University Center and a Walmart shopping center. luxury Condos are strong.
Office inventory amounted to 48 million SF as of the end of Q4 Residential saw a 20% increase in the number of units International profile continues to grow, hosting 164
international firms representing 28 countries. sold and 27% increase in the sales volume relating to a 6% appreciation in home values as well as a movement in the luxury home market.
New construction of residential homes, Apartments and Commercial construction of retail convenience stores and
medical facilities are beginning to take place. Industrial rents are remaining static.
Residential rents are continuing to rise. Retail, Office and The market is stronger than most with an unemployment
rate approx. 2% lower than the national average and unique because of the proximity to the Washington, DC market, the Marine Base and FBI Facilit at Quantico, VA and the Naval Surface Weapons Center at Dahlgren, VA.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q n q
p n q
n n q
q p n
q p n
q p n
q p n
312-B Lightfoot Road Williamsburg, VA 23188 (757) 229-1507
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Carriage House Realty
520 William St. Fredericksburg, VA 22401 (540) 373-0100
CONTACT
Coldwell Banker Commercial Brooks Real Estate
www.carriagehousesells.com
61
www.cbcbrooks.com
WA - King County
WA - Seattle
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
SeattleTacomaBellevue, WA
5,894
3,433,786
1,373,207
$67,763
1,502,591
5.40%
5,894
3,433,786
1,373,207
$67,763
1,502,591
5.40%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Quality investment properties are in high demand. Industrial market is expanding.

popping up all over the county. and Industrial.
National and international investors like the strength of the Puget Sound market. Spec Warehouse projects are
Land prices continue to increase, mainly Retail, Multi-Family The outlook is good for the overall market.
In-city Multi-Family properties remain strong. Employers are expanding - but cautiously. Investors are returning to Industrial properties. There is an increase in competition among investors for good
Multi-Family properties.
In-city dirt is still affordable. Retail is in a quandary. Expansion is on a case by case basis.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p n
q p p
q p p
33313 First Way South Federal Way, WA 98003 (253) 874-3200
q p p
q p n
p q q
n n n
33313 First Way South Federal Way, WA 98003 (253) 874-3200
n n p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Danforth & Associates
CONTACT
Coldwell Banker Commercial Danforth & Associates
www.cbcdanforth.com
62
www.cbcdanforth.com
WA - Tacoma/Puyallup
WA - Vancouver & Southwest
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
5,894
3,433,786
1,373,207
$67,763
1,502,591
5.40%
PortlandVancouverBeaverton, OR-WA
6,684
2,261,246
878,239
$58,563
952,611
6.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Niagra acquired 30 acres in Frederickson for a large
Distribution Warehouse. In Tacoma, the 300,000 SF Russel building was absorbed by State Farm. consumer confidence.
Expectations are that 2014 will be a strong come back year.

Activity in all sectors of the Commercial market is stronger than its been in the past three years.
Absorption has been steady, primarily due to job growth and Repurposing of big box retail was in, along with BTS for strong
tenants/restaurants. Industrial returned with several BTS and even spec DCs in the market. in Residential
Clark County and Vancouver, in particular, were never
overbuilt in any of the Commercial sectors. Vacant space did remain unoccupied for longer periods of time during the past economic downturn, but at levels most owners were able to handle. That said, the majority of new construction has been supported by signed leases with strong tenants. There has been very little true speculative development. spurring an exceptionally strong demand for Residential land. Multi-Family construction is literally going wild, with a large share of it being on the upper end rent scale. optimism.
Steady growth (11% year over year) and construction activity Strong investment sales (NNN and Apartments) with wellpriced properties with cash flow/yield.
New construction continues at a steady, measured pace.
Strengths of the Puget Sound include Aerospace (Boeing),
Residential real estate values have increased by about 12%, The major change in this market is the return of strong Clark County and Vancouver have historically been the
bedroom community for the Portland, Oregon metro area. Thats steadily changing in favor of Southwest Washington having its own identity. Washington does not have a state income tax, and the cost of living is less than in Oregon.
OFFICE
Vacancy
Tech (Amazon, Microsoft and Verizon), Healthcare (UW Medical, Franciscans and MultiCare) and the military (Joint Base Lewis McChord).
OFFICE
Vacancy
retail
industrial
multi-family
retail
industrial
multi-family
q p n
q p n
q p p
929 East Main # 320 Puyallup, WA 98372 (253) 840-5574
p n n
q p p
q p n
q p p
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Offenbecher
CONTACT
Coldwell Banker Commercial Jenkins & Associates
300 West 15th St. Suite 201 Vancouver, WA 98660 (360) 699-4494
www.offenbecher.com
63
www.cbcorldwidenw.com
WI - Madison, Greater
WI - Rock County
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Madison, WI
2,738
574,245
242,725
$65,668
281,044
4.00%
Janesville, WI
720
160,224
63,135
$54,346
63,044
7.00%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Epic Systems, a Madison area health care software company, Spectrum Brands moved into their new world headquarters. Apartment vacancy rates in Madison were at 2.05% in Q4 of
2013. Several new Apartment projects are coming online.
is expanding their campus with plans to increase employment from 6,000 to 10,000.
Lowest unemployment rate in 5 years posted during the final

Qtr of 2013.
The Residential market experienced the highest price points

in the last four years.
Retail new construction totaled 33,000 SF, and 31,000 SF of
Madison unemployment rate is at 4%, vs 4.7% the end of 2012. TDS Communications renewed lease for 320,000 SF in
Madison.
existing Retail was rehabbed. 2013 set a sales tax record with collections amounting to $10.6 million. 4 Logistics and 2 Medical, amounting to 399,000 SF leased or sold.
There were 12 major projects in 2013- 6 were Manufacturing, The Residential market continues to improve, though
Recovering housing market with 22% increase of sales over

2012, increasing sale prices, decreasing foreclosures and growing new construction activity.
SF building permits are up 50% in 2013. Greater Madison economy is the most stable and prosperous
in the state, with the UW-Madison, state government, health care, and expanding bio-tech and info-tech communities growing at steady pace.
gradually, with average prices increasing (see above). Foreclosures are declining, and upper end housing sales are beginning to come out of the doldrums. Price per unit grew to a healthy $39,250 per unit, up from $31,570 in 2012.
Multiple Family foreclosure rate dropped 48% in 2013.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q n
n p p
n n n
q p p
p q q
q p n
q p p
400 Midland Ct. Suite 101 Janesville, WI 53546 (608) 752-6325
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Success
7609 Elmwood Ave. Suite 102 Middleton, WI 53562 (608) 662-1110
CONTACT
Coldwell Banker Commercial McGuire Mears & Associates
www.cbcommercialsuccess.com
64
www.mcguiremears.com
WY - Cheyenne
International Markets
DEMOGRAPHICS
CBSA Square Miles
Population
Households
Employees (Total)
Unemployment
Cheyenne, WY
2,686
89,439
36,986
$60,634
31,977
4.70%
MARKET HIGHLIGHTS
Strong Technological, Industrial, Distribution and
Manufacturing growth in Cheyenne in 2013 with continued growth expected in 2014. Cheyenne area, including two new $112 million Cloud data centers as well as a green fuel cell-powered data center designed to run on biogas generated from a local water treatment plant. to Cheyenne in 2014 and constructing a new $15 million manufacturing Warehouse in the Cheyenne Business Parkway.
Multiple Microsoft investments are under construction in the
Gun manufacturing company Magpul Industries is moving Swan Ranch Industrial Park development continues to bring NCAR (National Center for Atmospheric Research) Super Residential values continue to rise with overall sales and
regional and national oil and gas operators to the region. Industrial absorption in the area is beginning to be dominated by oil and gas. Computer, one of the top 20 super computers in the world, is up and running in the Cheyenne North Range Business Park values at their highest levels since 2007. Several large Apartment and Multi-Family developments are scheduled to break ground in 2014.
OFFICE retail
Vacancy
p q q
q q n
q p p
255 Storey Blvd. Cheyenne, WY 82009 (307) 632-6481
q p p
Absorption
Rental Rates
CONTACT
Coldwell Banker Commercial The Property Exchange
www.WyomingCommercialBrokers.com
65
Australia - Gold Coast, Queensland
Bermuda
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Gold Coast, Queensland
541
592,000
196,000
$53,000 AUD
231,600
5.66%
Bermuda
21
65,400
34,110
$69,183 BD
39,457
3%
MARKET HIGHLIGHTS On exiting 2013, the general observations were that sentiment MARKET HIGHLIGHTS has improved across Commercial property sectors in general, Bermuda has the capacity to accommodate growth in Office and that there was an expectation that 2014 was going to deliver and Residential at the most competitive rates. better times. If the tourist accommodation sector is another pointer, holiday makers have flocked to the Gold Coast over the Government policy changes have been implemented to encourage international companies to set up in Bermuda. current summer period with many operators reporting the best occupancies for many years. Increased sales inventory and strong buyer interest from both occupiers and investors created 8 commercial property sales The light rail project has progressed to the extent that a high in 2013. proportion of the infrastructure is now in place, safety fencing removed and trains are testing the line in Southport in readiness The Rental market is showing a move to quality space at for commissioning by mid 2014. As the infrastructure has prices similar to those paid for spaces leased 5 years ago. unfolded visually, there has been a corresponding sense of
heightened anticipation from traders, local residents and visitors alike, plus increased interest from investors as to available commercial property opportunities along the rail route. Hospital at Parkwood; the continuation of infrastructure construction for the 2018 Gold Coast Commonwealth Games; the announcement of the winning architect for the proposed $300 million City of Gold Coasts cultural precinct design competition; and ongoing consideration of options for a possible cruise ship/ casino/resort development.
The majority of leasing interest is internal, but the island is

seeing an encouraging increase in external interest.
2013 also saw the opening of the new $700 million University
As an island destination, foreigners often look to purchase in
Bermuda. The government has recently reduced the licensing fees to 6 and 8% from 18 and 25%.
2014 has already seen Pacific Fair partially closed to enable
AMP Capital to instigate their $670 million refurbishment and expansion program, which is scheduled for completion in late 2016. The facility is set to become Queenslands biggest shopping centre at 150,000 Sq m.
OFFICE retail
OFFICE
Vacancy
retail
industrial
multi-family
Vacancy
q n n
q n n
q n p
q n p
n p n
p q q
n n n
N/A N/A N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial GC Property Group
Shop 1, 29 Tedder Ave. Main Beach Gold Coast, Queensland 4217 +61 7 5528 3088
CONTACT
Coldwell Banker Commercial Bermuda Realty
11 Par la Ville Rd. Hamilton, Bermuda HM HX +1 (441) 292-1793
www.cbcommercial.com.au
66
www.bermudacommercial.com
Canada - Aurora, Ontario
Canada - Barrie, Ontario
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Aurora, Ontario
19
56,931
19,027
$157,000 CAD
27,500
1.20%
Barrie, Ontario
30
136,063
51,400
$67,500 CAD
97,657
4.30%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Aurora is home to the Magna International headquarters and

Desjardins (previously Statefarm) national head office.
Aurora is a highly affluent town about 20kms north of Toronto. New construction currently resides on the east and west side
of Leslie Street.
Resale home prices continue to rise in high demand Aurora. Auroras population is expected to reach 70,000 by 2020. Aurora is a twin city of Leksand, Sweden.
IBM opened a Smart Data Centre in Barrie. Low tax rates and high tech employment keep vacancy low. The Barrie population is one of the fastest growing in Canada. Housing remains strong in Barrie. Greenspace just outside city limits was approved for
development.
Redevelopment of the downtown core continues to change the

face of the city.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
p q n
n n n
q p p
n n n
q p n
n n n
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial The Real Estate Centre
2162 Major Mackenzie Dr. Vaughan, Ontario L6A 1P7 (905) 895-8615
CONTACT
www.cbtreccommercial.com
67
Canada - Campbell River, British Columbia
Canada - Courtenay/Comox, British Columbia
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Courtenay/ Comox/ Comox Regional District, BC
Square Miles
Population
Households
Employees (Total)
Unemployment
Campbell River, BC
55
42,000
15,420
$69,342 CAD
15,240
6.20%
660
65,100
16,043
$71,347 CAD
49,140
6.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
British Colombia is in the midst of a construction boom. The $1.35 billion 5 year John Hart Dam construction project
started in 2013.
A $365 million regional hospital was awarded by the VIHA. The 146,000 SF Costco Store (largest on Vancouver Island)
opened in June 2011.
A $266 million regional hospital has been awarded by VIHA. Quicksilver Resources announced plans for a LNG plant at Elk
Falls mill site.
The new Thrifty Mall opened in 2013.

and Office space to the market.
It provided new Retail
Campbell River is the recreational salmon fishing capital of

North America.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
q p p
q p p
q p p
p
N/A
p q q
p
N/A
q
N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Slegg Realty
350 17th St. Courtenay, Vancouver Island V9N 1Y4 (250) 898-8790
CONTACT
350 17th St. Courtenay, Vancouver Island V 9N 1Y4 (250) 898-8790
68
Canada - Innisfil, Ontario
Canada - Nanaimo, British Columbia
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Innisfil, Ontario
109
32,727
13,797
$71,676 CAD
12,040
4.30%
Nanaimo, British Columbia
91.3
102,500
41,900
$27,840 CAD
32,560
4.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Located just outside Barrie, Innisfil is becoming a high

demand community to live in. business. year.
Innisfils Commercial core is being revitalized to suit new Innisfils new home construction is growing by about 6.1% per Cottage lakefront properties located on Lake Simcoe are in
high demand.
Target has moved into the area. A 100,000 SF Canadian Tire was built. A $50 Million 4-Star International Hotel Tower is being built.
This will result in 70,000 Chinese tourists and investors visiting the city each year.
The Residential market is on the rise. Over 30 businesses were sold in the last 12 months to foreign
immigrants.
The market is host to large amounts of rural areas with

redevelopment potential. highway in Innisfil.
A new high speed foot passenger ferry to downtown

Vancouver is coming this spring.
Georgian Downs Harness Racetrack is located along the
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n n
p n n
n n n
n n n
p q q
p q q
p q p
p p n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
#17-4980 Rutherford Rd. Nanaimo, British Columbia V9T 4Z4 (866) 664-3444
69
Canada - Newmarket, Ontario
Canada - Orillia, Ontario
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Newmarket, Ontario
14
83,000
26,000
$96,680 CAD
66,305
1.30%
Orillia, Ontario
11
30,586
11,234
$56,951 CAD
11,324
4.30%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Magna is still a major employer for the Newmarket area. Vacancy is falling due to successful local business climate. Rapid transit project for Davis Drive nears the halfway point. Residential development continues in north-west and southeast sections of the town. Newmarket.
Casino Rama remains Orillias largest employer. Downtown revitalization brings new small businesses. The city has experienced moderate growth at rates around
1.9%.
New homes are being constructed in the north-west section of

the city.
Redevelopment of Davis Drive will change the face of Newmarket is home to Southlake Regional Health Centre and
Stronach Cancer Centre.
The Ontario provincial police headquarters remains a large

public sector employer.
Orillia is known as the sunshine city or mariposa, taking

the moniker from the sunshine sketches of a little town by Stephen Leacock.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n n
p q n
n n n
q p p
p n q
p n n
n n n
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
70
Canada - Ottawa, Ontario
Canada - Richmond Hill, Ontario
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Ottawa, Ontario
1,801
1,200,000
420,000
$93,280 USD
695,000
6.90%
Richmond Hill, Ontario
39
185,541
46,075
$84,000 CAD
95,432
3.70%
MARKET HIGHLIGHTS Unemployment rate in National Capital Region increases for 3rd straight month. The federal government, the largest employer (25% of workforce and occupying 60% of office space in Ottawa) sheds 10,600 employees in 2013. Other contributors are Retail and Construction. This has had a substantial impact on the local market and is expected to continue into 2014.
MARKET HIGHLIGHTS
Rapid transit via TTC is a major boost to the local economy. Vacancy is falling due to successful local business climate. Yonge Streets Condo Development is tremendous. Most new developed resides along Sefferson Sideroad and
multiple Infill projects across the town.
Office vacancy rates increased in downtown market while
they decreased in the suburbs. Overall vacancy rate is at 10.7% (793,000 SF). Landlords reduced rents and increased inducements to retain and attract tenants. Suburbs increased from 8.9% to 9.4%, while East Suburbs decreased from 4.1% to 4.0%. Overall negative absorption of 30,000 SF. Rental rates are stable. Street (Morguard Investments) is leasing well, attracting tenants from Class A, B & C buildings located in core and also fringe markets. This is attracting new businesses into Ottawa as well as core at below market rates. in demand. A municipal program to increase densification in older, central neighborhoods is in play. Traffic and parking may become an issue. Ottawas new LRT line, designed to ease congestion in and out of core, is under construction.
OFFICE retail
Most business in Richmond Hill are small businesses, with

more than half of all employers in the town having four workers or fewer.
Industrial vacancy rate increased 0.1% to reach 6.1%. West
Once considered the rose capital of the world, Richmond
Hill has in recent years seen a huge population upsurge, being Canadas fastest-growing community in the 1990s.
New 360,000 SF Class A downtown Office building at 150 Elgin
Residential condo developments continue to be active and
OFFICE
Vacancy
retail
industrial
multi-family
Vacancy
p q q
n q n
n q n
1749 Woodward Dr. Ottawa, Ontario K2C 0P9 (613) 728-2664
q p p
q p n
n n n
p n n
q n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial First Ottawa Realty, Brokerage
CONTACT
www.ottawacommercialproperties.com
71
Canada - Vaughan, Ontario
Canada - Victoria/Capital Regional, BC
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Vaughan, Ontario
105
290,000
85,000
$105,000 CAD
210,100
2.80%
Victoria/ Capital Regional District, BC
904
360,000
153,300
$79,350 CAD
183,700
5.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Home to Canadas Wonderland and the McMichael Art Gallery. Vacancy is falling due to successful local business climate. Industrial development along highway 400 dominates real
estate development.
Provincial (State) capital has been providing large number of

government employees and profits from their spending.
Vaughan is one of southern Ontarios fastest growing cities. The population has doubled since 1991. Mackenzie Vaughan Hospital is the new hospital proposed
According to Canadian statistics, the population grew 37.3% in a mere four-year period (more than 9.3% annually).
BC is home to three universities. Esquimalt Naval Base houses Canada Pacific Fleet. The above 3 facts provide economic stability, high employment
& high incomes.
Seaspan Shipyards recently won a large government

shipbuilding contract in British Columbia. entering market from offshore.
along major Mackenzie Drive (between highway 400 and Jane Street).
There is an increasing number of Multi-Family buyers
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n p
n n n
q p n
q p n
p q q
q p p
p p q
p q p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
CONTACT
3194 Douglas Ave. Victoria, British Columbia V8Z 3K6 (250) 383-1500
72
Canada - Waterloo Region, Ontario
Canada - Winnipeg Area, Manitoba
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Waterloo Region, Ontario
528
553,000
202,121
$79,020 CAD
296,700
7%
Winnipeg Area, Manitoba
184
750,000
262,000
$47,000 CAD
350,000
5.20%
MARKET HIGHLIGHTS In December, BlackBerry announced the sale of five office buildings in Waterloo to the University of Waterloo in a $41-million deal that is scheduled to close Feb. 14. U of W plans to occupy three of the buildings and lease back the other two to BlackBerry for a period of up to five years.
MARKET HIGHLIGHTS
CentrePort Transportation hub is located near the

geographical center of Canada and the US.
The BlackBerry portfolio in Canada has now been brought
to market. This includes 13 buildings in Waterloo and 2 in Cambridge, totaling more than 3 million SF of space opening up opportunity for many companies in the region looking for Class A space. BlackBerry remains committed to being headquartered in Waterloo, CEO John Chen said in the news release and plans to lease back some of the space. Light Rail Transit in Waterloo Region. Properties have been purchased, buildings are being removed, and stations are under construction. Construction could begin this summer on a 19km stretch of track that is part of stage 1 of the plan.
Immigration is putting pressure on all areas. New major tenants include: Ikea, Cabelas and Facebook. Cheap electricity rates are a major draw for manufacturing. The Canadian Museum of Human Rights is set to open in 2014. Major expansion is occurring at the Winnipeg Convention
Center.
Development has begun along the rail lines in preparation for
Aeryon Labs Inc announced a new office location and
expansion for the second time in two years, now occupying 40,000 SF of Office and Manufacturing space in Waterloo. The move is a result of significant growth that the company has realized in the last few years. The company is a provider of the small Unmanned Aerial System (sUAS) to civil and military customers and other commercial business partners around the globe. John Hoffman, sales representative, Coldwell Banker Peter Benninger Realty, represented the Landlord.
OFFICE retail
OFFICE
Vacancy
retail
industrial
multi-family
Vacancy
n p n
n n n
p n q
p q p
N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
n
N/A
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Peter Benninger Realty, Brokerage
508 Riverbend Dr. Kitchener, Ontario N2K 3S2 (519) 743-5211
CONTACT
Coldwell Banker Commercial Preferred
5-1530 Taylor Ave. Winnipeg, Manitoba R23N 1Y1 (204) 985-4300
www.coldwellbankercommercial.ca
73
www.coldwellbanker-winnipeg.com
Cayman Islands - Grand Cayman
Costa Rica
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Grand Cayman
75
55,000
15,000
$6,5000 USD
38,500
6%
Costa Rica
19,653
4,586,353
1,300,000
$12,600 CRC
2,198,000
7.50%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Grand Cayman is home to the largest Office market of all the

offshore financial centers in the Caribbean. high.
Demand for first generation Class A Office space remains The demand for 2nd and 3rd generation Class B space softens
as new developments outside of downtown Georgetown are built. in areas with low exposure. Office market.
Starbucks opened its first location in Costa Rica. There has been a 57% Increase in gross sales volume for
Coldwell Banker Costa Rica.
GDP has grown by 5.1% in 2012. Free Trade Zones continue to expand, which is attracting
international companies.
Retail remains strong with 5.8% vacancy, which mostly exists Overall Office rates have stabilized in Caymans 3 million SF Retail rents have stabilized in Grand Caymans 1.2 million SF
Retail market.
Major improvements in highway and transportation continue.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n n n
n n n
n n q
n n n
p q q
p q q
q p p
p q q
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Cayman Islands Realty
1364 Bay Rd. Georgetown, Grand Cayman PO BOX 32308 1 345 945-4411
CONTACT
Coldwell Banker Commercial Costa Rica
50 Meters North of Hotel Roca Verde Dominical, Puntarenas 8000 (877) 211-5275
www.caymanislandsrealty.com
74
www.coldwellbankercostarica.com
France
Greece
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
France
674 843 km
65,700,000
N/A
N/A
N/A
5.70%
Greece
50,949
10,815,197
3,664,392
21,888 EUR
3,793,100
24.20%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Company owners anticipate an economic growth: 2/3 of

the companys office search is linked to the economys improvement.
2013 ended with the sale/privatization of Astir Vouliagmenis

to Jermyn Street Real Estate Fund IV LP following the improved financial offer amounting to 400 million. ongoing recession for a record 6th consecutive year. ranks as one of the best years of late.
54% of French companies take a maximum of 6 months to find

their offices (against 44% in 2012). Less than 20% of French companies have a year to find their office (1/3 in 2012).
Vacancy in all types of real estate is constantly rising due to Real estate deals in Greece totalled 1.8 billion for 2013. 2013 The resurrection of the Residential market depends upon A stable property taxation system has finally been
making Greece very attractive to investors. foreign buyers wishing to purchase vacation homes and take advantage of the new Greek residence permit law. established. Greece is hoping to attract overseas investments.
French companies are attracted by short-term office solutions

(like business centers): 1/4 of French companies follow that trend (3 times more than in 2012). their office search.
80% of companies managers consider online websites for In Q3 2013, GNP shows a decrease of 0.1% after a 0.6 increase
in Q2 2013. In 2013, unemployment rate increased to 5.7% (approx. 3 million unemployed, which impacts the Offices market).
Property prices have fallen as much as 50% from 2009,
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
p q q
q q q
q p n
n n n
p q q
p q q
N/A N/A N/A
p q q
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial France & Monaco
8 Rue Lamennais Paris, Ile de France 75008 +33 01 83 53 53 53
CONTACT
Coldwell Banker Commercial Hellas
Omirou 8 Athens, Attica 10564 (+30) (210) 322-8228
www.coldwellbanker.fr
75
Ireland - Republic of Ireland
Italy
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Republic of Ireland
45,000
4,600,000
1,850,000
33,000 EUR
2,000,000
12.50%
Italy
116,303 60,900,000 25,000,000
32,650 EUR
22,750,000
12%
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Ireland exits Bailout Program with IMF and EU. Capital values rose for the first time since 2008. Annual value of transactions has doubled throughout 2012. Dublin sees the largest increases in values. Irish economic growth is predicted to top the EU. Finance availability has improved slightly, but remains poor.
The sentiment of the Italian real estate market has become

positive due to the fact that Italy is back on the foreign investors radar.
In 2013, the Italian real estate industry, especially in Q3 and
Q4, has shown a strong interest by institutional investors, mostly foreign, especially in the Retail and Hospitality sectors. volume has highlighted a positive trend: Q4 has more than doubled ($1.8 billion) in terms of volume compared to the first, scoring a total volume on an annual basis to $4.8 billion. and financial stability as well as an effective policy of repricing.
As a result, an analysis of the Italian Real Estate investment This recovery is mainly due to an increase of Italian political The prime market values remain stable. The demand for The Office market in general is down and has recorded
quality products placed in central locations with a low risk profile remain highly valued by investors. decreases in the values of prime rent. However, the supply of office space has increased again since companies are reducing the space occupied. This trend will continue as a growth of employment should occur before the end of 2014.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
q p p
n n n
q p n
32 Lower Leeson St. Dublin, Ireland 2 (+ 353) (1) 411-0012
q p p
p n q
q p n
p q q
Via Sardegna, 50 Rome, Italy 00187 +39 06 3974.0456
n n n
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Property Consultants
CONTACT
Coldwell Banker Commercial S.p.A.
www.coldwellbankercommercial.ie
76
www.cbcommercial.it
Mxico - Mxico City
Puerto Rico
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Mxico
1,964,375 119,426,000 km2
N/A
N/A
52,309,335
N/A
Puerto Rico
3,562
3,526,677
854,987
$31,000 USD
1,197,200
15.40%
MARKET HIGHLIGHTS
During 2013, performance of domestic demand was somewhat

slow, mainly due to the economic conditions of the country, which led to a drop in consumption.
It is estimated that in 2014, there will be a GDP growth This year started with defined reforms.
MARKET HIGHLIGHTS Major Retail & food industry franchises are opening shop inside the island. Their main focus has been in the central of the island and other larger cities with higher density. Consumer product purchase is high with a 10% increase from last year.
between 3.5% and 4%, with inflation at less than 3.7%, which will help revive domestic consumption and growth for the Retail sector as in previous years. This allows companies to focus on their strategies for either expansion or reduction, by generating movements in the property market in the first quarter of the year. entities in past years on infrastructure and connectivity, along with the certainty of changes in structural reforms, leads the way for a market recovery, providing logistical and cost benefits to markets motivated by connectivity. Supermarkets and Department Stores (ANTAD), this year the market accumulated a nominal 5.2% growth in total stores, including all openings in the last 13 months. constructed in 42 buildings, within 10 Office submarkets.
Several large scale energy suppliers and services have been

speculating sectors inside the island while making large purchases of land on the central and south end of the island. 25% with new chains absorbing independent hotel owners. Financial investment and upgrades have given a positive impact to the island in these acquisitions.
Hotel and Hospitality sectors have seen an increase of over The lack of funding for Commercial structures inside the Foreclosure of Land and Commercial buildings are on
The investment performed by the government and private
island has caused a decrease in market value as well as an increased the buyers pool of outside investors who are attracted to the high commercial rent and lower property tax. the rise, giving investors great opportunities. Financial institutions are more open to price negotiation with their Commercial properties. inventors and over seas investors have been eliminated, but there are future legislative bills that hope to establish new Tax Incentives in and outside of the Commercial Real Estate sector.
OFFICE retail
industrial
According to reports from the National Association of
In the period 2014-2017, more than 1.3 million Sq m will be
Many of the Tax Incentives that were offered to outside
OFFICE
Vacancy
retail
industrial
multi-family
multi-family
p p p
q p n
p p q
Montes Urales 415 1 Lomas de Chapultepec Mexico, Mexico 11000 (55) 4162-1000
N/A N/A N/A
Vacancy
p q q
n q q
p q q
q p p
Absorption
Absorption
Rental Rates
Rental Rates
CONTACT
Coldwell Banker Commercial Mexico
CONTACT
Coldwell Banker Commercial KF Real Estate
530 Constitution Ave. San Juan, Puerto Rico 00901 (787) 433-0077
www.cbcmexico.mx
77
www.cbcommercialpr.com
Spain
United Arab Emirates - Dubai
DEMOGRAPHICS
CBSA Square Miles
Population
Households
DEMOGRAPHICS
CBSA
Square Miles
Population
Households
Employees (Total)
Unemployment
Spain
504,782 45,000,000 15,000,000
$24,000 USD
23,000,000
25%
Dubai
2550.68
2,106,000
148785
18,248.6 AED
N/A
N/A
MARKET HIGHLIGHTS
MARKET HIGHLIGHTS
Spain is recovering faster than expected. Foreign investment

flows to Spain again.
The major tenant that moved into the market was a large
multinational oil company.
The crisis has decimated the real estate sector, leaving

incredible opportunities behind.
Vacancy is falling because of UAE regulation and tax free

initiatives. This is attracting companies to move in.
The lack of backing from the financial sector and the locals
opens the door to foreign investors, who are taking advantage of low prices. Madrid is expected to go up again in 2014. There is a need of new construction in the downtown areas of Barcelona and Madrid. affecting local consumption and of course real estate prices, mainly all over the country. point, and this is the entry point for foreign investors.
New construction is going on. There are big changes in the Residential market according to New companies have moved in, and investors have started to
invest again in good opportunities and bulk deals.
The Residential market in premium areas of Barcelona and
the demand. There are more than 400 new companies opening every month with new employees moving from all around the world to Dubai.
The unemployment rate is still high in Spain. This is directly
The most interest in the area is in tax free country, high
As seen in the last 12 months, Spain has reached the turning
end property, rules and regulation, and good investment opportunities.
OFFICE
Vacancy
retail
industrial
multi-family
OFFICE
Vacancy
retail
industrial
multi-family
n p n
n p n
q p n
Avda. Diagonal 433, 3 2 Barcelona, Catalua 8036 (+34) 93 241 30 82
n p n
q
N/A
q
N/A
q
N/A
q
N/A
Absorption
Absorption
Rental Rates
Rental Rates
p
Citadel Tower Dubai, U.A.E 73618 +971 4 439 1200
CONTACT
Coldwell Banker Commercial Spain
CONTACT
Coldwell Banker Commercial UAE (Mega Homes Real Estate)
www.cbc-spain.com
78
www.coldwellbanker-ae.com
INDEX BY MARKET
Acadiana, LA Albany/Capital Region, NY Albuquerque MSA, NM Antelope Valley, CA Athens, GA Atlanta MSA, GA Atlanta, Greater MSA, GA Austin, TX Bloomington/Normal, IL Brevard County, FL Bryan/College Station, TX Bucks Co, PA/Hunterdon Co, NJ, PA/NJ Buffalo/Rochester, NY Carmel/Monterey Peninsula, CA Central New Jersey, NJ Champaign/Urbana, IL Charleston MSA, SC Charlotte MSA, NC Chattanooga Metro, TN Cheyenne, WY Chicagoland, IL Chico, CA Cincinnati, OH Columbia, SC Corona/Riverside, CA Dallas/Ft. Worth, TX Daytona Beach/Ormond Beach, FL Denver County, CO Denver, CO DuPage County, IL Fargo/Moorhead, ND Florida Keys, FL Fredericksburg, VA Gainesville, FL Garden City, KS Greenville, SC Gulfport/Biloxi, MS Honolulu, HI Houston County, AL Houston, TX Huntsville, AL Indianapolis, IN Inland Empire/Victor Valley, CA Jacksonville, FL Kansas City Metro Area, KS King County, WA Knoxville - East, TN Kootenai County, ID Lackawanna/Luzerne Counties, PA Lakeland/Winter Haven MSA, FL Lincoln, NE Little Rock, AR Long Beach/South Bay, CA Long Island, NY Los Angeles/San Fernando/San Gabriel, CA Louisville Metro, KY Lubbock, TX Lynchburg, VA Macon, Bibb County, GA Madison, Greater, WI Mankato, MN Melbourne/Palm Bay/Titusville, FL Miami-Dade County, FL Midcoast, ME Minneapolis Metro, MN Modesto MSA, CA Montgomery/Central, AL Morris County, NJ Myrtle Beach, SC Napa/Sonoma Valleys, CA Naples/Ft. Myers, FL Nashville MSA, TN New Hanover County, NC New Orleans, LA New York, NY Newport Beach, CA 37 43 43 6 27 28 28 55 31 17 55 49 44 7 41 32 50 45 53 65 32 7 47 51 8 56 18 16 15 33 46 18 60 19 34 51 39 30 4 56 4 34 8 19 35 62 54 31 49 20 40 5 9 44 9 35 57 60 29 64 38 20 21 38 39 10 5 42 52 10 21 54 46 37 45 11 Northern, NJ Oklahoma City MSA, OK Orange City/Debary, FL Orange County Coast, CA Orange County, CA Orlando MSA, FL Paducah/McCracken County, KY Peachtree City, GA Pittsburgh, PA Port Orange/New Smyrna Beach, FL Port St Lucie, FL Portland, OR Rapid City, SD Reno/Sparks MSA, NV Rio Grande Valley, TX Rock County, WI Roseville/Placer County, CA Sacramento, CA Salem/Keizer, OR Salt Lake/Utah County, UT San Bernardino/Inland Empire, CA San Diego, CA San Mateo County, CA Sarasota/Manatee/Charlotte, FL Savannah, GA Seattle, WA South Florida, FL South/Central, TX Southeast, FL Southeast, TX Southern, KY Southwest Riverside County, CA Spartanburg, SC Spotsylvania County, VA St Lucie County, FL St. Joseph, MO Tacoma/Puyallup, WA Tallahassee, FL Tampa Bay, FL Tazewell County, IL Vancouver & Southwest, WA Vero Beach, FL Waco, TX West Los Angeles, CA Western, CO Western, CT Williamsburg/Hampton Roads MSA, VA 42 47 22 12 11 22 36 29 50 23 23 48 53 41 57 64 6 12 48 59 13 13 14 24 30 62 25 58 25 58 36 14 52 61 24 40 63 26 26 33 63 27 59 15 16 17 61
INTERNATIONAL
Bermuda 66 Canada - Aurora, Ontario 67 - Barrie, Ontario 67 - Campbell River, British Columbia 68 - Courtenay/Comox, British Columbia 68 - Innisfil, Ontario 69 - Nanaimo, British Columbia 69 - Newmarket, Ontario 70 - Orillia, Ontario 70 - Ottawa, Ontario 71 - Richmond Hill, Ontario 71 - Vaughan, Ontario 72 - Victoria/Capital Regional, British Columbia 72 - Waterloo Region, Ontario 73 - Winnipeg Area, Manitoba 73 Cayman Islands - Grand Cayman 74 Costa Rica 74 France 75 Greece 75 Ireland - Republic of Ireland 76 Italy 76 Mxico - Mxico City 77 Puerto Rico 77 Spain 78 United Arab Emirates - Dubai 78
Sources of Information & Disclaimer Each market information comes from the CBC affiliate listed as the contact. Information is deemed from sources considered reliable. Various sources of the data include but are not limited to: CoStar, Reis and LoopNet. Demographic information was accessed from EASI Demographics and 2010 Census. A Core Based Statistical Area (CBSA) 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. 2014 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC.
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2014 Coldwell Banker Real Estate LLC/dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Each agent and broker is responsible for complying with any consumer disclosure laws or regulations arising from participation in this program.

2013 Year End Blue Book

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2013 Year End Blue Book

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2013

SEMI-ANNUAL Marketing Intelligent Report

17.1% 3,110,000 $28.47

23 Markets 73 Markets 24 Markets

11 Markets 92 Markets 17 Markets

6 Markets 90 Markets 8 Markets

14 Markets 76 Markets 7 Markets

71 Markets 20 Markets 26 Markets

87 Markets 14 Markets 15 Markets

89 Markets 12 Markets 15 Markets

75 Markets 11 Markets 19 Markets

51 Markets 21 Markets 45 Markets

56 Markets 18 Markets 45 Markets

67 Markets 7 Markets 43 Markets

73 Markets 8 Markets 26 Markets

*Based off 122 US Markets (Information was N/A in certain sectors)

4 Markets 116 Markets 2 Markets

Dec 2012 vs Dec 2013 Source: Bureau of Labor Statistics

Household Income Median

In March, Houston County will be hosting the first meeting

Household Income Median

Little Rock- North Little RockConway, AR

Bass Pro Shops opened to huge holiday crowds at Gateway

Retail vacancy rate dipped to 5.3% by end of 2013,

New England Development Co. of Newton, MA., plans a

Vacancy is falling due to the unique position Montgomery

Household Income Median

Los AngelesLong BeachSanta Ana, CA

City of Hope finished construction of a 56,195 SF full-service

Kaiser Permanente broke ground on 136,000 SF Medical

N/A N/A N/A

Household Income Median

After decades of little to no development, the outlook is

Employment levels are improving.

There were 1,300 new jobs

The latest re-use proposal for the former Holman Building

of smaller units and some new Warehouse construction is planned.

New Retailers in the area include: Dollar General, Dollar Tree,

Agricultural industry is doing well. However, drought is a

N/A N/A N/A

CA - Inland Empire/Victor Valley

Household Income Median

RiversideSan Bernardino Ontario, CA

With construction activities increasing, the expansion of

Retail space in well anchored shopping centers is now at a

Two new super Walmarts opened in 2013, with a 3rd under

Multi-Family continues to perform well in the area. After

CA - Long Beach/South Bay

CA - Los Angeles/San Fernando/San Gabriel

Household Income Median

Los AngelesLong BeachSanta Ana, CA

Los AngelesLong BeachSanta Ana, CA

Mercedes Benz USA leased 1.1 million SF in the Long Beach

Multi-Family: 4-6,000 high end rental units are under

construction, and there are more buyers than ever before.

Retail: One of the most notable sale transactions in 2013 was

Retail: The vacancy rate in Los Angeles has decreased to

Household Income Median

Stanislaus County is located in the Central Valley.

Upvalley, in Calistoga, two new restaurants, 1226 Washington

The major industry is AG-related, employing approximately

In St. Helena, commercial lease rates remained steady,

Well located shopping areas have been attracting new tenants

There have been major layoffs in the government sector based