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Mobile/Baldwin Counties, Alabama

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Heggeman Realty Company, Inc.
Last Updated: 26-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 20.00 $ 25.00 $ 22.15 N/A N/A
Class A (Prime) $ 17.00 $ 20.00 $ 18.50 10.0% N/A
Class B (Secondary) $ 10.00 $ 15.00 $ 12.50 20.0% N/A
 
Suburban Office
New Construction (AAA) $ 20.00 $ 22.00 $ 21.00 N/A N/A
Class A (Prime) $ 15.00 $ 18.00 $ 16.50 10.0% N/A
Class B (Secondary) $ 9.00 $ 13.00 $ 11.00 20.0% N/A
 
Industrial
Bulk Warehouse $ 3.00 $ 4.25 $ 3.65 25.0% N/A
Manufacturing $ 2.75 $ 4.00 $ 3.37 29.0% N/A
High Tech / R&D $ 15.00 $ 20.00 $ 17.50 15.0% N/A
 
Retail
Downtown $ 8.00 $ 10.00 $ 9.00 10.0% N/A
Neigborhood Service Centers $ 10.00 $ 27.50 $ 18.75 10.0% N/A
Community Power Center $ 16.00 $ 20.00 $ 18.00 10.0% N/A
Regional Malls $ 18.00 $ 25.00 $ 21.50 10.0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 200,000 $ 1,200,000
Land in Office Parks $ 120,000 $ 217,800
Land in Industrial Parks $ 35,000 $ 87,120
Office/Industrial Land - Non-park $ 40,000 $ 261,360
Retail/Commercial Land $ 261,360 $ 871,200
Residential $ 20,000 $ 50,000

 

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