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Western (Greater Springfield), Massachusetts

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

Market Research provided by NAI Plotkin
Last Updated: 11-Nov-2010		 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) N/A N/A N/A N/A N/A
Class A (Prime) $ 15.00 $ 23.00 $ 18.00 12.0% N/A
Class B (Secondary) $ 10.00 $ 14.00 $ 12.00 22.0% N/A
 
Suburban Office
New Construction (AAA) $ 18.50 $ 22.50 $ 20.50 10.0% N/A
Class A (Prime) $ 13.00 $ 20.00 $ 16.00 15.0% N/A
Class B (Secondary) $ 11.00 $ 16.00 $ 12.50 15.0% N/A
 
Industrial
Bulk Warehouse $ 2.00 $ 5.25 $ 3.00 18.0% N/A
Manufacturing $ 3.00 $ 5.25 $ 3.50 18.0% N/A
High Tech / R&D $ 6.00 $ 8.00 $ 7.00 5.0% N/A
 
Retail
Downtown $ 8.00 $ 15.00 $ 12.00 15.0% N/A
Neigborhood Service Centers $ 8.50 $ 16.00 $ 10.50 15.0% N/A
Community Power Center $ 20.00 $ 30.00 $ 25.00 10.0% N/A
Regional Malls $ 25.00 $ 40.00 $ 30.00 10.0% N/A

Development Land Low () High ()
Office in CBD N/A N/A
Land in Office Parks $ 65,000 $ 90,000
Land in Industrial Parks $ 60,000 $ 75,000
Office/Industrial Land - Non-park $ 50,000 $ 150,000
Retail/Commercial Land $ 100,000 $ 1,000,000
Residential $ 10,000 $ 30,000

 

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