About |
Offices |
People |
News |
Contact |
REALTrac™ |
Market Research

Properties
 


Western (Greater Springfield), Massachusetts

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

Market Research provided by NAI Samuel D. Plotkin Assoc.
Last Updated: 29-Oct-2009		 Market Overview
Print This Page
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 15.0% N/A
Class B (Secondary) $ 10.00 $ 14.00 $ 12.00 20.0% 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 10.0% N/A
Class B (Secondary) $ 11.00 $ 16.00 $ 14.00 15.0% N/A
 
Industrial
Bulk Warehouse $ 2.00 $ 5.25 $ 3.00 12.0% N/A
Manufacturing $ 3.00 $ 5.25 $ 3.75 12.0% N/A
High Tech / R&D $ 6.00 $ 8.00 $ 7.00 6.0% N/A
 
Retail
Downtown $ 8.00 $ 15.00 $ 12.00 15.0% N/A
Neigborhood Service Centers $ 8.50 $ 16.00 $ 10.50 11.0% 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 (Price/Acre) High (Price/Acre)
Office in CBD N/A N/A
Land in Office Parks $ 60,000 $ 100,000
Land in Industrial Parks $ 55,000 $ 75,000
Office/Industrial Land - Non-park $ 50,000 $ 200,000
Retail/Commercial Land $ 100,000 $ 1,000,000
Residential $ 10,000 $ 300,000

 

Home | Contact Us | Privacy Policy | Site Admin Build on the power of our network™ 1 609 945 4000
NAI Global® is not affiliated with the Appraisal Institute®, or its MAI designation.