Rethinking the Box: Quick Update
Reuters has a great article up…
wait, strike that.
Reuters has a depressing, gloom-and-doom news article up with some excellent information in it: Actual average rent numbers (Bloomberg.com has a very similar article citing the same source)
National averages (lowest since 2007)
- $19.22 per sq.ft. for strip malls, compared to $19.59 last year
- $39.18 per sq.ft. for the largest regional malls, down from $40.62
Both cite Reis.com — Looks like Reis will sell you a market analysis report for something in the neighborhood of $1000 (they don’t list prices but their home page advertises a ‘sale price’ of $695; even a grand is cheap, though… equal to merely the first month’s rent on a scant 50 sq.ft. of your hypothetical retail space.)
So, one more resource for you folks and some real-world numbers we can plug into past and future calculations.
