Tag: commercial real estate finance

The Cost of Operating a National Shopping Center

by Randybaconin Real EstateLeave a Comment on The Cost of Operating a National Shopping Center
The Cost of Operating a National Shopping Center (Chart of the Week)
The Institute of Real Estate Management (IREM), an international community of real estate managers, collected the national median income for open shopping centers based on average actual occupancy (AAO). The findings range from $15.28/SF to $25.45/SF. The Northeast and Mid-Atlantic regions reported the highest income/SF for open centers. The individual expense categories represent open shopping centers by proportion of total operating cost based on AAO. Insurance and taxes accounted for 45% of total operating costs; services consumed 14.2%; maintenance and repair and utilities accounted for 8% and 8.7%, respectively.
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Read more at: https://www.bisnow.com/national/news/retail/the-cost-of-operating-a-national-shopping-center-chart-of-the-week-51121?rt=title?utm_source=CopyShare&utm_medium=Browser

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Commercial Property Prices Continue to Rise

by Randybaconin Commercial Mortgage Lending, Real EstateLeave a Comment on Commercial Property Prices Continue to Rise

Prices on commercial real estate assets continued to move upward in July, the most recent period for which data is available, according to Moody’s/RCA Commercial Property Price Indices (CPPI). The all-property composite index rose 0.7 percent during the month, and 2.8 percent during the three-month period leading to July 31.

Prices on retail assets rose the most in July, by 1.7 percent, followed by prices on apartment buildings, which rose by 1.0 percent. Prices on office properties moved up 0.2 percent.

Read entire article at National Real Estate Investor

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