By Tony Franco
\nThe first half of the 2013 commercial real-estate transactions and results for apartments and office\/retail buildings are in. Using various online tools and interviewing real-estate brokers who specialize in coastal commercial real es-tate, I have analyzed the first half of 2013\u2019s apartment and office\/-retail markets for commercial properties located in the 92106 and 92107 ZIP codes. Apartments in the 92106 and 92107 ZIPs: five sold transactions totaling $8,473,000, with an average capitalization (CAP) rate of 4.59 percent, and an average price-per-unit equal to $201,738. The average market time was 50 days. In 2012, there were 11 transactions with an average price per unit of $186,055. Office\/retail buildings in the 92106 and 92107 ZIPs: only one sold transaction totaling $800,000 at 4932 Newport Ave. The price per square foot was $229. In 2012, there were a total of eight sold transactions in the 92106 and 92107 ZIPs. There are currently only four office\/retail buildings for sale in the 92106 and 92107 ZIPs.
\nFor both apartments and office\/-retail buildings, the low CAP rates, high prices and low velocity of transactions are clear indicators that we are in a seller\u2019s market, meaning there is a low supply of apartments and office\/retail buildings listed for sale and there are a lot of buyers looking to invest. If you\u2019re considering selling your commercial real estate in a favorable market by the end of 2013, contact your local broker and get started with a free opinion of value.
\n\u2014 Tony Franco is a coastal commercial real-estate expert. He can be reached at (858) 717-1697.<\/p>","protected":false},"excerpt":{"rendered":"
By Tony Franco The first half of the 2013 commercial real-estate transactions and results for apartments and office\/retail buildings are in. Using various online tools and interviewing real-estate brokers who specialize in coastal commercial real es-tate, I have analyzed the first half of 2013\u2019s apartment and office\/-retail markets for commercial properties located in the 92106 […]<\/p>","protected":false},"author":1475,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"11560","_seopress_titles_title":"REAL-ESTATE ROUNDUP: First half of 2013 commercial real-estate results: a seller\u2019s market","_seopress_titles_desc":"","_seopress_robots_index":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[11560,11593],"tags":[],"class_list":["post-303260","post","type-post","status-publish","format-standard","hentry","category-la-jolla-village-news","category-no-images"],"_links":{"self":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/303260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/users\/1475"}],"replies":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/comments?post=303260"}],"version-history":[{"count":0,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/303260\/revisions"}],"wp:attachment":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media?parent=303260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/categories?post=303260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/tags?post=303260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}