Tim Leigh’s Weekend Market Report
Hoff & Leigh, Inc.
Leasing; Sales; Management; Buyer or Tenant Representation
4445 Northpark Drive, Suite 200
Colorado Springs, CO 80907
June 14, 2009
Attached is our complete listing of all properties for sale in Colorado Springs, based on property type - office, industrial and condo. This is the most complete listing that we are aware of. It’s our goal to provide this information, updated weekly. We develop these lists by basic research and cross-checking data points from the PPCIE, local broker's individual web sites, The Turner Book and any other public information domain we can find.
You are receiving this information because, at some point, you asked or a friend referred your name to be included in our e-mail Insider’s List. If you no longer wish to receive this information, send an e-mail reply to me (tim@hoffleigh.com) and ask to be removed. Alternatively, if you know someone who could benefit from the receipt of this information, forward this e-mail to them, and suggest they contact us, so we can consider adding them to our exclusive list.
All Market Average Office Building Sale Price PSF = $110.87 (UP from $109.04 last week.)
We are currently tracking 134 office buildings for sale.
This is 1,404,555 square feet, which represents a total market value of $155,720,148.
All Market Average Industrial Building Sale Price PSF = $78.30 (DOWN from $78.74 last week.)
We are currently tracking 114 industrial buildings for sale.
This is 1,551,990 square feet, which represents a total market value of $121,528,406.
To view our most recent Colorado Springs Business Journal Ad please click below
http://hoffleigh.com/Doc/June%2014.pdf
Tim’s Market Notes:
Same story from last week; the market seems overvalued. Industrial buildings are overvalued by nearly $41,000,000; office buildings are overvalued by nearly $51,000,000. Those are startling numbers. What’s it take to correct the difference? Either the Obama inflation, which by the way has historical precedent; it was the same plan enacted by Roosevelt in 1932, or a continued reduction of sale prices. I vote for the inflation. Like all debtors, with inflation, I begin to look fairly brilliant and I can use all the help I can get!
Sincerely,
TJL
Tim Leigh
719-337-9551
Tim@HoffLeigh.com
To view our Office Matrix List please click below
http://hoffleigh.com/OfficeInsider.aspx
To view our Industrial Matrix List please click below
http://hoffleigh.com/IndustrialInsider.aspx
Hoff & Leigh, Inc.
Leasing; Sales; Management; Buyer or Tenant Representation
4445 Northpark Drive, Suite 200
Colorado Springs, CO 80907
June 14, 2009
Attached is our complete listing of all properties for sale in Colorado Springs, based on property type - office, industrial and condo. This is the most complete listing that we are aware of. It’s our goal to provide this information, updated weekly. We develop these lists by basic research and cross-checking data points from the PPCIE, local broker's individual web sites, The Turner Book and any other public information domain we can find.
You are receiving this information because, at some point, you asked or a friend referred your name to be included in our e-mail Insider’s List. If you no longer wish to receive this information, send an e-mail reply to me (tim@hoffleigh.com) and ask to be removed. Alternatively, if you know someone who could benefit from the receipt of this information, forward this e-mail to them, and suggest they contact us, so we can consider adding them to our exclusive list.
All Market Average Office Building Sale Price PSF = $110.87 (UP from $109.04 last week.)
We are currently tracking 134 office buildings for sale.
This is 1,404,555 square feet, which represents a total market value of $155,720,148.
All Market Average Industrial Building Sale Price PSF = $78.30 (DOWN from $78.74 last week.)
We are currently tracking 114 industrial buildings for sale.
This is 1,551,990 square feet, which represents a total market value of $121,528,406.
To view our most recent Colorado Springs Business Journal Ad please click below
http://hoffleigh.com/Doc/June%2014.pdf
Tim’s Market Notes:
Same story from last week; the market seems overvalued. Industrial buildings are overvalued by nearly $41,000,000; office buildings are overvalued by nearly $51,000,000. Those are startling numbers. What’s it take to correct the difference? Either the Obama inflation, which by the way has historical precedent; it was the same plan enacted by Roosevelt in 1932, or a continued reduction of sale prices. I vote for the inflation. Like all debtors, with inflation, I begin to look fairly brilliant and I can use all the help I can get!
Sincerely,
TJL
Tim Leigh
719-337-9551
Tim@HoffLeigh.com
To view our Office Matrix List please click below
http://hoffleigh.com/OfficeInsider.aspx
To view our Industrial Matrix List please click below
http://hoffleigh.com/IndustrialInsider.aspx
