Industry Stats

The latest industry stats have been released for the national retail real estate sector. First quarter of 2008 shows a sales volume of only $49 billion, down $100 billion from Q1 of 2007 say Real Capital Analytics in Retail Traffic Magazine. Most blame the economy as the reason for the massive pullback by developers and retailers alike.

In regards to rental rates, New York stands alone as the highest per square foot rate for in-line retail space at $133/psf. Next highest is San Francisco at $70/psf. On the home front in Tulsa, average rates are hovering around $20/psf.

For more commercial real estate news and information, call Neil Dailey of McGraw Realtors at 918-853-7337 or email at ndailey@mcgrawok.com.