Commercial Investment Real Estate January/February 2017 | Page 9

MANHATTAN
$903 PSF
Volume: $26.58 B
140 Transactions
Top 15 Most Expensive U.S. Cities for CRE
SEATTLE
$339 PSF
Volume: $4.99 B
161 Transactions
SAN FRANCISCO
$571 PSF
Volume: $5.04 B
71 Transactions
DALLAS
Volume: $4.46
196 Transactions
PHOENIX
155 Transactions
CHICAGO
Volume: $7.45 B
189 Transactions
BOSTON
$367 PSF
Volume: $10.36 B
178 Transactions
WASHINGTON D.C.
$560 PSF
Volume: $4.14 B
SAN JOSE
$401 PSF
Volume: $4.56 B
LOS ANGELES
$335 PSF
Volume: $8.84 B
336 Transactions
MIAMI
$302 PSF
SAN DIEGO
$273 PSF
172 Transactions
ORANGE COUNTY
175 Transactions
AUSTIN
$273 PSF
ATLANTA
Volume: $4.11 B
170 Transactions
SALES PRICE PER SQUARE FOOT VOLUME IN BILLIONS NUMBER OF TRANSACTIONS
Source: Transwestern
iPhones at Macy’s to
Stem Sales Dip
To counter the trend for decreased demand and
traffic flow, Macy’s launched an Apple shop
within its New York City store in Herald Square.
This partnership is part of Macy’s collaborations
with other brands to create a mini-mall within its
stores and to reverse six consecutive quarters of
declining sales.
CCIM.COM
Institutional
Investors Hedge Their Bets
Acquisition of commercial real estate is high on the list for institutional
investors. They are expected to invest 10.3 percent in 2017 compared
to 9.9 percent last year, according to Cornell University’s Baker Program
in Real Estate and Hodes Weill. But many institutional investors have
shifted toward investment in niche properties such as student hous-
ing, medical office, and senior housing, which perform well during
economic downturns.
January | February 2017
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