This 35.31 Acre parcel is located off of John Pitts Road on Wood Circle. Zoned R-2, this land can be subdivided, or enjoyed by one user. This is heavily wooded, raw land ready for a residential development in this growing area of unincorporated Bay County.
$202,000/MLS#617466
35.31
Acres
JUST
REDUCED!
7
Commercial segment, which grew by a similar 15.7% over the previous year, while its counterpart, the Investment Grade Index, advanced by an equally strong 15% over the same period.
In reporting on commercial property pricing trends, CoStar's CCRSI made note of the continued positive net absorption across the three major property types - office, retail and industrial - which totaled 378.2 million square feet, a 15.3% increase from the prior 12-month period. Consistent with recent pricing trends, net absorption within the General Commercial segment rose 48% during the same period, compared with a 5% annual gain for the same period in the Investment Grade segment.
In keeping with the pattern set in previous years, the number of properties trading hands over the first three months of year is typically one-third lower than year-end sale volume. However, despite the slowdown, the CCRSI noted that transaction activity through February 2014 suggests that the year as a whole will be very active for commercial real estate investment. Having racked up a composite pair volume of nearly $10 billion through the first two months of the year, 2014 has already exceeded first quarter 2013 totals.
The full CoStar Commercial Repeat Sale Indices (CCRSI) report, including an accompanying data set analyzing commercial property sales through February 2014, is available here.
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