Many have already seen charts like this one showing a big drop at the end of 2007. It explains the past four years of weak sales. The small uptick demonstrates the recent increase of deals. Since this is 2011 Q3 data, (but released earlier this month), I expect to see more improvements. The same indicators are alive in the market. A long way from peak conditions but in the right direction.
We looked at building prices over the past two years. We put in everything we could find – not adjusting for size or quality. From the beginning of 2010 until today we found prices about the same and slightly leveling down. As you can see for yourself on the above scatter chart, the average Gardena building is in the $80.00 range. It’s been dropping $5.00 or so over the period. With all the news regarding an increase in manufacturing and better employment numbers, so far these trends have not increased industrial building prices.
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