Colliers International Publishes Mid-Year 2015 Northeast Florida Investment Market Report

Colliers International’s Investment Services Team just released the Mid-Year 2015 Northeast Florida Investment Market Report. Aggregate investment volume was $818 million, led by multifamily at over $300M and net leased assets, followed by office and retail properties. Key takeaways from the report include:

  • GE Oil & Gas facility at Cecil Commerce Center trades in Q1 for $57.6M, a reported 6% CAP; FedEx distribution center also at Cecil Commerce trades in Q1 for $30.6M, over $100/SF
  • 5 Thousand Town, a class “A” mid-rise apartment building in the St. Johns Town Center broke the $200k/unit threshold
  • Flagler continues to divest itself of Northeast Florida assets, selling Jacksonville International Tradeport and Gran Park at the Avenues in May, and the DuPont Center in June
  • Currently and expected through 2015, investor demand outpaces supply of quality offerings

CLICK HERE to view the Mid-Year 2015 Northeast Florida Investment Market Report

The report is published semi-annually, and is co-authored by Scott Rogers, SIOR, CCIM, and Ernie Saltmarsh, IV

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on August 5, 2015, in General CRE News/Reports, Market Reports/Statistics and tagged , . Bookmark the permalink. Leave a comment.

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