Market Overview

Shopping Center Prices

The last 6 months saw the number of shopping center listings fall 20 percent, with 60 fewer properties for lease but only 2 fewer for sale. Lease prices rose about 50 cents per square foot and sale prices increased $25 per square foot. There are currently 214 shopping centers listed for sale and for lease, with 201 spaces for lease at an average $15.13 per square foot and 13 centers for sale at an average price of $95 per square foot. Last month 5 properties were leased and one sold. Over the last 12 months, lease prices averaged $14.72 PSF and sale prices averaged $108 PSF.