The last 24 months saw shopping center lease prices rise from $10/SF to $35/SF, with an average reported lease rate of $15.34/SF on an average of 3 leases per month. However, last month lease prices rose to $35/SF but there were only 2 leases, so the $35/SF price should be an outlier. There are currently 187 shopping centers spaces listed for lease totaling 1,000,000 SF with the average 5,800 SF space listed for $14.32/SF. Last month there were 10 shopping centers for sale totaling 235,000 SF, with an average list price of $140, and no shopping centers have sold within the last 7 months and only 7 sold within the last year.
