from this morning's San Diego Business Journal (8/18):
Office Condos a Bright Spot in the Commercial Market
By MICHELLE MOWAD - 8/18/2008
San Diego Business Journal Staff
"With leasing activity slowing, office condominiums continue to do well with prices up 5 percent this year over last, according to commercial broker Cushman & Wakefield.
The average countywide office condo sales price as of June 30 was $366 per square foot, up from $347 per square foot for the same time last year.
Jennifer Gallivan, associate with Cushman & Wakefield’s San Diego office, said the rise in the average sales price for office condos is a signal that business owners still recognize the long-term appreciation potential of owning real estate.
In the past 24 months, Cushman & Wakefield said it completed 59 condo transactions valued at $43.5 million and totaling more than 109,000 square feet." ...
for the complete story
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