Doug Marshall, CCIM
Market Assessment


The first 6 months of 2010 has come and gone and we’re well into in the second half of the year!

Tanya Williamson, in my office, analyzed the transaction activity this year and compared it to the activity in the first six months for the last four years to get an idea of where things were and where they are today.

To come up with this information she used the CoStar Database focusing on the criteria below:

· Transactions Closed January 1st to June 30th of Each Year

· Investment Activity Only

· Office, Flex, Industrial, Retail, Mixed Use, and Multi-Family Properties

· Transactions $1M and Higher

· Arms Length Transactions Only

· Transactions Completed Along the I-5 Corridor from Kelso to Eugene, including Bend

Based on the criteria above she came up with the transaction activity for the first 6 months for each of the last 5 years, which is seen below.

2006 – 201
2007 – 251
2008 – 140
2009 – 86
2010 – 59

She went even further and broke the transactions down by property type and put together the chart below:

cid:image001.gif@01CB2735.4A475590

Here are the actual figures used in the chart above:

 

Multi-Family

Retail

Office

Industrial

Mixed

Flex

2006

90

52

21

27

5

6

2007

86

75

38

32

14

6

2008

60

23

28

24

2

3

2009

35

16

17

13

5

0

2010

25

24

2

7

1

0

This information does not include transactions under $1 million or owner-user properties so the actual activity is higher for each year but this gives you an idea of investment activity over the years for properties sold for $1 million and higher.

It’s really eye-opening to see how low the activity has fallen from the peak; it really puts the severity of this downturn into perspective.

It’ll be really interest
ng to see the activity for the first 6 months of 2011, hopefully the trend doesn’t continue and things start to creep up again.

For the next update we’re going to focus on the 2010 activity seen above. We will breakdown how those 59 transactions were financed to give you an idea of the financing activity in our area.

It should be interesting to see how many of those transactions were all cash buys or seller financed.

Stay tuned.