University Center Research Team Dr. Scott Dempwolf, Ph.D., EDA Center Director Zhi Li, Ph.D. student...
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University Center Research Team Dr. Scott Dempwolf, Ph.D. , EDA Center Director Zhi Li, Ph.D. student Kerry Li Fang, Ph.D. Student Jiemin Wu, Ph.D. student University of Maryland, College Park U.S. Economic Development Administration University Center Dr. Marie Howland, Ph.D. June 28, 2014 Real Estate Condition in Montgomery County, Maryland
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Economic Recession ( ~ ) Office Total Vacancy Rate has decreased by around 0.6% from Q to Q4 2013
Transcript of University Center Research Team Dr. Scott Dempwolf, Ph.D., EDA Center Director Zhi Li, Ph.D. student...
University Center Research TeamDr. Scott Dempwolf, Ph.D. , EDA Center Director
Zhi Li, Ph.D. studentKerry Li Fang, Ph.D. Student
Jiemin Wu, Ph.D. student
University of Maryland, College Park U.S. Economic Development
AdministrationUniversity Center
Dr. Marie Howland, Ph.D.
June 28, 2014
Real Estate Condition in Montgomery County, Maryland
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q42007 2008 2009 2010 2011 2012 2013
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%14.3%
Q3 2009 13.7%Q4 2013
Office Vacancy Rate in Montgomery County, Maryland
Total Vacancy Rate
Vaca
ncy
Rate
(%)
Economic Recession (12. 2007 ~ 6. 2009)
Office Total Vacancy Rate has decreased by around 0.6% from Q3 2009 to Q4 2013
Sources: CoStar Group, January 7, 2014
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q42007 2008 2009 2010 2011 2012 2013
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Office Vacancy Rate in Montgomery County, Maryland
Direct Vacancy Rate
Sublet Vacancy Rate
Total Vacancy Rate
Vaca
ncy
Rate
(%)
Sources: CoStar Group, January 7, 2014
Economic Recession (12. 2007 ~ 6. 2009)
Office Total Vacancy Rate has decreased by around 0.6% from Q3 2009 to Q4 2013
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2007 2008 2009 2010 2011 2012 2013
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
-250,000
0
250,000
500,000
750,000
1,000,000
Office Vacancy Rate in Montgomery County, Maryland
Total Vacancy Rate Net Change of RBA from Previous Quarter
Vaca
ncy
Rate
Net Change of RBA (thousand square feet)
Sources: CoStar Group, January 7, 2014 RBA: Rentable Building Area
Office Total Vacancy Rate has decreased by around 0.6% from Q3 2009 to Q4 2013
Economic Recession (12. 2007 ~ 6. 2009)
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2007 2008 2009 2010 2011 2012 2013
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
66,000,000
67,000,000
68,000,000
69,000,000
70,000,000
71,000,000
72,000,000
73,000,000
Office Vacancy Rate in Montgomery County, Maryland
Total Vacancy Rate Total RBA in Office Building
Vaca
ncy
Rate
Total RBA (million square feet)
Sources: CoStar Group, January 7, 2014 RBA: Rentable Building Area
Office Total Vacancy Rate has decreased by around 0.6% from Q3 2009 to Q4 2013
Economic Recession (12. 2007 ~ 6. 2009)
JanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ayJunJulAugSepO
ctN
ovDecJanFebM
arAprM
ay
2007 2008 2009 2010 2011 2012 2013 2014
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
Average Home Sale Price in Montgomery County, Maryland
Average Sold Price
Aver
age
Sale
Pric
e ($
)
Economic Recession (12. 2007 ~ 6. 2009)
Home Sale Price average annual growth rate is 2.9% since 6. 2009
$524,647May. 2014
Source: Real Estate Business Intelligence
