According to Massey Knakal Research, transactional activity during the first six months set the course for 2014 to become a remarkable year. In 1H14, 478 properties sold, up 3% from the 2H13 and up 18% from 2013 in annualized terms.
Price per square foot and price per buildable square foot were up to new all-time highs. The average price per square foot in 2Q14 was $1,254, an increase of 13% of the quarter. Average price per buildable square foot was up to $530 in 2Q14, the highest value ever.