«The software takes the property management data that owners and managers are tracking today, ties it to space plans, and re-formats it either as a color - coded floor plan — for example,
by sales per square foot, rentable area calculations, or lease expiration dates — or as business graphics.»
According to a January tally by Green Street Advisors, only 40 % of Macy's stores are in «strong» malls as measured
by sales per square foot; the other 60 % are in the sorts of uninviting shopping centers where foot traffic is dwindling and department stores can feel especially vacant and gloomy.
Not exact matches
Sales spiked
by 54.5 % in 2017 while price
per square foot rose
by 13.6 %.
In Chicago, the Trump International Hotel and Tower saw
sales drop from 47 in 2015 to 18 in 2017 while the price
per square foot fell
by roughly 17 % last year.
Apple generates more
sales per square foot than any U.S. retailer, and
by a substantial margin.
The information needed to complete the appraisal ranges from comments
by the appraiser, if applicable, legal description,
sales price,
square footage and price
per square foot, age, condition, total rooms, date of appraised value and appraised value, among hundreds of other identifying aspects of the property.
As distressed
sales in Wailea Beach Villas have been an anomaly (that was the only REO ever listed and 1 short
sale was listed for 10 days prior to being cancelled),
by examining the data excluding that REO, the
sales price in 2011 was $ 1,766
per square foot.
A report
by Green Street Advisors in 2016 found that average
sales for 220 malls with Apple Stores came to $ 710
per square foot, compared with $ 630
per square foot for malls without Apple Stores.
Anchored
by Macy's, JCPenney and Strawbridge's, the 1.2 million -
square -
foot center is 94.5 percent leased and bringing in $ 404
per square foot in annual
sales.
The best they can do is look at a large number of
sales (which may not be comparable) and somehow come up with a price
per square foot to multiply
by your
square footage, which may be inaccurate.
Apple's retail stores — which recently celebrated their tenth anniversary — have become some of the most successful retail ventures in recent history, bringing in several thousands of dollars in
sales per square foot —
by far the best record in the industry.
Redfin took a look at homes on Multiple Listing Services (MLS), databases used
by real estate brokers, that sold between May 1 and July 31, 2013 to calculate median
sale price and price
per square foot of homes within school zones.
The Class A retail real estate market has also improved since last year as evidenced
by higher tenant
sales per square foot, the increased availability of lower - cost debt, and lower cap rates for Class A mall properties.