where does one find specific market conditions ,current lease rates ect

is there a place/service that has detail ,with out having to travel and generate my own answers personnally lease rates ,vacancy factors,market conditions,
I have a single tenant bldg at just under 10,000 sq feet on one acre of parking ,retail across from 2 centers in boston mass ,looking for values sale coms and lease comps
In Market Conditions - Asked by Steve N. - Oct 1, 2009
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Eric D.
Fairfield, CA

You will find the most accurate and detailed information on the website(s) of any major commercial brokerage. Typically, this information is published quarterly and can be found in market reports. Additionally, you should contact the research department from a major brokerage that specializes in the market where your property is located. Ask a researcher for this information; or you can contact a broker; more seasoned brokers may talk to you about market conditions and trends, some may only provide the information if you list your property with them. After all, brokers sell their knowledge and experience. Try the website below and search for the market where your property is located. Good Luck!!!

Oct 5, 2009
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Anthony G.
Toms River, NJ

Steve N. -
How valuable is it to have the right answer? While I agree that you can call a major brokerage and get market information; it generally does not address the specifics of your property; or its market position.
Are you leasing/selling as-is? How much demand is there? Asking rates are nice; but actual lease deals and terms may show you what the market is accepting versus what's being asked.
I agree with Eric only if you want a general idea of where the market is. However, the majors generally track and report institutional class properties; and general market rates. I recommend you pay a broker for a broker price opinion; or a local commercial consultant/appraiser for actual data, inspect the site; write an opinion letter. It's still probably cheaper than flying out and spending 3-4 days on the roa doing recon - but at least the answer will be relevant to your property; and have some value.

Oct 6, 2009
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