Commercial Property Sales Trends-Q4 Sales Volume & Market Sales
According to the latest numbers, our industrial property market update for Will County in Q4 shows a few strong trends to be aware of.
Commercial Property Sales Trends
- Properties for sale: for the first time in a while now, there is a bit more inventory available than there has been.
- Industrial property pricing: despite the slight increase in available commercial properties for sale, pricing continues to rise. While a couple of sales may have affected the market last quarter, there is a definite upward trend in pricing over the past 12 months or so.
- Time on the market: the number of months to sell and industrial property in Will County is holding at about 10-12 months. Time on the market will usually depend on pricing and how aggressive owners are to make a sale.
If you need the help of an expert to interpret the trends being shown in the latest Will County industrial property market update and how they affect you, contact Chris Condon of John Greene Commercial today.