CPEX Releases Annual Investment Sales Report

CPEX is proud to announce the release of its 2012 Eight-Year Investment Sales Report, a comprehensive survey of commercial real estate sales by product type throughout the five boroughs of New York City. Using rolling sales data from New York City's Department of Finance, CPEX summarized the total annual dollar volume, total number of sales, and average price per square foot from 2004 through 2011 for Vacant Land/Development Sites, Industrial, Mixed-Use, Multi-Family, Office, and Retail property types. Careful attention was paid to eliminate those data sets that could improperly skew the data beyond the natural limits for those property types in order to present an accurate synopsis of the New York City commercial real estate market over the past eight years. By analyzing market trends across each of the five boroughs, CPEX's annual Investment Sales Report can assist real estate and business owners with a current and up-to-date summation of the local marketplace. "Our research team outdid themselves this year. Our new report breaks out citywide statistics for the price per buildable square foot of development sites," said Timothy King, Managing Partner of CPEX. "This enhancement to the report will make it a must-read resource for our colleagues in the commercial real estate industry." For further information, please contact CPEX, [email protected] , or (718) 935-1800. About CPEX CPEX was founded in September 2008 by Timothy D. King and Brian T. Leary, two prominent leaders in the New York City commercial real estate industry. The founders have provided a broad range of real estate and business services locally, nationally and internationally throughout their career. CPEX provides a full range of services for both real estate and business owners, through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization for each market. Real estate services include: sales, leasing, acquisitions and advisory. Business services include: sales, acquisition, and advisory. CPEX adds additional resources and support to its teams. Each business line is backed by its own dedicated operations team. The operations team carries out tasks such as scheduling, preparing materials and documentation, client reporting, coordinating public relations, advertising and marketing efforts, and working with CPEX administration. Teams are further supported by our centralized in-house research, technology and marketing & media groups. This quality of support allows our sales force and advisory team to remain singularly focused on executing assignments. The CPEX operating platform consisting of multiple people working together in a specialized system is proven to achieve maximum results for our clients.