Third Quarter Commercial Market Update
Overall commercial sales for the third quarter were down 21% from the same quarter of 2008. There were 138 sales totalling $73,869,926.
Midtown (38104) had the most sales with 11 properties totaling over $3.6 million. Hickory Hill North (38115) had the highest revenue with 5 sales totalling over $13 million.
The largest commercial property sale was a 2-story truck terminal in 38118 for $4,150,000.
There were 32 commercial foreclosures for the quarter with an average foreclosure amount of $28,479. West Person/Elvis Presley had the most foreclosures with 5 Bank-Sales and an average foreclosure amount of $13,240. Midtown (31804) had the highest average foreclosure amount at $130,768 with 2 foreclosures.
Click here to read the latest article on the commercial sales from The Daily News.
