Rapidly Appreciating Market Creates Challenge in Assigning Values

February 17, 2022February 17, 2022 Alexa Broylesappraisals, appraiser, brokers, central ohio, columbus, commercial real estate, construction costs, e-commerce, market value, new building, real estate agents

Central Ohio’s rapidly appreciating commercial real estate market is leaving some brokers and buyers trying to figure out how to get the deal done. As buyers are pursuing some sectors of the commercial real estate market with vigor, prices are climbing at a pace that is making it difficult for appraisers to keep up with the market. Last year, the industrial sector saw record growth due to the e-commerce boom, and rent growth stemming from the pandemic. In Central Ohio, the industrial sector saw the price per square foot increase…