2012 Sedona Coldwell Banker Commercial mid year report blue book

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AZ - Sedona/Verde Valley

2012 MID YEAR MARKET REPORT
DEMOGRAPHICS MARKET HIGHLIGHTS

CBSA Flagstaff, AZ ‡ Historic Oak Creek Canyon Resort was sold and revitalized.
‡ Commercial vacancies are steady and trending downward.
Square Miles 18,617
‡ State is upgrading lighting in Sedona business corridor.
‡ 5HVLGHQWLDO XQLWV VDOHV DUH VWURQJ ZLWK D HDU ORZ LQYHQWRU
Population 130,596
‡ 6HGRQD +RWHO RFFXSDQF LV XS 7' IRU 4 DQG 6HGRQD
0DUDWKRQ XS
Households 46,597
‡ 6HGRQD LQWHUQHW LQTXLULHV DUH XS IRU 4 RI
Household
Income $52,993
Median

Employees (Total) 48,137

Unemployment 8.30%

OFFICE RETAIL INDUSTRIAL MULTI-FAMILY

Vacancy Q Vacancy S Q
Vacancy Vacancy T
Absorption Q Absorption T Absorption Q Absorption S
Rental Rates T Rental Rates Q Rental Rates Q Rental Rates S

: 6WDWH 5RXWH $ 6HGRQD $=

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