With May 2024 behind us, we can compare the average price per square foot for May 2024 to May 2023. The average price per square foot in May 2024 was $1.33, a 15% decrease from May 2023’s $1.57.
It is worth noting that this study was conducted on the top 25 markets for REIT pricing data on 10×10 CC units. Secondary markets and tertiary areas are reporting YoY increases as we enter the lease-up season!
*Average price per square foot data based on 10x10CC REIT data within the top 25 markets
Check out previous months recap:
