4 Jun, 2024
May Recap

Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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: