Indianapolis Times, Indianapolis, Marion County, 15 June 1952 — Page 52

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"PAGE 52 THE INDIANAPOLIS TIMES SUNDAY, JUNE 15, 1952

Commercial Property Stable, Hurt Reports

+ Prices for commercial and in-icent foresaw a continuation of were reported by real estate space, 58.6 per cent of the com- Fb peat veal estate will remain present prices, 28.2 per cent fore- boards as follows: munities so reported; for retail’ gi Td | i At the current level or will move cast they would be higher, For commercial property (cen- business space, 52.9 per cent said w a a n f [41] "

e comin months, Demand for commercial struc- ¢ 55. PY Pe nT { higher in the coming ral city), 55.9 per cent of the they were the same as last year. 2306 NORTH MERIDIAN STREET

Jame Hurt, president of the In- tures was expected to parallel the hoards listed the same volume of Where rents have changed, the A DEAL WITH Zz TODAY-SUNDAY

dianapolis Real Estate Board pre-| price situation, with 63 per cent sales; and 57.9 per cent the same trend in general has been upward.

ficted today. f the boards looking for a con- sales prices. {For office space, 39.7 per cent of This is! based Jill B stant demand in the next few po, commercial property (out- the boards said they are higher! pn findings of months and 23 per cent anticipat- ying), 50.7 per cent, same volume than a year ago; for retail busi- |g Sale Today, S Now $1 Sunday, Fully Onl Automatic y Noon till Washer bP M Brand . New Foirnl i Portable Sunday, Electric Only Sewing Neen Till . Machine 6PM gent said they would move up. ket for hoth commercial and in- SUPER SPECIAL : dustrial buildings, with more than Supply of either office or com- Vacancies are 5 per cent®r under

the 53d periodic §’ Ing an increase, of sales; 54.9 per cent, same sales ness space, 40.4 per cent listed % we oe *= Brand-New Sale Toda For retall business buildings’, "0 10 Loa] estate hoards re- mercial bufldings for retail use. in 93 per cent of the communities. FOUNTAIN SQUARE—This two-story frame home, remod- | Innerspring 1 4 Sunday only.

{the fact sound values are avail: g, . aT office buildings is in excess of 90 $ e volume of sales; 67. r geographic lable in the commercial field. In- cent game sales prices 1 Pel or cent in 96 per cent of the comregions and ur. lvestors, ranging from individuals . a munities, Even more significant hav arasd. Real ) to syndicates, Are purchasing is the proportion of boards reestate boards Mr. Hurt commercial rental properties not porting vacancies of 5 per cent Vn Mp cated an upward movement of 9» Per cent Or A these areas fore only as a hedge against inflation, prices and iF downward trend in 'e%8. Nine of 10 real estate boards cast as follows: but as a source of stable income. oo or sales so estimated. : For office building, 69.8 per Significant Stability The current supply of commer. The demand for retail business

sent of the hoards reported prices Stability is the most significant Hh space is in balance or short SPace is so high nationwide va- 3 e

Where market conditions have changed, most communities indi-

would remain the same, 22 per characteristic of the current mar- | ost communities. Only scat- Cancy rates are even lower than tered reports Indicate an over- those reported for offige units,

y Xo Investor interest in commercial prices. survey of thejpg {real estate has been widespread P this status. peal estate mar- and Keen for months, the survey .. XT industrial buildings (ome- With commercial construction ket by NAREB. disclosed, Rooted in the sizable CY): 85.5 per cent, same vol- severely limited by government it covered 251 amount of liquid capital seeking Sile of ra let 96.3 per cent, same controls over materials and credit, gommunities rep- es. - : Yesentative of all replacement, it is augmented bY in q, atrial buildings, 65.7 per cent, boards reported & oceypabcy of 64.8 per cent predicted ° prices noriing approximately the same Rents Are Stable reporting, would ‘continue at the current prices and volume of sales, com- More ‘than half of the. real ——— we .| oled into three apartments, was purchased by Mrs. Nettie Winkler Mattress Noon Till 6 P.M level, 27.4 per cent said they pared with a year ago. estate boards said rents on com-| Keep up with, Rome decorating from Mrs, Sarah Woife. Phillip Realty handled the sale. The house would rise. Specifically, the same volume of mercial space are stable, com- trends In the weekday women's is located at 1226 P| t St. For industrial property, 85 per sales and prices as a year ago pared with a year ago. For office pages of The Times. ! 9c 4 easan

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