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Sarasota County Office
Sales Comps

David Kinnard
#kinnardcommercial

Q1 SUMMARY

Jan-Mar 2021

813-417-2586
dkinnard@kw.com

Contact me for a broker
opinion of value on your office building.

Sales in the office sector in Q1 of 2022 were higher than the number of sales for the same period one year ago. In Q1 of 2021 there were 29 office sales in Sarasota County with an average price per square foot of $180 versus 32 transactions with an average sales per square foot of $243 in Q1 of 2022. The Q1 metrics are:

  • Transaction volume was $26,133,900
  • 32 completed transactions
  • Average $/sf $242.77

Average sales price $1,088,900

Q1 Monthly Breakdown

  • In Jan 2022, there were 7 deals, totaling $7,426,000 in transaction volume. The average sales price was $1,060,857 with an average price per square foot of $287.22.
  • In Feb 2022, there was a total of 4 deals totaling $4,017,500 in transaction volume. The average sale price was $1,064,375 with an average price per square foot of $358.92.
  • In Mar 2022, there were 10 deals, totaling $6,171,900 in transaction volume. The average sales price was $1,130,035 with an average price per square foot of $261.00.

JANUARY

# of Deals Avg. Sale Price Highest Price Total Volume Avg $/SF
2022 7 $1,060,857 $2,721,000 $7,426,000 $287.22

FEBRUARY

# of Deals Avg. Sale Price Highest Price Total Volume Avg $/SF
2022 4 $1,064,375 $2,837,000 $4,017,500 $358.92

MARCH

# of Deals Avg. Sale Price Highest Price Total Volume Avg $/SF
2022 14 $1,130,035 $3,050,000 $14,690,450 $261.00

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