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Downtown SLO commercial property holding its value PDF Print E-mail
Insiders reports that several recent sales of downtown SLO commercial properties have been at or near their 2007 price peak. One 5,000 square foot building just sold for about $425 per square foot. At the market’s highest point, downtown buildings were selling for between $400 and $500 per square foot. Outside of the downtown, commercial properties have slipped 5-15 percent in value. That’s modest in comparison to other coastal communities that have seen commercial values drop up to 30 percent.
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