Current Lutz market trends data indicates a decrease of -5.7% in the median asking price per sq ft for Office properties compared to the prior 3 months, with a decrease of -19.3% compared to last year's prices. County-wide, asking prices for Office properties are -2.0% lower at $140 per sq ft compared to the current median price of $141 per sq ft for Office properties in Lutz, FL.
Asking Price / Asking Rent: “Asking” refers to the dollar amount listed on the LoopNet marketplace. Charts are based on an index of data from the LoopNet marketplace by a given property type in a given geography. Asking Rent Trends are obtained by weighting each rental rate by the space available and dividing it by the sum of the total space available.
County / Metro: County and Metro refer to the parent county and metro of the city. “Metro” is a term LoopNet utilizes and refers to the U.S. Census Bureau definitions of metropolitan and micropolitan statistical areas, collectively referred to as CBSAs (learn more). For example a chart representing the city of Lutz may contain data representing the county of Hillsborough and the metropolitan statistical area.
Y-O-Y: A comparison to the same period in the previous year.
vs. 3 mo prior: A comparison to the average of the 3 months before the current month.
http://www.loopnet.com/Lutz_Florida_Market-Trends
