Commercial Bid-Ask Gap

Tell me what the following numbers have in common:

$55 & $44
$99 & $74
$88 & $62
$58 & $44
$67 & $51
$314 & $201
$92 & $86
$107 & $94
$140 & $136
$70 & $50
$175 & $144
$90 & $60




If you guessed what industrial sellers were offering and what industrial buyers were buying in the second quarter in the Inland Empire and the San Gabriel Valley, you would be right!.

Now, tell me what these numbers have in common:

$114 & $106
$118 & $116
$128 & $118
$96 & $87
$55 & $49
$165 & $164


If you guessed the bid-ask gap in the second quarter of 2008, you would also be right.

What can we take away from this?

It looks like the spread has grown over the year, but it also looks like the number of transactions is up.

Interesting enough that a detailed analysis is warranted. Will see where this goes.