Excerpts from Article:
“Conditions vary by neighborhood, but rising tenant and investor demand in an improving economy continues to move fundamentals generally in favor of commercial real estate landlords in San Diego County.”
“CBRE Group said local retail asking rents have remained relatively flat over the past 17 quarters but have increased 10 percent over the last two quarters, bringing the countywide average to $1.99 per square foot.”
“Rising demand for North County industrial space has recently been reflected in the start of large speculative construction projects in markets including Carlsbad and Oceanside.”
“A higher velocity of transactions has brought rising lease rates, higher asking prices for properties, and a “diminishing number of quality options” for tenants and buyers.”
Citation and Link: Hirsh, Lou 22 May. 2015. “Commercial Real Estate Makes Some Gains in the County,” San Diego Business Journal, 27 May. 2015 http://www.sdbj.com/news/2015/may/22/commercial-real-estate-makes-some-gains-county/?page=1
Picture Citation and Link: Hirsh, Lou 22 May. 2015. “Commercial Real Estate Makes Some Gains in the County,” San Diego Business Journal, 27 May. 2015 http://www.sdbj.com/news/2015/may/22/commercial-real-estate-makes-some-gains-county/?page=1