“Hot Spots Heat Up Commercial Markets, But Caution Is in the Air Despite Fairly Solid Forecast”
“In order of priority in San Diego County, he said interest among lenders and other capital providers is focused first on apartment construction projects and acquisitions, followed by the industrial, retail and office segments.”
“Observers note that upcoming new industrial projects will reflect some trends that are migrating from the office sector, as users demand creative and collaborative work spaces, with indoor-outdoor elements taking advantage of San Diego County’s good year-round weather.”
“Researchers said California’s industrial markets, particularly the warehouse segment, “remain on fire,” with optimism about new building activity expressed in all of the state’s six major markets. The current industrial building boom, with low vacancy rates, should continue at least through 2019, with demand fueled by e-commerce, the export of goods to Asia and Mexico, and U.S. importation of consumer goods from Asia.”
Citation and Link to Article & Picture: Hirsh, Lou. “Seize the Momentum.” San Diego Business Journal. N.p., 11 Aug. 2016. Web. 24 Aug. 2016. http://www.sdbj.com/news/2016/aug/11/seize-momentum/?page=2