The absorption rate for industrial real estate is increasing as companies continue to seek industrial space. Net absorption in the 1st quarter of 2015 outpaced the net absorption in the 4th quarter of 2014. This increase in demand should increase property values for owners and investors. The San Diego vacancy rate is below the national average […]
The Good News Keeps Arriving for the Local Hotel Industry
The hotel industry is booming after the recession in 2007-2008. Revenue per available room is forecasted to increase to 6.5% for 2015. As RevPar increases, hotel values will continue to rise. This is excellent news for the San Diego economy as people have money to spend and contribute to economic growth. As hotel values rise, […]
Downtown Draw: Millennials Keep Coming
The demand for multi-family housing continues to increase as millennials seek to rent apartments rather than buy a home. As developers continue to construct apartment buildings, there will be an increase in supply, therefore, rents will have to flatten out to accommodate the market demand in San Diego. Lenders willing to lend on apartment buildings […]
The San Diego Industrial market ended the fourth quarter 2014 with a vacancy rate of 6.8%.
The San Diego Industrial market ended the fourth quarter of 2014 with a vacancy rate of 6.8%. This trend is compared to the U.S. National Industrial vacancy rate, which decreased to 7.2% from the previous quarter, with net absorption positive 81.04 million square feet in the fourth quarter. The vacancy rate in San Diego was […]
Market Trend: San Diego Retail Vacancy Remains at 4.0%
The San Diego retail market in the fourth quarter of 2014 did not experience much change in market conditions. The current quarter vacancy rate is 4.0% down from 4.1% from previous quarter. This trend is compared to the U.S. National Retail vacancy rate, which decreased to 6.1% from the previous quarter, with net absorption of […]
Market Trend San Diego Office Vacancy Decreases to 11.26%
The San Diego Office market ended the fourth quarter 2014 with a vacancy rate of 11.2%. With net absorption totaling positive 886,295 square feet in the fourth quarter, the vacancy rate was down over the previous quarter. Rental rates ended the fourth quarter at $28.16, an increase over the previous quarter. This trend is compared […]
Commercial real estate sticks to renovations and repurposing
During 2014 San Diego’s office market was mostly a fixer-upper affair, with acquisitions and renovations of older buildings rather than building new constructions, while brand-new apartment building continued to grow in places like down town San Diego. Experts say even with a steadily improving economy, there’s been no rush by most developers to put up […]
SDSU Begins Work on $143 Million Mixed-Use Project.
On Nov. 19th San Diego State University held the public ceremony to mark the start of the construction, near the intersection of Campanile Drive and Hardy Avenue in San Diego. The project was estimated to be $143 million mixed-use student housing and retail project slated for completion in fall 2016. The officials said South Campus […]
Law Firms Opt for Renewals as Landlords Gain Leverage
The leasing patterns for big law firms in recent years will most likely show the proof if the commercial real estate has recovered from the worst of the Great Recession. A recent report “Law Firm Perspective,” which studies in detail leasing market conditions for large legal business. The report found that firms are facing more […]
Into the Spotlight – National Investors Find Deals in San Diego Market
For the year ending June 30th San Diego recently placed 24th in a global ranking of cities based on commercial property investment dollar volume. The tally represented a 47 percent jump from the prior 12-month timeframe. Moreover, based on some ultra-high-price-tag deals of the past few weeks, it looks like San Diego is inclining for […]
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