Commercial real estate professionals are very optimistic about the future of retail. There is a strong demand from both investors and tenants for quality retail spaces, while franchise tenants are active and corporate tenants are expanding. Sectors like wellness, fitness and healthcare are promising for future growth and particularly active for retail. Excerpts from the […]
County’s Assessed Property Value Up 5.7 Percent
According to the state Board of Equalization the total value of San Diego County’s Assessed property for the 2014 fiscal year ended June 30 was $430.3 billion, up 5.7 percent from the prior year. The BOE reports that California’s real estate values continue an upward trend, with the value of state and county assessed property […]
Market Trend: San Diego Office Vacancy Decreases to 11.8%
The San Diego vacancy rate of 11.8% is compared with the U.S. National Office vacancy rate, which decreased to 11.2% from the previous quarter. The average rental rates increased to $22.38, and 233 buildings delivered to the market totaling almost 13.2 million square feet in the third quarter. Rental rates in San Diego increase over […]
As Good As It Gets? Office Market Moving Into Sweet Spot In Recovery
The opportunities to increase rents and reap higher property incomes on their property investments are created by a combination of falling vacancy, rising net absorption and controlled supply of new office space. According to the CoStar Portfolio Strategy economists the U.S. office market has reached just such as sweet spot in the market cycle. From […]
CoStar’s Repeat-Sale Index Tracks Rising Transaction Volume, Improving Investment Condition
Over the past 15 months pricing for property in the General Commercial segment has been increasing steadily and gained momentum in recent months due to improving market fundamentals and increased capital flows across commercial real estate size and quality spectrum. Major investors provide an attractive environment for property investors lead to sales volume up in […]
City of San Diego Finally Moves Many Processes Online
Constructions experts and local development welcomed the changes of the City of San Diego that the city for years has been plagued by bottlenecked project processing services. In December, local business can use OpenDSD to schedule and pay for inspections online for San Diego permits. Moreover, the changes overall are well timed as the city […]
Office Development Reaches Highest Level Since Great Recession
As developers break ground on new projects in a growing number of markets where job growth, rising rents and falling vacancies are finally justifying new development, U.S. office construction has reached its highest level since 2008. Based on the CoStar Analytics data shows about 86 million square feet of higher-end office properties larger than 50,000 […]
U.S. Construction Shifts Into Second Tier
Construction has always been one of the best ways to determine if the real estate market recovery is spreading beyond a handful of urban areas. With employment numbers increasing in big cities like Atlanta, Las Vegas, and Chicago developers are now feeling more optimistic about breaking ground on developments that had been planning since before […]
Brokering New Ground in Commercial Property
California commercial-property brokers will be tightening up by the new set of laws that go into effect in January. Brokers will now be required to disclose to that they are representing both sides in a transaction. Some companies may find this troubling, but at Strategic transparency and full disclosure are always a top priority. Excerpts […]
Retail Health Care Providers Filling Vacancies
In recent years there has been a major upswing in the amount of health care providers opening facilities in retail shopping centers. Many strip centers have big box vacancies and medical care providers requiring 20,000-50,000 square feet to operate are filling that void. One of the driving causes behind this trend is reduced costs. Developing […]