Excerpts from Article: “A new era of more stringent underwriting by banks and other lenders combined with greater diversity in sources of commercial real estate capital has helped ignite a rush of confidence among CRE executives, according to the 6th annual Akerman U.S. Real Estate Industry Outlook Survey released Wednesday.” “The survey indicates that nearly 60% […]
Survey: County’s Apartment Vacancy Rate Up from 2014
Excerpts from Article: “The local region’s apartment vacancy rate now stands at 4.1 percent, up slightly from spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.” “…vacancy may have been driven higher in part by rising supply of newly constructed apartments in places such […]
Local Retail REITs Reap the Profits of Solid Fundamentals
Excerpts from Article: “Those include continued gains in consumer spending at stores and restaurants, and relatively scarce new construction of retail space, keeping supply low and rents rising at the most sought-after existing locations.” “Barring a major economic event that rattles consumers, analysts and company leaders said current retail fundamentals are likely to stay in […]
Industrial Options Grow in North County
Excerpts from Article: “As the improving economy fills up industrial spaces in central San Diego, local companies such as SR Commercial are betting on continued rising demand in North County for manufacturing, warehousing and distribution properties.” “The warehouse market is exceptionally strong right now, particularly for modern, functional space under 50,000 square feet…” “…San Diego […]
Commercial Real Estate Makes Some Gains in the County
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 […]
San Diego Embracing Re-Purposed Office
The San Diego office sector is showing signs of continued growth and opportunities as other cities become more expensive. There is expected long term appreciation and growth in San Diego. Companies are looking into office building functionality. Older office buildings shall be repurposed or reconstructed to accommodate the demands of the tenant. Renovating and improving […]
Market Trend: San Diego Retail Vacancy Stays at 4.0%
The retail vacancy rate in San Diego is below the national average of 6.0%. A 4.0% vacancy creates a viable opportunity for investors to acquire stable return on investment. The retail properties are priced higher in San Diego and investors are seeking to grab a piece of the pie. The good news is vacancy rates […]
Market Trend: San Diego Industrial Vacancy Decreases to 6.3%
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 […]