REBusinessOnline

Mixed-Use Industrial Sector Soars in the Inland Empire

By Dan MacDavid, Principal, AOMixed-use industrial has become a significant economic driver in the Inland Empire. Cities are benefiting from business synergies, additional tax revenue, high-quality design and civic engagement that builds community. The recent mixed-use trend can be attributed to one key change: the significant growth in size and scale of industrial master plans over the past few decades, combined with a new approach to industrial as a partial result of the …

Multifamily Rents Skyrocket in San Diego Despite Pandemic

By Allen Chitayat, First Vice President, CBRE Capital MarketsThe San Diego multifamily market has continued to exhibit very strong fundamentals in light of the pandemic. This is due to the region’s diversified economy, as well as the continued shortage of housing supply. Tourism, biotech, healthcare, education, the Navy, drone manufacturing, business services, software, and other high-tech industries have made San Diego a magnet for venture capital and other business investment, with …

NorCal’s Apartment Market is All About Location

By Ramon Kochavi, First Vice President and Regional Manager, Marcus & MillichapWinston Churchill wrote, “Those that fail to learn from history are doomed to repeat it.” Precipitated by a once-in-a-lifetime health crisis, the 2020 market shift has had an oversized effect on Northern California’s multifamily marketplace. The ongoing pandemic has the hallmarks of an event that causes people — including real estate investors — to draw overarching conclusions. Overreaction is a …

San Diego County’s Office Market Positions for Pandemic Recovery

By Christopher Reutz, Research Director, ColliersIt’s no secret the San Diego County office market experienced unprecedented conditions in 2020. Yet, brighter days may be ahead for the local office market.The COVID-19 pandemic caused many “non-essential” businesses to adopt work-from-home policies. San Diego’s office market took an incredible hit from this in early 2020, amounting to 450,000 square feet of negative net absorption. This was the biggest drop in local demand in …

San Francisco East Bay Industrial Market Soars to New Highs

By Steve Kapp, Executive Managing Director, NewmarkStrong tenant demand, coupled with a limited supply of Class A industrial product, has pushed industrial rents in the San Francisco East Bay industrial market to new highs. Also known as the I-880 corridor, vacancy rates stood at 6 percent, down slightly from a year ago on a building base of 189 million square feet. Some submarkets like Fremont and Union City, as well as certain building types like new construction Class A warehouse, …

Sacramento’s Office Market is Eager for Stability

By Cole Sweatt, Brokerage Manager, Sacramento Region, TRI CommercialNow that we’ve had the chance to analyze the data from the first two quarters of 2021, it seems that consumers and businesses are experiencing positive trends throughout Northern California. However, the initial recovery has come with challenges, including semiconductor shortages, supply chain disruptions and increased commodity prices due to a confluence of demand from consumers. We have seen relief in some of these …

Valley Area Retail Market Slowly Picking Back Up

By Yair Haimoff, Executive Managing Director, Spectrum Commercial Real EstateThe COVID-19 pandemic slowed or halted markets across the world. But how did Los Angeles fare? Well, the retail market slowed in 2020 as a result of the pandemic, but, fortunately, it is slowly picking up with reopenings and the adoption of the COVID-19 vaccine.Looking back, recent transactions in the retail space have predominantly included food-related deals. With established fast food businesses like …

Greater Los Angeles’ Office Market is Bouncing Back

By Steve Solomon, Senior Executive Vice President, and Kristen Bowman, First Vice President, Colliers InternationalGreater Los Angeles leasing activity surged, reaching nearly 3 million square feet in the second quarter. Although higher than the past few quarters, it was significantly lower than the 2019 pre-pandemic quarterly average of 4.6 million square feet. Much of the activity occurred in West Los Angeles, where large expansions and renewals were signed by tech, media and …

Industrial is the Belle of the Ball in LA

By Robert Flores, Senior Vice President, CBRENot too long ago, industrial real estate was generally viewed as an obscure and often unpopular subset of commercial real estate. Instead of owning a concrete box, many investors and developers were drawn to the flashier structures in Central Business Districts and hip submarkets. Fast forward a few short years, and industrial has firmly taken center stage for many who might have previously shunned the sector. The Greater Los Angeles area is one …

Los Angeles’ Apartment Market Turns a Corner

By Mark Ventre, Senior Vice President, Stepp CommercialAs it turns out, COVID has once again delayed hopes of a return to normalized operations for apartment owners. Just when it seemed the shackles that have hindered the ability to raise rents and recoup lost income would be removed, it now appears the light at the end of the tunnel has grown more distant.Fortunately, there have been positive indicators that the economic environment in Los Angeles for the first half of 2021 has …

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‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

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