22Apr

The first quarter of 2024 Industrial Real Estate Report is out for the Orange County market.

  • Easing tenant demand has led to a significant increase in available industrial space in Orange County.
  • Total available space has almost doubled, reaching 18 million square feet over the last 18 months.
  • Both direct and sublet space have contributed to this increase, with sublet space nearly doubling to 3.3 million square feet.
  • New construction has also played a role, adding 2.6 million square feet of space last year.
  • As a result, the countywide vacancy rate has risen from a record low of 1.8% in Q4 2022 to 4.1% by the end of Q1.
  • Negative net absorption was observed in three out of four major submarkets in the county during Q1.
  • Rent growth has slowed to 2.5% year over year, offering some relief to Orange County tenants.
  • The current triple-net county average rent is $1.66 per square foot, reflecting a 126% increase over the past decade.
31Jul

The Commericial Real Estate Services Company Economic Report for the 2nd Quarter of 2023.

Slowing Inflation and a Growing Economy is a positive sign for Q2-2023.

24Feb

Video of walls being tilted at a commercial building at Douglas Park in Long Beach California.

Commercial building tilt-up walls are a type of construction technique commonly used in the construction of large, commercial and industrial buildings. In this technique, the walls of the building are constructed on site, but instead of being built up from the ground, they are built flat on the ground and then tilted up into position.

The walls are typically made of reinforced concrete and are cast in large panels that are then lifted into place using cranes. This process can be completed relatively quickly and efficiently, and is often preferred for large commercial and industrial buildings because it allows for the construction of large, open spaces without the need for traditional load-bearing walls.

One of the primary benefits of tilt-up construction is speed. Because the walls are prefabricated offsite and then simply tilted into place, the overall construction process can be completed much faster than traditional construction methods. Additionally, because the walls are made of reinforced concrete, they are very strong and durable, making them an ideal choice for buildings that need to withstand harsh weather conditions or other extreme environments.

Another benefit of tilt-up construction is cost. Because the walls are constructed offsite and then lifted into place, there is less need for expensive equipment and materials on site, which can help to reduce overall construction costs.

Finally, tilt-up construction can also be an aesthetically pleasing option for commercial and industrial buildings. The panels can be designed to include a variety of architectural details, textures, and colors, giving the building a unique and visually appealing look.

Overall, tilt-up construction is a popular choice for commercial and industrial buildings because it is efficient, cost-effective, and durable.

09Feb

The fourth quarter 2022 report for the San Gabriel Valley Industrial Real Estate Market.

The San Gabriel Valley industrial market in the fourth quarter of 2022 continued to perform well with low vacancy rates and rising rents. In the 1st quarter of 2023, it is expected to continue this trend with growing demand for industrial space from various industries, such as e-commerce, logistics, and manufacturing. The San Gabriel Valley's strategic location, close proximity to the ports of Los Angeles and Long Beach, and excellent transportation infrastructure make it an attractive location for businesses. 

Overall, the San Gabriel Valley industrial market in the 4th quarter of 2022 remained strong, with ongoing demand and limited supply driving up rents and pushing down vacancy rates.

21Apr

Sale prices and lease rates continue to hit record highs as low inventories drive the Orange County Commercial Real Estate market up in Industrial.

19Apr

The Los Angeles Commercial Real Estate Industrial Submarket experienced continued increases in Sales Prices and Lease Rates.

20Oct

The third quarter led to the most 3 month net absorption in 17 years.

Over 1.8M SF of space was leased by Industrial Users in the 3rd Quarter of 2021, a record for a 3-month period in the last 17 years.  Vacancy rates prolonged their downward trend as demand continues to outstrip supply.  E-Commerce continued to lead the charge as many Industrial segments persist in experiencing pandemic related growth.  Click below for full report.

12Oct

Is it wise to do so, what is propelling this move, and what kind of performance should investors expect? This report will explain why there is a surge in demand for REITs and analyze how they are currently performing and how they have performed historically.

"With interest rates at extremely lows levels and fears of rising inflation heating up, investors have flocked to real estate investment trusts (REITs) as an investment vehicle." Click below for full report.

19Jul

The Orange County Commercial Real Estate Market report for the Industrial Segment in the 2nd Quarter of 2021.

The Orange County Industrial Market continued its blistering pace with sale prices and lease rates continuing to climb.  One of the larger deals included a sale price point above $400 Per Square Foot (PSF), Click Download File below for more.

03Jun

Take Action now to protect the 1031 Exchange from elimination.

As you may already know, the 1031 exchange has recently come under attack.  The proposed elimination of like-kind exchanges could have drastic implications for commercial real estate.  Take action now by clicking below and expressing your concern to your local member of Congress and two Senators from your state.  Click here to compose and send your message.

18May

The proposed legislation could require lessors to defer CA rent obligations for a year or longer and allow tenants to negate the lease and walk away with no responsibilities for tenant improvements.

A California Commercial Real Estate Legislative alert went out last Friday from AIR about SB 939, a COVID-19 related measure.

The proposed legislation could require lessors to defer CA rent obligations for more than a year or allow the tenant to negate the lease and walk away with no responsibilities for tenant improvements.

If passed the measure would be in effect for 22 months from March 2020 or for two months after the end of the state of emergency, whichever is later.

As mentioned in the notice the proposal mysteriously (or as they say unfairly) doesn’t apply to any publicly traded companies or one that is owned or affiliated with a publicly traded company (franchisee).

Included in the notice are better potential options like the proposal put forth by Toni Atkins.

For more information, read the full bill or to send a letter opposing SB 939 CLICK HERE.

30Apr

Receive a financial reprieve from the SBA during the COVID-19 pandemic.

In addition to PPP, the SBA will now pay your new or existing SBA mortgage for six months!  Our office recently had a buyer who got the first 6 months of their mortgage covered by the SBA and the first 3 by their bank.  Additional debt relief is also available, if you need more information a good broker should be able to point you in the right direction, CLICK HERE FOR MORE INFORMATION.