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NEWPORT BEACH, CA—With Q4 underway, many industry professionalsare looking at what's ahead in order to leverage the currentmomentum of the market. As recovery expands and activity increases,GlobeSt.com recently asked managing directors at locally basedVoit Real Estate Services to weigh in on what therest of 2014 and the start of 2015 will have in store forinvestors, owners, and operators of commercial properties.
“The main trend to look for in Q4 and beyond is a continuedtightening of the commercial real estate market throughout theWestern US and in many markets, a real scarcity of legitimatechoices,” says Eric Hinkelman, executive managingdirector for Voit's Orange County, Los Angeles and Inland Empireoperations. “A period of consistent job growth, rising lease ratesand positive absorption has been underway in most markets for awhile now, and commercial real estate professionals need to makesure they are educating their clients well in advance of leaseexpirations and perceived needs…not just a few months before, onlyto find out they will have very few, if any choices.”
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