Diggs says there are changes in technology, regulations and continuing shifts in demographics.
SAN FRANCISCO—Activity in office/industrial/retail real estate banking and community development banking, i.e., affordable housing/neighborhood revitalization, is a barometer of how the industry is doing. In this exclusive, David Diggs, regional sales manager, commercial term lending, JPMorgan Chase multifamily banking, shares an update on the state of the industry and what trends are most evident in the banking environment.
GlobeSt.com: How is the San Francisco real estate environment changing?
Diggs: Currently the real estate fundamentals in the Bay Area are stable. Demand for multifamily housing remains strong, rents continue to rise, vacancy remains low and properties are still appreciating in value with some signs of slowing. In general, all asset classes are performing well, with retail being affected due to increased e-commerce.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
