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Workers are moving outside of the Bay Area and commuting to save on housing, and companies are also locating outside of San Francisco to areas such as Sacramento to reduce occupancy costs, especially for back-office operations.
Forty percent of the 280 million-square-foot industrial base in this market is located in that submarket, which includes Anaheim, the biggest city in Orange County, JLL's Louis Tomaselli tells GlobeSt.com.
Commercial brokers that participated in the REBNY survey were more optimistic than their counterparts in the residential sector. The Commercial Broker Confidence Index was 5.84 in the second quarter of 2017, an increase of 0.56 from the previous quarter.
An expectation of “more of the same” growth bodes well for sustained interest in all types of commercial property space, says Lawrence Yun at the National Association of Realtors.
Lease preservation is the ideal situation, but understanding what your lease says and provides for is key, especially after natural disasters occur, Douglas Wilson Cos.' CEO tells GlobeSt.com.
“There is still a significant amount of equity capital in the market for value add and opportunistic deals,” says HFF's José Cruz, one of the panelists featured at this year's RealShare New Jersey Conference on Sept. 19.
Millennials, Gen-Xers and baby boomers have different demographic profiles and approach jobs, debt and their living situations differently, Pew Research Center's Richard Fry, Ph.D., tells GlobeSt.com.
Do you have, or know someone who has, what it takes to be at the top of your game before you turn 40? Time's running out to submit an entry for Real Estate Forum's 50 Under 40 roster.