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MIAMI—With no new construction in the Tampa Bay office market, rental rates are rising. Even still, the market is attracting large users, especially in these two sectors.
IRVINE, CA—While not a large factor today, the lockout effect could become more significant as we approach and/or exceed a 5% mortgage rate, which is not expected until late this year or early next, First American's Mark Fleming tells GlobeSt.com.
LOS ANGELES—The Coastal Commission is using AB 2616 to increase access to low-cost lodging along the coast, and Stanley W. Lamport of Cox, Castle & Nicholson gives us the details in this EXCLUSIVE interview.
OAKLAND, CA—Last quarter, occupancy levels were nearly at 100% for the Oakland submarkets of Grand Lake, Rockridge and Montclair Village, with totals that are unsurpassed by other Bay Area submarkets at this time.
NEWARK/LINDEN/EDISON, NJ—“These properties are ideally situated at the heart of New Jersey's Greater Port Region, benefiting from proximity to the largest East Coast port, Newark-Liberty International Airport, and the New York Metropolitan Area's 23.4 million consumers,” says Gary Gabriel of Cushman & Wakefield.
SAN DIEGO—Lew Horne's new role at CBRE, which includes overseeing the San Diego and Hawaii markets, is a sign of willingness to listen and adapt, which has led to its success, he tells GlobeSt.com.