| CA Home Sales Dropped in November to Lowest Level Since February 2015
California existing home sales fell in November from both the previous month and year for the first time in nearly a year as low housing affordability extended into Southern California, according to the California Association...
| London Remains World’s Most Expensive Office Market for 2nd Straight Year
London’s West End was the world’s highest-priced office market for the second straight year and Hong Kong Central, Beijing Finance Street, Beijing Central Business District and Hong Kong West Kowloon, took the other four of t...
| SoCal Among the Costliest Markets for Enterprise Data Centers
Southern California is among the most expensive markets for constructing, commissioning and operating a 5-megawatt (MW) enterprise data center over a 10-year period, due to the lack of tax incentives and the area’s steep powe...
| California REALTORS® disappointed FHFA did not increase Fannie Mae and Freddie Mac conforming loan limits
The California Association of Realtors® (C.A.R.) issued the following in response to the Federal Housing Finance Agency’s (FHFA) announcement to keep the 2016 maximum conforming loan limits for mortgages acquired by Fannie Ma...
| Downtown Oakland Sees Strong Demand for Space in the Third Quarter
Oakland continues to enjoy strong leasing activity. During the third quarter of this year, companies moved into or expanded their presence in the heart of Oakland by more than 592k sf of office and retail space.
| When Black Friday Comes, It Will Be Thursday
More retailers are planning to get an early jump on Black Friday this Thanksgiving weekend. According to JLL’s just-released 2015 Holiday Sentiment Report, nearly one-third of retailers surveyed say they plan to open on Than...
| West Los Angeles Maintains Lowest Office Vacancy Rate Despite Negative Absorption for the Third Quarter
Despite experiencing negative net absorption for the first time in three years, the West Los Angeles office market again demonstrated its bullet-proof character during the just concluded third quarter by maintaining the lowes...
| Changing Law Firm Space Strategies Posing Challenges for Landlords
This report provided to us by JLL:
Despite the AmLaw 100’s revenue reaching a record $81 billion in 2014, law firms are focusing on efficiency to define their office layouts and locations. The legal sector is using creative ...
| San Diego’s Industrial Market Enjoyed a Strong 3rd Quarter 2015
San Diego’s industrial market closed out the third qurter of 2015 with strong numbers, posting the highest positive net absorption since Q3 2006. The region also saw construction activity increase once again, according to the...
| West LA Office Market Riding Wave of Tech Demand
This report on the impact of tech industry-related firms on the office market in Los Angeles was provided to us by CBRE Group Inc.
Although not yet the dominant industry sector in commercial real estate, technology companies...
| Top Tech Cities Draw Hefty Rent Premium for Office Space
Businesses looking for office space in the nation’s hottest tech markets should expect to pay a premium – and a hefty one in many of the top tech cities, according to a new research report by CBRE Group, Inc. The report, whic...
| California Home Sales Cool in August
Home sales remained above the 400,000 mark in August for the fifth consecutive month and rose to the highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seas...
| US Multifamily Investment Hits $127 Bil Over 1-Year Period Ending Q2 2015
Investment in U.S. multifamily reached $127 bil for the year ending Q2 2015—the highest four-quarter total in history and growth of 36% over the 12-month period, according to the latest research from CBRE. The total surpasses...
| CA Homes Sales in July Reach Highest Level in Three Years
Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, according to the latest data from the Califo...
| The Latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey Says that California is Booming Again
Commercial construction activity in California has risen to its highest level since 2001. Available financing, low cap rates, an increasingly high demand from technology, advertising, media and information companies, and a s...
| Class A Office Rents in LA County Reached Highest Level in Seven Years and Will Continue to Rise
Cushman & Wakefield has put together an overview of the Greater Los Angeles office market at the midpoint for 2015. Below is that summary, provided to us by C&W:
Los Angeles County’s unemployment rate dec...
| Proposed California Split Roll Property Tax Could Cost the Commercial Real Estate Industry $9 Bil/Year
By Rex Hime
There has been a lot of activity on Split Roll Property Tax in California this year. The proponents of removing Proposition 13 protections from commercial property have opened up several paths of attack, includi...
| Puget Sound Industrial Market Mostly Positive at Midpoint for 2015
Here’s an overview of the Puget Sound industrial market at the mid-year point for 2015. The report was provided to us by real estate services firm Kidder Mathews.
The Puget Sound’s industrial market continues to produce mos...
| San Francisco Industrial Market Treading Water in 2nd Quarter 2015
Here’s a mid-year update on the San Francisco industrial market, provided to us by regional real estate services firm Kidder Mathews:
The San Francisco industrial market took a pause in the second quarter of 2015, with negat...
| Spec Developments Reducing Impact of Positive Absorption Gains in Phoenix
Real estate services firm JLL has just released its 2nd Quarter 2015 Office Insight report on the Phoenix, AZ market. Here is a summary of their findings:
Speculative developments reducing impact of positive absorption gains...