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September 28, 2020
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WHAT'S NEW
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• Tight Supply Leads to Nearly Half of CA Home Sales to Go for Over Asking Price this Year
10/31/13
More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the California Association of Realtors® “2013 Annual Hou...
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• Major U.S. Apartment Markets Doing Well and Are Expected to Continue to Thrive
10/30/13
Fueled by the ongoing economic recovery and resulting job growth, multifamily markets in the western United States continue to shine as the end of 2013 draws near. Furthermore, the apartment sector in the region’s major metro...
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• Four Consecutive Quarters of Positive Net Absorption
10/25/13
Real estate services provider Cassidy Turley has released its third quarter San Diego office report, which shows demand for San Diego County office space is gaining traction following the region’s fourth consecutive quarter o...
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• PEOPLE on the MOVE
10/22/13
IRVINE, CA: Stefan Rogers was hired as Vice President at Avison Young, out of their newly relocated Irvine office. Prior to joining Avison Young, Rogers served as Vice President at Voit Real Estate Services for 10 years. LO...
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• Bay Area Office Market Continues to Roll Along
10/14/13
Jones Lang LaSalle has provided updated numbers on the Bay Area office market, which is being driven in great part by the high-tech and healthcare industries. Here are some highlights from JLL’s latest research: San Franc...
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• C.A.R. Forecasts CA Home Sales to Reach 444,000 Units in 2014
10/09/13
With distressed sales losing their hold on much of California’s market over the course of the past year, the state’s housing market is expected to continue improving in 2014. Sales should shift toward primary home buyers, and...
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• Rising Interest Rates Heighten Investor Caution
10/08/13
Here is a summary of Marcus & Millichap’s Fall 2013 Special Research Capital Markets Report, provided to us by the national investment real estate services firm: Fear and uncertainty often bedevil investors at certain points...
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• Sand Hill Road in Menlo Park Boasts Highest Office Rents in the U.S.
10/03/13
The most expensive street for office space rent in the United States is Sand Hill Road in the Bay Area Peninsula city of Menlo Park, according to a research study released by Jones Lang LaSalle. Average rents on Sand Hill Ro...
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• SoCal Industrial Construction Hits Record Levels Since Recession
9/27/13
SoCal reached a post-recession high in industrial construction in the third quarter of 2013 with approximately 18 msf now underway, according to CBRE Group Inc. Southern California currently leads other top U.S. industrial m...
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• Demand For Rental Housing on the Rise Across Southern California
9/25/13
SoCal’s rental housing market should expect two more years of rent increases as the region continues to absorb units faster than it completes them. This is the general takeaway from this week’s 2013 USC Casden Multifamily For...
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• CA Home Sales Drop Slightly in August While Median SFR Price is Up
9/17/13
Following a strong performance in July, California’s housing market pulled back in August from the previous month and year, although sales of condominiums and townhomes remained robust, according to the latest numbers from th...
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• Median Home Sale Prices Up 16% Year-Over-Year Nationally
9/06/13
According to the most recent data from ZipRealty Inc, the nation’s housing market continues to show ongoing strength, tempered by moderation. Median home sales prices were up 16.2% year-to-year to an average of $278k, while n...
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• Collaborative, Creative Space and Attractive Neighborhoods Essential for Technology Employers
9/05/13
The clustering of highly-skilled, like-minded technology professionals, “tech talent,” is driving demand for office space, with implications for real estate occupiers and investors, in markets from Washington, D.C. to Seattl...
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• Percentage of Distressed Sales in CA Continues to Drop
8/30/13
The share of equity home sales in California continued to grow in July, increasing on a monthly basis for 17 of the last 18 months, while distressed sales plunged by half compared to a year ago, according to the latest data f...
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• Housing Market Rebirth Spurs Leasing in the Inland Empire
8/28/13
Here’s a mid-year review of the Inland Empire office market, provided to us by Marcus & Millichap, the national real estate investment services firm. This summary is pulled from the firm’s quarterly Office Research / Market O...
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• East Bay Poised for Spillover Office Demand
8/23/13
Here’s a current update on the Oakland/East Bay office market. This summary is part of Marcus & Millichap’s Third Quarter 2013 Office Research Market Overview for the region. Office users and developers took a breather in Oa...
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• OC Industrial Market Continues to Gain Momentum
8/20/13
Demand for industrial buildings in Orange County continued to gain momentum and confidence grew among developers as signs of a slow but steady economic recovery continued to unfold during the second quarter of 2013, fueling c...
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• CA Home Sales Reach Highest Level in Over a Year
8/19/13
California’s housing market bounced back after a slight dip in June to reach the highest level since May 2012, as home prices continued to post strong annual gains and home sales recorded the first annual increase in six mont...
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• Tech Sector Ignites Real Estate Markets, Anchoring Innovation Hubs
8/16/13
It’s not just Silicon Valley that forms the nucleus of the U.S. high-tech growth economy, but hubs such as Atlanta and Chicago are emerging thanks to the burgeoning high-tech start-up culture. Jones Lang LaSalle’s (JLL) natio...
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• Office Vacancy Rate Dropping in North LA County
8/15/13
The Los Angeles North office vacancy rate has been steadily improving, having declined to 17 percent in the second quarter of 2013, according to a report just released by Lee & Associates-LA North/Ventura. The current quarte...
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