June 27, 2011
The commercial real estate industry recovery continues to be affected by national economic challenges, such as lack of employment growth, companies adjusting to "working leaner and smarter" to better their internal return on investment and inconsistent economic policy. However, San Diego County has recently experienced stronger than national average activity, both on the sales / investment side and leasing side. A few recent large commercial real estate sale transactions have surprised the local market, giving a genuine sense that institutional cash is ready to get back into this market on strong, long-term hold assets. Leasing activity is getting better, but is still hampered by high company occupancy costs and a difficult corporate lending environment. If you have any questions on recent trends and activity, John Still and David Silverman are happy to answer any of your questions.
John Still jstill@flockeavoyer.com
David Silverman dsilverman@flockavoyer.com
