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Commercial Real Estate INSIGHTS

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COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

San Diego, CA

Apartment
The market-rate, investment grade San Diego apartment market finished the second quarter of 2019 with a slight fall in occupancy and a strong rent gain performance. San Diego's vacancy rate was 3.8%, according to Reis, down 20 basis points from the prior quarter and up unchanged over 12 months. Asking and effective rents then proceeded to post gains of 1.1% and 1.2%, respectively, in the second quarter. These rates are up 4.7% and 4.6% over 12 months. VIEW APARTMENT LISTINGS >
Industrial
Rents were on the upswing during the second quarter in both San DiegoÂ’s Flex/R&D space market and its warehouse/distribution space market. Reis reports an 8.9% vacancy rate for warehouse/distribution space in San Diego for the second quarter of 2019. The rate is up 10 basis points for the quarter and up 100 over 12 months. For Flex/R&D space, Reis reports a second quarter 2019 vacancy rate of 11.3%, down 10 basis points from the prior quarter and down 40 basis points over 12 months. Flex/R&D asking and effective rents ended the second quarter of 2019 at $14.06 psf and $12.60 psf, both up 1.2% over the quarter, and up 3.7% and 3.6% over 12 months. For warehouse/distribution space, Reis reports second quarter asking and effective rents of $8.98 psf and $8.21 psf. These averages were up 3.1% asking and effective over 12 months, and up 0.9% and 1.0% for the second quarter alone. VIEW INDUSTRIAL LISTINGS >
Office
The San Diego general purpose, multi-tenant office market finished the second quarter of 2019 with a rise in rents and an increased vacancy rate. Reis reports a second quarter 2019 vacancy rate of 15.8%, up 20 basis points over the quarter and up 30 basis points over the year. Reis reports the average asking and effective rents both rose 0.4%, during the quarter to $33.09 psf and $26.92 psf. The rates are up 1.9% over 12 months. VIEW OFFICE LISTINGS >
Retail
The San Diego community-neighborhood shopping center market posted small rent increases in the second quarter of 2019 after a much stronger first quarter gains. Reis reports a second quarter 2019 San Diego community-neighborhood shopping center market vacancy rate of 6.0%, down 10 basis points from the prior quarter and down 10 from one year earlier. The average asking rent is reported by Reis at $32.36 psf with the average effective rent at $29.28 psf, up 0.3% and 0.4% for the quarter and 2.5% each year-over-year. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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