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Seasoned professional working with a young professional showing him the ropes

Mentoring: An Essential Tool for Success in Brokerage

Part II: Voit Irvine and Anaheim Offices. In recent years, technology has provided increasingly valuable tools for commercial real estate brokers to do their jobs more productively and efficiently. But as we have learned from conversations with Voit brokers for this series, there is no surer pathway to success than having a seasoned mentor. Seth … Continued
senior professional holding a mentoring class in a modern conference room

Mentoring: An Essential Tool for Success in Brokerage

This is a series of articles focusing on the mentoring experiences of brokerage professionals from Voit Real Estate Services’ Southern California offices. Part I: Voit San Diego Office. Learning the Importance of Mentoring When Eric Northbrook, Executive Managing Director and Partner at Voit Real Estate Services, first broke into the commercial real estate business, the … Continued
life science collage: scientist research in medical science laboratory, medicine technology with biology or chemistry and pharmaceutical clinic

Despite Slowdown, Life Science Still Poised for Long-Term Growth

While COVID spelled disaster for the office and retail markets in 2020 and beyond, it set off an explosion of growth for the life science industry. The pandemic not only drove companies to pursue vaccine development, testing, and research but also generated a recognition of the need for increased research, diagnostics, and manufacturing capabilities for … Continued
tan and green retail building with two suites

Retail: A Strong Asset Class in 2024

Just a few short years ago, the demise of brick-and-mortar retail seemed imminent as consumers embraced online shopping during the pandemic. Fast-forward to 2024, and the asset class is one of commercial real estate’s strongest performers. Despite the steady growth in e-commerce — up from 11.9% of total retail sales pre-pandemic to 15.6% at the … Continued
Aerial of neighborhood with outline of potential industrial development site

Site Selection Demands Data-Driven Analysis and a Skilled Broker

Despite a slowdown in industrial construction due to a normalization of demand, slowing rental growth, elevated borrowing costs, and a flood of new building deliveries over the past several years, there is still a strong demand for developable sites. That demand is fueled by the continued growth of e-commerce (expected to explode from about $6 … Continued
Aerial of city office buildings with overlay of architectural drawings for renovations

Housing Not the Only Option for Office Building Conversions

As the office market continues to struggle and reasonably priced multifamily housing remains in short supply nationally and throughout Southern California, the obvious answer would appear to be simple: Convert the office buildings to apartments. However, as we documented in a previous post, there are numerous challenges to converting office products to multifamily. Only about … Continued
Hallway of glass offices and conference rooms with seating area in high-end office building

For Office Landlords and Tenants, Uncertainty Still the Word for 2024

As companies grapple with finding the right hybrid strategy to serve their business and their employees best, the outlook for the long-term fate of the office market — both sales and leasing — remains uncertain. In this post, we’ll look at the national picture and then zoom in on Southern California markets, specifically Orange County … Continued
2024 SoCal Trends overlay on an industrial shop photo

Industrial Trends for 2024: Part 2 — Southern California Markets

Like much of the country, the industrial market in Southern California is seeing a return to “normal.” Despite vacancy rates that have doubled or tripled in each of Voit’s markets year-over-year, they still remain historically low — between 2.57% (Orange County) and 4.87% (Inland Empire). All are below the national average, estimated to be around … Continued