Press Releases

 
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MEDIA CONTACT:
Jessamyn Wilkinson
Director of Marketing
(949) 851-5100
  • VOIT REPORT: SAN DIEGO COUNTY OFFICE AND RETAIL AVAILABILITY RATES DECLINE - INDUSTRIAL RENTAL RATE SETS NEW RECORD HIGH

    San Diego, Calif., (April 14, 2016) – The San Diego County office market had a solid start to the year, posting positive net absorption and strong transaction volume. Although the market saw rental rates decrease slightly, vacancy and availability rates also continue to decrease. The office vacancy rate dropped to 11.69%, a 46 basis point decrease from last quarter and a 29 basis point decrease from first quarter 2015. The average asking full-service gross lease rate finished the first quarter at $2.64 per square foot per month, a decrease of 8.6% from 2015’s first quarter average asking lease rate, according to a new First Quarter Market Report from Voit Real Estate Services.
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  • VOIT REPORT: Orange County’s diverse industrial market continues its steady growth with demand outpacing supply - biggest hurdle continues to be expansion opportunities given inventory shortage

    Orange County, Calif., (April 13, 2016) – Steady job growth, an improving housing market and an attractive interest rate environment have combined to fuel business expansion, driving lease rates up and sale prices past previous record highs. The scales are tipped in the landlords’ favor at the moment resulting in limited concessions for tenants. Most of the new construction is being absorbed prior to completion and there is continued demand for well located, second-generation buildings as well. Aging industrial properties in parts of North and Central County are being sold in favor of higher and better uses, including retail, office, residential, and mixed use, according to a new First Quarter Market Report from Voit Real Estate Services.
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  • VOIT REAL ESTATE SERVICES DIRECTS THE $837,253 LEASE OF A 5,625 SQUARE-FOOT CREATIVE OFFICE SPACE IN NEWPORT BEACH

    Newport Beach, Calif., (April 12, 2016) – Voit Real Estate Services is proud to announce that Chris Deason, Senior Vice President, and Carter Harrington, Senior Associate, both in Voit’s Irvine office, successfully directed the lease of a 5,625 square-foot creative office space in Newport Beach on behalf of the landlord, an affiliate of Cress Capital, LLC based in Newport Beach. The tenant, Mapperarti, also based out of Newport Beach, was represented by Travis Forster of Wind Water Realty and will use this property as their international corporate headquarters, according to Voit.
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  • SR COMMERCIAL PURCHASES A 191,911 SF MULTI-TENANT PORTFOLIO IN SAN DIEGO

    San Diego, Calif., (March 31, 2016) – Voit Real Estate Services is proud to announce the sale of a 12-building multi-tenant industrial/flex portfolio in San Diego. The four-project portfolio totaling 191,911 square feet, included Carroll Way Industrial Park, Sorrento Mesa Commerce Center, Rancho Pacifica and Oceanside Business Park.
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  • VOIT REAL ESTATE SERVICES DIRECTS THE SALE OF A 7,865 SQUARE-FOOT OFFICE BUILDING IN SAN DIEGO

    San Diego, Calif., (March 17, 2016) – Kipp Gstettenbauer, Senior Vice President and Ryan King, Vice President, of Voit Real Estate Services’ San Diego office successfully directed the $2,965,000 sale of a 7,865 square-foot office building in San Diego, on behalf of the seller Linfield Investments, LP, based in Canada, and the buyer, H.G. Fenton Property Company, based in San Diego. H.G Fenton, a well-known real estate firm, will use this property for office space, according to Gstettenbauer and King.
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