It’s likely that in your professional and personal circles you’ve been hearing more and more stories about people ditching their commutes to work at home in their pajamas. Over the past decade an influx of companies have embraced the freedom that technology offers their workers, and their own options for saving on office space expenses … Continued
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Article by Spencer Thomas, Associate The traditional corporate office has evolved significantly over the years. They started out with segmented office spaces, often with doors, to give each individual worker the privacy they need. Decades later, in an effort to save space and reduce expenses, the cubicle was introduced. Privacy was broken down to roughly … Continued
Article by Carter Harrington, Vice President Over the past several decades we’ve seen a huge number of giant corporations moving large operations out of expensive, urban cities to smaller, less expensive and more manageable suburban areas. This action solved a number of problems for these corporations. First, they could cut down the commute for many … Continued
Article by Spencer Kerrigan, Senior Associate, San Diego As we enter the holiday spending season, San Diego’s retail market remains strong. Westfield’s UTC mall is finishing up its first round of expansion and renovation. In October, Nordstrom is set to debut its new 145,000 square foot store at UTC, which is 15,000 square feet larger … Continued
Do commercial real estate (CRE) investors have faith in Southern California? Lately, global investors have been expressing an increased interest in Southern California, setting their sights on Los Angeles in particular. For proof of this, one has to look no further than China, a country that has poured billions of dollars into CRE in downtown … Continued
Article by Eric Smith, Senior Associate, Anaheim Office Everybody wants to win. Win their co-ed softball game, win in their office, win in life… and win in real estate. So, how do you win in a 2.32% vacant market? Said another way, how do you win in basically the tightest industrial real estate market on … Continued
Article by Greg Kipnis, Associate, San Diego In the San Diego office market, product boasting on-site amenities continues to attract tenants and incur less down time when compared with office projects with minimal amenities. Gyms, locker rooms, recreational areas, and cafes are becoming the standard. Office users are looking for these amenities and landlords are … Continued
Article by Chase MacLeod, Senior Vice President & Partner, Irvine & Inland Empire It seems like only yesterday that a successful lease negotiation for a tenant was judged by how many months of free rent were secured and how large a tenant improvement allowance could be extracted from a landlord whose building was one of … Continued
Welcome to the Voit blog where we will post articles focusing on what’s happening in Commercial Real Estate in our markets, the latest CRE trends and, on occassion, we’ll include updates on the latest and greatest happenings at Voit. Each post will be accompanied by a tweet on Voit’s twitter account so please be sure … Continued