In a previous blog post on AI, we discussed the myriad ways it will impact the commercial real estate industry — from property valuation and market analysis to predictive analytics to facilities management. As the technology continues to advance, so will its practical applications, and the commercial real estate development community is taking notice. According … Continued
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In our previous post, we defined what Voit means by “company culture” and discussed the benefits of a well-defined workplace culture that is put into practice. We examined the positive impact on work-life balance for employees and the company and how a positive culture helps attract and retain talent. In this article, we’ll look at … Continued
As companies continue to adapt to the post-pandemic workplace, managers across all industries face the challenge of building and maintaining a company culture that works for them and their employees. Companies that built positive cultures before COVID-19 and either preserved or adjusted to the “new normal” workplace are not just surviving but thriving. Those who … Continued
Despite a steady increase in industrial property vacancy rates since midway through 2022, asking — and actual — rental rates have continued to increase in most Southern California markets. Fortunately, there’s a glimmer of hope for tenants as this upward trend in rental rates might finally be showing signs of a reversal. According to Voit’s … Continued
Commercial property owners using conventional straight-line depreciation for their assets may be missing an opportunity to reduce their overall tax burden through cost segregation. What is Cost Segregation? Cost segregation is a tax strategy that allows commercial real estate owners to accelerate the depreciation of individual building components, resulting in significant tax savings and improved … Continued
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
Despite rising cap rates and uncertainty about when the Fed will finally implement interest rate cuts, demand for NNN retail properties in Southern California remains robust as investors are attracted to these assets’ stable cash flow and low maintenance requirements. “There is a huge demand for the asset class right now, as well as for … Continued
Unless you’re involved in industrial commercial real estate, you may not be familiar with the term “industrial outdoor storage” (IOS). However, investors seeking an asset class with high demand, low capital expenditures and operational costs, rising rents, and low vacancy rates are taking notice of IOS. Although it’s still regarded as a “niche” sector, it’s … Continued
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
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