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
Blog
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
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
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
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
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
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
As the hybrid work model continues to evolve — with more companies like Amazon, Goldman Sachs, Salesforce, and Meta insisting on a return to the office (RTO) at least three days a week — employers need to devise strategies to not only attract and retain employees in a competitive market but to keep them in … Continued
It’s no secret to observers of the industrial market that, following a torrid couple of years that saw vacancy rates plunge to all-time lows and asset pricing soar to all-time highs, there has finally been a return to something closer to normalcy. While the pricing of industrial properties has not yet come down appreciably, vacancy … Continued