Entries by

, , ,

The Impact of Higher Mortgage Rates on PID Owner-User Buildings

For decades, industrial business owners throughout Southern California have been purchasing buildings for their own use. The concept first became popular in the 1970s when developer Dunn Properties decided to sell individual buildings in their projects after experiencing sluggish lease-up activity. They were surprisingly successful in that effort, and it literally changed the industrial landscape to what we see today; dozens of small building projects throughout San Diego County known as Planned Industrial Developments, or PIDs.