https://voitco.com/sandiego/wp-content/uploads/2022/07/iStock-1316180303-1.jpg 1414 2121 Jackie Berens https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Jackie Berens2022-09-01 19:00:002022-09-02 09:23:59The Looming Recession & Industrial Property
Since 2011, owner/user industrial property values in the San Diego region have been on the rise, and have now reached a level that even the most optimistic and experienced professionals never imagined. Current pricing for industrial buildings is more than double the previous market peak back in 2008, and for those who purchased their buildings back in the 1990s, their properties are worth up to eight times their original purchase price.
https://voitco.com/sandiego/wp-content/uploads/2022/06/iStock-1168105738-1.jpg 1254 2389 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-06-28 09:47:462022-08-01 08:57:16Investing in CRE: Is Now a Good Time?
The demand for industrial real estate in San Diego is still running high and that has many of our clients asking us about the sustainability of the run-up in property values that has sent pricing far above the previous cyclical peak back in 2007. Potential third-party investors and would-be owners/users are wondering if this is still a good time to get into the market. The answer depends on several variables. Let’s take a look at a few of them to shed some light on what might be best for you in the long run.
https://voitco.com/sandiego/wp-content/uploads/2022/06/Situational-Awareness-Your-Key-to-Successful-Negotiations-SD-Focused-Article-.png 628 1200 Jackie Berens https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Jackie Berens2022-06-02 15:54:002022-06-03 08:00:59Situational Awareness: Your Key to Successful Negotiations
Finding the right space requires a level of situational awareness in understanding economic trends and high-growth industries.
https://voitco.com/sandiego/wp-content/uploads/2022/03/iStock-1175749596-2-1.jpg 1414 2119 Jackie Berens https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Jackie Berens2022-03-21 15:09:192022-04-07 10:24:162022 Office Leasing Trends in San Diego
The San Diego commercial real estate market is being heavily influenced by the massive expansion of the life sciences sector; specifically Sorrento Valley, Sorrento Mesa, and UTC.
https://voitco.com/sandiego/wp-content/uploads/2022/09/Article-Review-Why-Hybrid-Work-is-Playing-a-Bigger-Role-in-CRE-Than-Inflation.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-10-23 07:00:002022-09-23 09:46:06Why Hybrid Work is Playing a Bigger Role in CRE Than Inflation
Hybrid work is a bigger concern for commercial real estate than inflation or a recession. Why? Hybrid work shrinks the overall CRE footprint.
https://voitco.com/sandiego/wp-content/uploads/2022/09/The-Benefits-of-Investing-in-Commercial-Real-Estate.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-10-16 07:00:002022-09-23 09:41:43The Benefits of Investing in Commercial Real Estate
Investing in commercial real estate can provide benefits including high-income potential and capital appreciation at low risk.
https://voitco.com/sandiego/wp-content/uploads/2022/09/How-to-Use-CRE-Investing-to-Prepare-for-Retirement.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-10-09 07:00:002022-09-23 09:38:28How to Use CRE Investing to Prepare for Retirement
When you diversify your portfolio and invest in income-producing properties, CRE investing can be a great way to prepare for retirement.
https://voitco.com/sandiego/wp-content/uploads/2022/09/San-Diego-Industrial-Development-with-Pat-Connors.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-10-02 07:00:002022-09-23 10:06:11San Diego Industrial Development with Pat Connors
In this month’s Market Insights, we have Pat Connors, Vice President at Voit, speaking about what’s going on in the San Diego industrial warehouse sector.
https://voitco.com/sandiego/wp-content/uploads/2022/09/What-Does-It-Mean-to-be-a-Broker-Owned-Firm-1200-×-628-px.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-09-25 19:00:002022-09-02 18:46:26What Does It Mean to be a Broker-Owned Firm?
Being a broker-owned firm means our brokerage professionals sit on the Board of Directors and are shareholders in the company.
https://voitco.com/sandiego/wp-content/uploads/2022/09/What-You-Should-Consider-When-Leasing-Office-Space.jpeg 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-09-18 18:38:002022-09-02 18:39:05What You Should Consider When Leasing Office Space
As a business owner, you should consider the following before leasing office space: space needs, time, lease length, and the different types of commercial leases.
https://voitco.com/sandiego/wp-content/uploads/2022/09/How-COVID-and-Interest-Rates-Affect-Retail-with-Bob-Brady.jpeg 1510 2560 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-09-11 19:00:002022-09-02 18:34:18How COVID and Interest Rates Affect Retail with Bob Brady
In this month’s Market Insights, we discuss the resilience of the retail sector, how COVID affects restaurants, and interest rates in a recession.
https://voitco.com/sandiego/wp-content/uploads/2022/08/Third-Places-Changing-the-Work-Landscape-.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-08-28 07:00:002022-08-01 09:15:58Third Places: Changing the Work Landscape
“Third places” are changing the work and CRE landscapes as we know them. Research shows some 36% of employees work in such ‘third places’ at least once a week.
https://voitco.com/sandiego/wp-content/uploads/2022/08/Simple-Marketing-Tips-for-Entrepreneurs-1.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-08-21 07:00:002022-08-01 09:10:06Simple Marketing Tips for Entrepreneurs
Simple marketing tips for entrepreneurs include setting measurable goals, identifying and engaging with your audience, and knowing when to outsource.
https://voitco.com/sandiego/wp-content/uploads/2022/08/What-Are-Voits-Four-Pillars.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-08-14 07:00:002022-08-01 09:05:47What Are Voit’s Four Pillars?
At Voit Real Estate Services, some characteristics differentiate us from the rest. Our four pillars include culture, team, community, and clients.
https://voitco.com/sandiego/wp-content/uploads/2022/07/Real-Estate-Agent-vs.-Broker-What-Is-the-Difference.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-07-31 07:00:002022-07-01 09:39:10Real Estate Agent vs. Broker: What Is the Difference?
A real estate agent is licensed to help buy, sell, and rent real estate. A broker has continued licensing to work independently, start a brokerage, or hire agents.
https://voitco.com/sandiego/wp-content/uploads/2022/07/Top-Seven-Benefits-of-Using-a-CRE-Broker.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-07-24 07:00:002022-07-01 09:33:58Top Seven Benefits of Using a CRE Broker
Using a CRE broker can save you time and money, reduce stress, provide market knowledge, help in the negotiation process, and get you to be taken seriously.
https://voitco.com/sandiego/wp-content/uploads/2022/07/Use-Office-Space-to-Promote-Activity-and-Mental-Wellbeing.jpeg 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-07-17 07:00:002022-07-01 09:27:32Use Office Space to Promote Activity and Mental Wellbeing
Companies can use office space to promote activity and mental wellbeing by using open space, establishing way-of-work guidelines, and prioritizing comfort.
https://voitco.com/sandiego/wp-content/uploads/2022/07/Disposition-Options-for-OwnerUsers.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-07-10 07:00:002022-07-01 09:20:18Disposition Options for Owner/Users
The owner/user model a time-tested model that has been around for decades, and literal fortunes have been made as a result. However, individuals acquiring assets for their own use don’t think much about how and when to dispose of them when they are no longer needed to run their operations. Let’s discuss disposition options for owner/users that are available.
https://voitco.com/sandiego/wp-content/uploads/2022/06/Life-Science-Is-Trending-What-to-Consider-When-Leasing-Lab-Space-1.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-07-03 08:00:002022-06-03 08:20:54Life Science Is Trending: What to Consider When Leasing Lab Space
Before you lease life science space, consider if you’ve given yourself enough time, your finances and desired location, and what elements you need in your lab.
https://voitco.com/sandiego/wp-content/uploads/2022/06/Should-Startups-Jump-on-the-Fractionalized-Real-Estate-Asset-Trend.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-06-26 08:12:002022-06-03 08:17:20Should Startups Jump on the Fractionalized Real Estate Asset Trend?
While fractional real estate isn’t new, it’s become increasingly popular in recent years as it reduces the financial obligation for a single property investor.
https://voitco.com/sandiego/wp-content/uploads/2022/06/Five-Factors-to-Consider-Before-Renewing-a-Commercial-Lease-1.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-06-19 07:00:002022-06-03 08:11:08Five Factors to Consider Before Renewing a Commercial Lease
Before renewing a commercial lease, there are five factors you should consider: Time, size of the space, costs, property condition, and negotiations.
https://voitco.com/sandiego/wp-content/uploads/2022/06/What-Traits-to-Look-for-in-Your-CRE-Broker-.jpeg 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-06-05 07:00:002022-05-03 16:32:48What Traits to Look for in Your CRE Broker
At Voit, we believe there are specific character traits your broker should have. Our client advisors are long-term oriented, calm, optimistic, and energetic.
https://voitco.com/sandiego/wp-content/uploads/2022/05/How-to-Get-Started-in-Real-Estate-Investing.jpeg 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-05-29 19:00:002022-05-03 16:26:38How to Get Started in Real Estate Investing
Real estate investors can diversify and enjoy stable income streams by buying and renting out properties, buying REITs, crowdfunding, or flipping properties.
https://voitco.com/sandiego/wp-content/uploads/2022/05/Five-Types-of-Commercial-Real-Estate.jpeg 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-05-15 07:00:002022-05-03 16:22:00Five Types of Commercial Real Estate
There are many types of commercial real estate, five of which include office, industrial, retail, multifamily, and land.
https://voitco.com/sandiego/wp-content/uploads/2022/04/WHATS-THE-DIFFERENCE-BETWEEN-A-BROKER-AND-A-CLIENT-ADVISOR.jpeg 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-05-08 07:00:002022-04-07 16:11:51What’s the Difference Between a Broker and a Client Advisor?
Brokers are transactional and go with the easiest, quickest path to get a deal done whereas Voit client advisors are relationship-focused and take time to understand your business first.
https://voitco.com/sandiego/wp-content/uploads/2022/03/iStock-1178114429.jpg 1414 2121 Russell Johnson https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Russell Johnson2022-05-03 13:27:002022-05-03 16:14:49The 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.
https://voitco.com/sandiego/wp-content/uploads/2022/04/Industrial-Real-Estate-Growth-Continues-into-2022-1.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-05-01 19:00:002022-04-07 16:03:37Industrial Real Estate Growth Continues into 2022
The industrial sector continues to grow in CRE. Refinancing, acquisition and construction, and funding are all things that business owners and CRE investors should take advantage of.
https://voitco.com/sandiego/wp-content/uploads/2022/04/Down-Payment-Requirements-for-Commercial-Properties.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-04-19 07:00:002022-04-07 16:00:15Down Payment Requirements for Commercial Properties
With a traditional commercial mortgage loan, expect a down payment of 15% to 35%. As for an SBA loan, expect a standardized down payment of 10% to 15%.
https://voitco.com/sandiego/wp-content/uploads/2022/03/How-Voit-Motivates-Its-Team-Members.png 1080 1920 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-04-10 07:00:002022-03-11 10:11:15How Voit Motivates Its Team Members
There are many ways to motivate your employees. At Voit, one of our favorite ways is treating top producers to an incentive trip at a luxury resort each year, which we’ve done since Voit was established in 1971.
https://voitco.com/sandiego/wp-content/uploads/2022/03/The-Importance-of-Building-Environmentally-Sustainable-CRE-Portfolios-1.png 1080 1920 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-04-03 08:53:002022-03-11 09:56:00The Importance of Building Environmentally Sustainable CRE Portfolios
Today, it’s increasingly important for CRE investors to build environmentally sustainable CRE portfolios; seeing as this reduces their risk exposure and delivers greater value.
https://voitco.com/sandiego/wp-content/uploads/2022/03/Five-Trends-Driving-the-CRE-Market-in-2022-1200-×-628-px.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-03-27 08:45:002022-03-11 08:51:26Five Trends Driving the CRE Market in 2022
At Voit, we’re observing five trends driving the CRE market in 2022: industrial, multifamily, life science, office space, and inflation.
https://voitco.com/sandiego/wp-content/uploads/2022/03/The-Sale-Leaseback-Alternative-1.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-03-20 11:45:002022-03-11 11:48:31The Sale-Leaseback Alternative
A sale-leaseback allows property owners to free up balance sheet capital without losing the ability to continue using it. The sale-leaseback might be right if you’d like to exit your investment and continue business operations from your current location.
https://voitco.com/sandiego/wp-content/uploads/2022/03/Setting-Goals-as-a-CRE-Broker-1.png 1080 1920 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-03-20 08:42:002022-03-11 08:51:45Setting Goals as a CRE Broker
As a CRE broker, setting goals is essential to your success. Moreover, your goals need to be concrete and quantifiable to guide quarterly, monthly, weekly, and daily tasks.
https://voitco.com/sandiego/wp-content/uploads/2022/03/Financing-Commercial-Real-Estate-Part-2-1.png 1080 1920 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-03-13 11:34:002022-03-11 11:47:42Financing Commercial Real Estate: Part 2
Conventional loans are based on the income stream that a property produces. This considered, the most important component of the underwriting process is the stability of the income stream.
https://voitco.com/sandiego/wp-content/uploads/2022/03/Aerospace-Driving-CRE-in-Southern-California-1.png 1080 1920 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2022-03-13 08:34:002022-03-11 08:51:59Aerospace Driving CRE in Southern California
The aerospace industry’s demand for commercial real estate is on the rise. As the demand for satellites increases, so does the CRE necessary to build them.
https://voitco.com/sandiego/wp-content/uploads/2022/02/How-Does-a-Commercial-Broker-Get-Paid-1-e1644596824781.png 507 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2022-02-27 07:00:002022-03-11 08:52:14How and Why Are CRE Brokers Paid the Way They Are?
How does a commercial broker get paid? And who pays them? To alleviate confusion, Voit Real Estate Services is here to clarify the process.
https://voitco.com/sandiego/wp-content/uploads/2022/02/Warehouse.jpeg 1414 2120 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2022-02-07 15:50:562022-02-07 15:50:58From the Desk of Eric Northbrook
Finding the right building for your needs requires attention to detail and a thorough understanding of all your options. We can help at Voit.
https://voitco.com/sandiego/wp-content/uploads/2022/01/How-to-Get-the-Right-Funding-to-Purchase-CRE.png 628 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2022-02-06 07:00:002022-01-26 09:55:21Financing Commercial Real Estate: Part 1
The owner/user model has been around for decades and has been a tremendous wealth-building tool for business owners throughout the nation. The San Diego Region has long been a leader in owner-user sales and that trend continues to this day. Let’s take a look at how you can become your own landlord and build wealth for yourself, while still providing significant advantages to your company.
https://voitco.com/sandiego/wp-content/uploads/2022/01/Midway-District-1.jpeg 560 840 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2022-01-30 13:49:002022-01-21 13:52:30Midway District: What’s to Come?
San Diego’s plan to revitalize the Midway District has hit a wall. But the fight isn’t over. Read on for more on SD’s 30-foot coastal height limit and how Measure E hopes to change this.
https://voitco.com/sandiego/wp-content/uploads/2021/12/How-Amazon-Growth-is-Affecting-Commercial-Real-Estate-in-San-Diego-.png 628 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2022-01-09 07:00:002021-12-21 12:35:05How Amazon Growth is Affecting Commercial Real Estate in San Diego
With a newly constructed fulfillment center in Otay Mesa, Amazon is the top e-commerce company in the world, affecting CRE growth in San Diego.
https://voitco.com/sandiego/wp-content/uploads/2021/12/Why-Voit-Made-Top-Workplaces-Lists-in-2021-1.png 628 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2021-12-05 07:00:002022-03-11 08:52:27Why Voit Made Top Workplaces Lists in 2021
Voit prides itself on our company culture—which is why we’ve been named in San Diego’s Top Workplaces 2021 by the San Diego Union-Tribune.
https://voitco.com/sandiego/wp-content/uploads/2021/10/voit-week-1-1200-x-628-px.png 628 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2021-10-31 07:00:002022-03-11 08:52:38What is Senate Bill 9? Should It Have Been Approved?
This time of year, there’s a lot of legislation to keep top of mind—especially for those in the commercial real estate industry. Most recently, California Governor Gavin Newsom approved Senate Bill 9. The changes that accompany this bill bode the question of whether or not Governor Newson made the right economic call approving it.
https://voitco.com/sandiego/wp-content/uploads/2021/09/The-Silver-Tsunami-and-CRE-What-You-Need-to-Know.png 628 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2021-10-17 07:00:002021-09-23 09:32:02The Silver Tsunami and CRE: What You Need to Know
The term “Silver Tsunami” illustrates the aging of baby boomers. How will this phenomenon impact the commercial real estate (CRE) industry?
https://voitco.com/sandiego/wp-content/uploads/2021/09/San-Diego-Tourism-is-Trending-Again.png 628 1200 Amanda Rogers https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Amanda Rogers2021-09-19 08:38:002021-09-20 16:05:51San Diego Tourism is Trending Again
The San Diego economy is booming once again. Commercial properties are filled. It’s official: San Diego tourism is trending again.
https://voitco.com/sandiego/wp-content/uploads/2021/08/Life-Science-Featured-Image.png 628 1200 Becca https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Becca2021-08-15 07:00:002021-08-04 09:47:33The San Diego Life Science Demand is Heating Up
The demand for life science research has grown significantly. A global pandemic was the cherry on top, causing investors to seek opportunities more than ever.
https://voitco.com/sandiego/wp-content/uploads/2022/05/iStock-960048620-1.jpg 1460 2054 Jackie Berens https://voitco.com/sandiego/wp-content/uploads/2021/03/voit-logo_blue.png Jackie Berens2022-05-02 13:28:532022-05-02 14:24:18The Impact of an Economic Slowdown on San Diego’s Commercial Property Market￼
The country got a wake-up call on April 28th when the first estimate of Q1’s GDP had the US economy contracting at an annualized rate of 1.4%. Most experts expected a sluggish quarter of growth, but none that I know of predicted an actual decline in economic activity. I was just as surprised as everyone else and it made me wonder if we are headed for recession and, if so, how that would impact commercial real estate here in San Diego?