The Sale-Leaseback Alternative
Articles & Insights, Buyers, LandlordsA 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.
Financing Commercial Real Estate: Part 1
Articles & Insights, Buyers, LandlordsThe 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.
Industrial Trends for 2024: Part 1 – National Markets
Articles & Insights, Industrial
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…
The Future is Decentralization
Articles & Insights
Hold on tight. The commercial real estate rollercoaster is far from over. The pandemic unleashed a wave of structural economic shifts that caused a once-in-a-generation landslide in the industry. And the effects have not been distributed…
Innovative Ways to Reward and Motivate Your Employees
Articles & Insights
Today, there are more ways to work than ever before. Whether your employees are working remotely, juggling hybrid, or navigating new workplace technology, finding ways to reward and appreciate their efforts is important.
When employees…
Join the Journey: Celebrating 30 Years of Empowering Athletes with CAF
Articles & Insights, From the Desk of Eric Northbrook
I hope this message finds you well. Over the years, your invaluable support has played an integral role in fueling the mission of the Challenged Athletes Foundation (CAF) – a mission that empowers individuals with physical challenges…
What Can Landlords Do to Improve Their Properties to Gain/Keep Tenants?
Articles & Insights
As a landlord, your ultimate goal is to attract quality tenants who will not only pay their rent on time but also take care of the property. In a competitive leasing market with numerous options available to potential tenants, standing…
Key to Success: Build a Strong Company Culture
Articles & Insights
Establishing a strong company culture is vital for a positive and productive work environment. A company’s culture is built on shared beliefs, values, and practices and guides its employees’ interactions with each other and its customers.…
How to Ensure a Smooth Transition to Your New Commercial Space
Articles & Insights
Congratulations on finding a great new space that fits your business's needs! Relocating or expanding your business to a fresh or new commercial space can ignite a whirlwind of emotions – a mix of excitement, anxiety, and a feeling of…
Artificial Intelligence: Useful Tool or Something to Fear
Articles & Insights
Depending on who you’re listening to, artificial intelligence (AI) can either conjure up a HAL 9000 or a benevolent WALL-E scenario. In any event, the genie has been released from the bottle and there’s no turning back. It’s understandable…
Why Are Industrial Property Values Holding Up So Well?
Articles & Insights, Industrial
Many of us in the commercial real estate industry were predicting a significant correction in property values in response to the doubling of mortgage interest rates over the past year. When you add runaway inflation, a slowing economy and…
The LA April Fool’s Day Tax: Not a Laughing Matter
Articles & Insights
It seems appropriate that Measure ULA (United to House LA), otherwise known as the “mansion tax,” went into effect on April Fool’s Day of this year. For those not familiar with this measure, a 4% ULA transfer tax is now levied on…
Now is the Time to Ask: How Does My Lender Calculate DCR?
Articles & Insights
The grim statistics show that commercial-property owners face nearly $400 billion of debt maturing this year as regional bank failures threaten the industry’s biggest source of financing. Local and regional banks accounted for nearly…
The Importance of Transition Planning for Owner/Users
Articles & Insights, Investment
The successful execution of any business initiative begins with a good plan. This is especially true when it comes to the complexities of integrating your real estate disposition strategy with a transition and succession plan for your business…
Beware of Maturing Debt
Articles & Insights, Office
If you have been following the financial news lately, you have likely been bombarded with reports about the banking sector. The high profile meltdowns of Silicon Valley Bank and Signature Bank, two of the biggest regional banks in the country,…
The Good Neighbor Policy, the Zombie from Sacramento
Articles & Insights, IndustrialThe Good Neighbor Policy, AB 1000, aimed to protect California communities may do just the opposite and lead to additional pollution and loss of jobs.
The Impact of Higher Mortgage Rates on Industrial Property Values
Articles & Insights, From the Desk of Eric Northbrook, IndustrialSo, as you might expect, if lowering the Fed Funds Rate sent mortgage rates down, then raising the same rate would make them go up.
Why Hybrid Work is Playing a Bigger Role in CRE Than Inflation
Articles & Insights, Buyers, OfficeHybrid work is a bigger concern for commercial real estate than inflation or a recession. Why? Hybrid work shrinks the overall CRE footprint.
The Benefits of Investing in Commercial Real Estate
Articles & Insights, Buyers, InvestmentInvesting in commercial real estate can provide benefits including high-income potential and capital appreciation at low risk.
How to Use CRE Investing to Prepare for Retirement
Articles & Insights, InvestmentWhen you diversify your portfolio and invest in income-producing properties, CRE investing can be a great way to prepare for retirement.
San Diego Industrial Development with Pat Connors
Articles & Insights, Brokers, Market Insights, Research & DevelopmentIn 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.
What Does It Mean to be a Broker-Owned Firm?
Articles & Insights, BrokersBeing a broker-owned firm means our brokerage professionals sit on the Board of Directors and are shareholders in the company.
What You Should Consider When Leasing Office Space
Articles & Insights, OfficeAs a business owner, you should consider the following before leasing office space: space needs, time, lease length, and the different types of commercial leases.
How COVID and Interest Rates Affect Retail with Bob Brady
Articles & Insights, Market Insights In this month’s Market Insights, we discuss the resilience of the retail sector, how COVID affects restaurants, and interest rates in a recession.
The Looming Recession & Industrial Property
Articles & Insights, From the Desk of Eric Northbrook, Industrial, Market InsightsSince 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.
Third Places: Changing the Work Landscape
Articles & Insights“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.
Simple Marketing Tips for Entrepreneurs
Articles & Insights, BrokersSimple marketing tips for entrepreneurs include setting measurable goals, identifying and engaging with your audience, and knowing when to outsource.
What Are Voit’s Four Pillars?
Articles & InsightsAt Voit Real Estate Services, some characteristics differentiate us from the rest. Our four pillars include culture, team, community, and clients.
Real Estate Agent vs. Broker: What Is the Difference?
Articles & Insights, Brokers, Tenant RepresentationA 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.
Top Seven Benefits of Using a CRE Broker
Articles & Insights, Brokers, Tenant RepresentationUsing 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.
Use Office Space to Promote Activity and Mental Wellbeing
Articles & Insights, OfficeCompanies can use office space to promote activity and mental wellbeing by using open space, establishing way-of-work guidelines, and prioritizing comfort.
Disposition Options for Owner/Users
Articles & InsightsThe 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.
Life Science Is Trending: What to Consider When Leasing Lab Space
Articles & Insights, Life SciencesBefore 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.
Investing in CRE: Is Now a Good Time?
Articles & Insights, From the Desk of Eric Northbrook, Market InsightsThe 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.
Should Startups Jump on the Fractionalized Real Estate Asset Trend?
Articles & InsightsWhile 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.
Five Factors to Consider Before Renewing a Commercial Lease
Articles & InsightsBefore renewing a commercial lease, there are five factors you should consider: Time, size of the space, costs, property condition, and negotiations.
What Traits to Look for in Your CRE Broker
Articles & Insights, BrokersAt Voit, we believe there are specific character traits your broker should have. Our client advisors are long-term oriented, calm, optimistic, and energetic.
Situational Awareness: Your Key to Successful Negotiations
Articles & Insights, Buyers, From the Desk of Eric Northbrook, Market InsightsFinding the right space requires a level of situational awareness in understanding economic trends and high-growth industries.
How to Get Started in Real Estate Investing
Articles & Insights, InvestmentReal estate investors can diversify and enjoy stable income streams by buying and renting out properties, buying REITs, crowdfunding, or flipping properties.
Five Types of Commercial Real Estate
Articles & InsightsThere are many types of commercial real estate, five of which include office, industrial, retail, multifamily, and land.
What’s the Difference Between a Broker and a Client Advisor?
Articles & Insights, BrokersBrokers 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.
The Impact of Higher Mortgage Rates on PID Owner-User Buildings
Articles & Insights, Buyers, Investment, Market InsightsFor 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.
Industrial Real Estate Growth Continues into 2022
Articles & Insights, IndustrialThe 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.
Down Payment Requirements for Commercial Properties
Articles & InsightsWith 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%.
How Voit Motivates Its Team Members
Articles & Insights, BrokersThere 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.
The Importance of Building Environmentally Sustainable CRE Portfolios
Articles & InsightsToday, it’s increasingly important for CRE investors to build environmentally sustainable CRE portfolios; seeing as this reduces their risk exposure and delivers greater value.
Five Trends Driving the CRE Market in 2022
Articles & Insights, Industrial, Life Sciences, Multi-Family, OfficeAt Voit, we’re observing five trends driving the CRE market in 2022: industrial, multifamily, life science, office space, and inflation.
2022 Office Leasing Trends in San Diego
Articles & Insights, From the Desk of Eric Northbrook, Life Sciences, Market InsightsThe 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.
Setting Goals as a CRE Broker
Articles & Insights, BrokersAs 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.
Financing Commercial Real Estate: Part 2
Articles & InsightsConventional 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.
Aerospace Driving CRE in Southern California
Articles & Insights, Land, Market InsightsThe 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.
How and Why Are CRE Brokers Paid the Way They Are?
Articles & Insights, BrokersHow does a commercial broker get paid? And who pays them? To alleviate confusion, Voit Real Estate Services is here to clarify the process.
From the Desk of Eric Northbrook
Articles & InsightsFinding the right building for your needs requires attention to detail and a thorough understanding of all your options. We can help at Voit.
Midway District: What’s to Come?
Articles & Insights, RetailSan 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.
How Amazon Growth is Affecting Commercial Real Estate in San Diego
Articles & Insights, IndustrialWith a newly constructed fulfillment center in Otay Mesa, Amazon is the top e-commerce company in the world, affecting CRE growth in San Diego.
Why Voit Made Top Workplaces Lists in 2021
Articles & Insights, BrokersVoit 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.
What is Senate Bill 9? Should It Have Been Approved?
Articles & InsightsThis 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.
The Silver Tsunami and CRE: What You Need to Know
Articles & Insights, Multi-Family, OfficeThe term “Silver Tsunami” illustrates the aging of baby boomers. How will this phenomenon impact the commercial real estate (CRE) industry?
San Diego Tourism is Trending Again
Articles & InsightsThe San Diego economy is booming once again. Commercial properties are filled. It’s official: San Diego tourism is trending again.
The San Diego Life Science Demand is Heating Up
Articles & InsightsThe demand for life science research has grown significantly. A global pandemic was the cherry on top, causing investors to seek opportunities more than ever.
SB 1103: The Commercial Tenant Protection Act
Articles & Insights, LandlordsOn January 1, 2025, SB 1103, otherwise known as the Commercial Tenant Protection Act, will go into effect. The first-in-the-country commercial protections for small commercial tenants was signed into law by Governor Newsom on September 30. The…