It looked like commercial real estate was rolling over in 2015 but 2016 was a pretty good year for asking rent and vacancy rates. Sales prices have been relatively flat for the past 2 years or so though. Number of sales are down for San Diego. There was really strong growth in all categories from 2012 to 2015. In general cap rates are really low right now so there’s plenty of room for rent growth without much capital appreciation. The low cap rates are obviously interwoven with the low interest rates. Probably not a bad time to be an owner. Could be a bad time to become a new investor.
