Commercial Properties

[moneymaker]

I noticed while driving El Cajon Blvd today that I would see a commercial vacancy every block. Is it scary like that where everybody else is? I’m not in the commercial property arena but that’s gotta be hurting wallets somewhere.

[DataAgent]

Been to Pacific Beach lately? Lots of prime commercial space available. Two years ago there were waiting lists for any retail space on Garnet Ave or Mission Blvd. Not anymore.

[DataAgent]

Been to Pacific Beach lately? Lots of prime commercial space available. Two years ago there were waiting lists for any retail space on Garnet Ave or Mission Blvd. Not anymore.

[DataAgent]

Been to Pacific Beach lately? Lots of prime commercial space available. Two years ago there were waiting lists for any retail space on Garnet Ave or Mission Blvd. Not anymore.

[DataAgent]

Been to Pacific Beach lately? Lots of prime commercial space available. Two years ago there were waiting lists for any retail space on Garnet Ave or Mission Blvd. Not anymore.

[DataAgent]

Been to Pacific Beach lately? Lots of prime commercial space available. Two years ago there were waiting lists for any retail space on Garnet Ave or Mission Blvd. Not anymore.

[evolusd]

I’m in the commercial property lending business and not only are vacancies going up fast, cap rates are rising on all commercial property types. Apartment buildings that used to trade at a low 5% cap rate is now in the high 7%’s. Cash flows are still there, but values are WAY down. Retail and office are even worse due to vacancies – especially in Temecula and Murrieta.

[evolusd]

I’m in the commercial property lending business and not only are vacancies going up fast, cap rates are rising on all commercial property types. Apartment buildings that used to trade at a low 5% cap rate is now in the high 7%’s. Cash flows are still there, but values are WAY down. Retail and office are even worse due to vacancies – especially in Temecula and Murrieta.

[evolusd]

I’m in the commercial property lending business and not only are vacancies going up fast, cap rates are rising on all commercial property types. Apartment buildings that used to trade at a low 5% cap rate is now in the high 7%’s. Cash flows are still there, but values are WAY down. Retail and office are even worse due to vacancies – especially in Temecula and Murrieta.

[evolusd]

I’m in the commercial property lending business and not only are vacancies going up fast, cap rates are rising on all commercial property types. Apartment buildings that used to trade at a low 5% cap rate is now in the high 7%’s. Cash flows are still there, but values are WAY down. Retail and office are even worse due to vacancies – especially in Temecula and Murrieta.

[evolusd]

I’m in the commercial property lending business and not only are vacancies going up fast, cap rates are rising on all commercial property types. Apartment buildings that used to trade at a low 5% cap rate is now in the high 7%’s. Cash flows are still there, but values are WAY down. Retail and office are even worse due to vacancies – especially in Temecula and Murrieta.

[UCGal]

My husband’s an architect. In previous downturns they could keep offices running on doing tenant fit-outs. There’s none of that now.

I saw on Calculated Risk a discussion of CRE in northern VA – they talked about “see through buildings” – brand new commercial office buildings that dont’ have tenents – so you can see through from one side to the other on multiple floors. There’s a LOT of those here in San Diego now. (SE corner of 805 and 52 has an example).

CRE is hurting.

[UCGal]

My husband’s an architect. In previous downturns they could keep offices running on doing tenant fit-outs. There’s none of that now.

I saw on Calculated Risk a discussion of CRE in northern VA – they talked about “see through buildings” – brand new commercial office buildings that dont’ have tenents – so you can see through from one side to the other on multiple floors. There’s a LOT of those here in San Diego now. (SE corner of 805 and 52 has an example).

CRE is hurting.

[UCGal]

My husband’s an architect. In previous downturns they could keep offices running on doing tenant fit-outs. There’s none of that now.

I saw on Calculated Risk a discussion of CRE in northern VA – they talked about “see through buildings” – brand new commercial office buildings that dont’ have tenents – so you can see through from one side to the other on multiple floors. There’s a LOT of those here in San Diego now. (SE corner of 805 and 52 has an example).

CRE is hurting.

[UCGal]

My husband’s an architect. In previous downturns they could keep offices running on doing tenant fit-outs. There’s none of that now.

I saw on Calculated Risk a discussion of CRE in northern VA – they talked about “see through buildings” – brand new commercial office buildings that dont’ have tenents – so you can see through from one side to the other on multiple floors. There’s a LOT of those here in San Diego now. (SE corner of 805 and 52 has an example).

CRE is hurting.

[Author]

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