Home › Forums › Closed Forums › Buying and Selling RE › Commercial starts hit zero!
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April 28, 2010 at 7:23 AM #544524April 28, 2010 at 7:58 AM #544419desmondParticipant
[quote=Hobie][quote=patb]one of my guys rented a warehouse, about 40,000 SF
for about 400/month plus utilities.and they let him do some serious damage to the structure, he cut a temp doorway through a load bearing wall.
that’s Ventura[/quote]
That’s incredible! What is the length of the lease?[/quote]
It’s written on a napkin and the lease is only for Fridays and Saturdays, from 2 am Friday to 8 am on Sunday. Party on Garth.
April 28, 2010 at 7:58 AM #545011desmondParticipant[quote=Hobie][quote=patb]one of my guys rented a warehouse, about 40,000 SF
for about 400/month plus utilities.and they let him do some serious damage to the structure, he cut a temp doorway through a load bearing wall.
that’s Ventura[/quote]
That’s incredible! What is the length of the lease?[/quote]
It’s written on a napkin and the lease is only for Fridays and Saturdays, from 2 am Friday to 8 am on Sunday. Party on Garth.
April 28, 2010 at 7:58 AM #545107desmondParticipant[quote=Hobie][quote=patb]one of my guys rented a warehouse, about 40,000 SF
for about 400/month plus utilities.and they let him do some serious damage to the structure, he cut a temp doorway through a load bearing wall.
that’s Ventura[/quote]
That’s incredible! What is the length of the lease?[/quote]
It’s written on a napkin and the lease is only for Fridays and Saturdays, from 2 am Friday to 8 am on Sunday. Party on Garth.
April 28, 2010 at 7:58 AM #545380desmondParticipant[quote=Hobie][quote=patb]one of my guys rented a warehouse, about 40,000 SF
for about 400/month plus utilities.and they let him do some serious damage to the structure, he cut a temp doorway through a load bearing wall.
that’s Ventura[/quote]
That’s incredible! What is the length of the lease?[/quote]
It’s written on a napkin and the lease is only for Fridays and Saturdays, from 2 am Friday to 8 am on Sunday. Party on Garth.
April 28, 2010 at 7:58 AM #544534desmondParticipant[quote=Hobie][quote=patb]one of my guys rented a warehouse, about 40,000 SF
for about 400/month plus utilities.and they let him do some serious damage to the structure, he cut a temp doorway through a load bearing wall.
that’s Ventura[/quote]
That’s incredible! What is the length of the lease?[/quote]
It’s written on a napkin and the lease is only for Fridays and Saturdays, from 2 am Friday to 8 am on Sunday. Party on Garth.
April 28, 2010 at 10:17 AM #545445UCGalParticipantI’m not at all surprised by this.
This fits what my husband (architect) is seeing on the ground. What commercial clients they have are going up to – but not through – the permit process for non-hospital work. Once the permit is pulled the clock starts ticking – and they’re not starting that clock yet.
On hospitals – the permit process is a completely different agency (OSHPD) – and the opposite is happening – permits being pushed through the state beauracracy – but then projects being put on hold. This is true for a few hospitals in San Diego.
As was mentioned – Sorrento Valley/Mesa is full of vacancies – big stand alone buildings as well as large sections of multiple tenant buildings. And new tenants aren’t doing a lot of tenant fit-out… so architects and contractors are feeling the decline big time.
April 28, 2010 at 10:17 AM #545173UCGalParticipantI’m not at all surprised by this.
This fits what my husband (architect) is seeing on the ground. What commercial clients they have are going up to – but not through – the permit process for non-hospital work. Once the permit is pulled the clock starts ticking – and they’re not starting that clock yet.
On hospitals – the permit process is a completely different agency (OSHPD) – and the opposite is happening – permits being pushed through the state beauracracy – but then projects being put on hold. This is true for a few hospitals in San Diego.
As was mentioned – Sorrento Valley/Mesa is full of vacancies – big stand alone buildings as well as large sections of multiple tenant buildings. And new tenants aren’t doing a lot of tenant fit-out… so architects and contractors are feeling the decline big time.
April 28, 2010 at 10:17 AM #545076UCGalParticipantI’m not at all surprised by this.
This fits what my husband (architect) is seeing on the ground. What commercial clients they have are going up to – but not through – the permit process for non-hospital work. Once the permit is pulled the clock starts ticking – and they’re not starting that clock yet.
On hospitals – the permit process is a completely different agency (OSHPD) – and the opposite is happening – permits being pushed through the state beauracracy – but then projects being put on hold. This is true for a few hospitals in San Diego.
As was mentioned – Sorrento Valley/Mesa is full of vacancies – big stand alone buildings as well as large sections of multiple tenant buildings. And new tenants aren’t doing a lot of tenant fit-out… so architects and contractors are feeling the decline big time.
April 28, 2010 at 10:17 AM #544483UCGalParticipantI’m not at all surprised by this.
This fits what my husband (architect) is seeing on the ground. What commercial clients they have are going up to – but not through – the permit process for non-hospital work. Once the permit is pulled the clock starts ticking – and they’re not starting that clock yet.
On hospitals – the permit process is a completely different agency (OSHPD) – and the opposite is happening – permits being pushed through the state beauracracy – but then projects being put on hold. This is true for a few hospitals in San Diego.
As was mentioned – Sorrento Valley/Mesa is full of vacancies – big stand alone buildings as well as large sections of multiple tenant buildings. And new tenants aren’t doing a lot of tenant fit-out… so architects and contractors are feeling the decline big time.
April 28, 2010 at 10:17 AM #544599UCGalParticipantI’m not at all surprised by this.
This fits what my husband (architect) is seeing on the ground. What commercial clients they have are going up to – but not through – the permit process for non-hospital work. Once the permit is pulled the clock starts ticking – and they’re not starting that clock yet.
On hospitals – the permit process is a completely different agency (OSHPD) – and the opposite is happening – permits being pushed through the state beauracracy – but then projects being put on hold. This is true for a few hospitals in San Diego.
As was mentioned – Sorrento Valley/Mesa is full of vacancies – big stand alone buildings as well as large sections of multiple tenant buildings. And new tenants aren’t doing a lot of tenant fit-out… so architects and contractors are feeling the decline big time.
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