No jobs means what?

[no_such_reality]

One covenant permabulls trot out is the need for a recession and job losses for RE to slump.

Today, California’s Job numbers came out for June.

A net growth of 400 jobs. The last three months of job growth, 16000 to 4800 to 400 …

State’s Job Growth hits the brakes

[lniles]

Where are jobs growing? I work in Sorrento Valley in a building which is 1/2 unoccupied and the building next door is 5 stories of emptiness. Driving home I see business space “for lease” signs every 50 feet. I don’t know if this is a local phenomenon but there seem to be more than I’ve ever noticed. Is there a way to find the occupancy rate for business space?

[lniles]

Where are jobs growing? I work in Sorrento Valley in a building which is 1/2 unoccupied and the building next door is 5 stories of emptiness. Driving home I see business space “for lease” signs every 50 feet. I don’t know if this is a local phenomenon but there seem to be more than I’ve ever noticed. Is there a way to find the occupancy rate for business space?

[PerryChase]

http://www.costar.com is the place to visit for commercial real estate. But you have to pay.

[PerryChase]

http://www.costar.com is the place to visit for commercial real estate. But you have to pay.

[no_such_reality]

Where are jobs growing?

From the report, the two big growers were Education and Government. AKA, Government and Government.

Overall, I doubt Government can be a job growth engine.

[no_such_reality]

Where are jobs growing?

From the report, the two big growers were Education and Government. AKA, Government and Government.

Overall, I doubt Government can be a job growth engine.

[cr]

Where is a great question, as is what are these people making?

$12.75/hr won’t sustain much of an economy, much les buy a house.

They’re playing this low employment thing like a classic rerun episode. Problem is even with job growth housing is still tanking.

[cr]

Where is a great question, as is what are these people making?

$12.75/hr won’t sustain much of an economy, much les buy a house.

They’re playing this low employment thing like a classic rerun episode. Problem is even with job growth housing is still tanking.

[mixxalot]

INDIA and CHINA

are where jobs are going in mass exodus. San Diego will tank.

[mixxalot]

INDIA and CHINA

are where jobs are going in mass exodus. San Diego will tank.

[Ozzie]

There has been a huge amount of commerical space built over the last 10 years so vacancy rates are between 8-20% in different areas of San Diego. Carlsbad in particular has a large amount of newly built or soon to be built commercial and industrial space and it’s at the top of the vacancy chart with about 20% vacant right now. I do know a couple of mid size Sorrento Valley companies that are building and moving to the Bressi Ranch complex in Carlsbad.

BTW, the county’s unemployment rate “jumped” to 4.5%. Full employment is considered 6% I believe and who knows how many undocumented workers are in the county.

[Ozzie]

There has been a huge amount of commerical space built over the last 10 years so vacancy rates are between 8-20% in different areas of San Diego. Carlsbad in particular has a large amount of newly built or soon to be built commercial and industrial space and it’s at the top of the vacancy chart with about 20% vacant right now. I do know a couple of mid size Sorrento Valley companies that are building and moving to the Bressi Ranch complex in Carlsbad.

BTW, the county’s unemployment rate “jumped” to 4.5%. Full employment is considered 6% I believe and who knows how many undocumented workers are in the county.

[LA_Renter]

For the past year, Cunningham and Gin have been predicting that San Diego would be able to survive the real estate slowdown without falling into a recession. Now they say they are not sure.

http://www.signonsandiego.com/news/business/20070721-9999-1n21jobs.html

I’m totally shocked!

[LA_Renter]

For the past year, Cunningham and Gin have been predicting that San Diego would be able to survive the real estate slowdown without falling into a recession. Now they say they are not sure.

http://www.signonsandiego.com/news/business/20070721-9999-1n21jobs.html

I’m totally shocked!

[Author]

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