Oregon Investor Pays Record Price for Offices in South Orange County, California

Ken Ward Economic Trends

Strength of Life Science Industry Lifts Office Performance in Region Private real estate investor BPM Real Estate Group bought a four-story office in Aliso Viejo, California, for $59 million, the priciest office sale on record in the south Orange County, California, master-planned community. AEW Capital Management, based in Los Angeles, sold the 111,391-square-foot One Enterprise building on 7.3 acres at …

Strong US Job Growth Seen as a Positive Sign for Commercial Property

Ken Ward Economic Trends

But Pressure to Cut Interest Rates May Ease After Payrolls Grew More Than Expected The U.S. labor market’s addition of 224,000 net new jobs in June, blowing past expectations and marking the nation’s 104th month of uninterrupted employment gains, is seen as a positive sign for commercial real estate. The national employment report released by the U.S. Department of Commerce …

Updated: Banks Close Record Amount of Branches in 2017

Ken Ward Economic Trends

Increased Technology Spending Accelerating Pace of Closures Somewhat lost in the wave of store closure announcements last year was news that another major user of retail space abandoned a record amount of square footage. U.S. banks accelerated their pace of branch consolidation last year, closing a net 2,069 locations, an 18% increase over the net number closed in 2016. The …

Tax Reform and Deregulation versus Impact of Higher Interest Rates

Ken Ward Economic Trends

Seyfarth Shaw Survey Finds Positive Outlook Stemming from New Administration’s ‘De-regulate and Dismantle’ Approach to Dodd-Frank With a commercial real estate executive now in the White House, more than two-thirds of the CRE executives (69%) surveyed by law firm Seyfarth Shaw said they expect President Trump will have an overall positive impact on commercial real estate in 2017. Rising interest …

O.C. Third Quarter 2016 – Industrial Market

Ken Ward Economic Trends

Orange County’s Vacancy Decreases to 2.4% Net Absorption Positive 785,928 SF in the Quarter The Orange County Industrial market ended the third quarter 2016 with a vacancy rate of 2.4%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 785,928 square feet in the third quarter. Vacant sublease space decreased in the quarter, ending the …

O.C. Third Quarter 2016 – Office Market

Ken Ward Economic Trends

Orange County’s Vacancy Decreases to 8.9% Net Absorption Positive 626,900 SF in the Quarter The Orange County Office market ended the third quarter 2016 with a vacancy rate of 8.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 626,900 square feet in the third quarter. Vacant sublease space decreased in the quarter, ending the …

Second Quarter 2016 – National Industrial Market

Ken Ward Economic Trends

U.S.’s Vacancy Decreases to 5.9% Net Absorption Positive 74,411,621 SF in the Quarter The U.S. Industrial market ended the second quarter 2016 with a vacancy rate of 5.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 74,411,621 square feet in the second quarter. Vacant sublease space increased in the quarter, ending the quarter at …

Second Quarter 2016 – National Office Market

Ken Ward Economic Trends

U.S.’s Vacancy Decreases to 10.1% Net Absorption Positive 37,476,761 SF in the Quarter The U.S. Office market ended the second quarter 2016 with a vacancy rate of 10.1%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 37,476,761 square feet in the second quarter. Vacant sublease space decreased in the quarter, ending the quarter at …