Well we are just over seven weeks into the new year and I hope your business is off to a great start. My post today is to pass on what I see happening in the commercial real estate market moving forward this year. Before we move forward, however, let’s look back over our shoulder at the landscape of the 2013 year end trends.
By the numbers, the average vacancy rates for office space in San Diego County were as follows; Class A office 10.7% vacancy, Class B office 14.4% vacancy, and Class C office 7.7% vacancy. The overall trend in all three categories was a slight decrease in vacancy during the course of the year and is one that has remained in place for the last few years. Continue reading