Author: Kevin Beaumonte
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Who is Hurting & Who is Thriving in East Bay Commercial Real Estate
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By Kevin Beaumonte Now that we are a full two quarters deep into the global recession caused by the COVID-19 virus, the effects of the pandemic are becoming crystal clear as to how it’s affecting the commercial real estate industry. Certainly, everyone understands that the retail, hospitality, travel and leisure and entertainment industry categories are…
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The Tri-Valley has recently made news headlines across the Bay Area emphasizing its business advantages. Over the past decade, many companies have overlooked the region for the likes of Silicon Valley, San Francisco or Oakland, but may now be realizing that the Tri-Valley presents a unique mix of top-tier office and R&D buildings, a highly talented workforce, and a quality…
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After nearly a ten-year run of consistent rental growth and strong market fundamentals, the commercial real estate industry, including nearly all real estate product types, has suddenly found itself faced with extreme challenges. COVID-19 has been a brutal shock to the world economy and the economic spillover into the commercial real estate industry is just beginning. The East Bay’s office…
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As buildings continue to sell for all-time high pricing, rents proceed to follow the trend. At this point in the market’s cycle, most institutional grade buildings have sold. While a building selling is typically a catalyst for increased rent and operating costs, it must be met with increased space demand to maintain year-over-year growth. 2016 was the East Bay’s lowest…