Posts by Tucker Hughes
Tucker Hughes on April 05, 2021
It is widely accepted that the commercial real estate market, as a whole, has taken a hit during Covid-19. Restaurants and brick-and-mortar shops have faced the worst of it as retail properties everywhere shut down. Office buildings have not fared much better as most companies sent their employees to work from home. The drop in demand for those two property types has dominated headlines across the country but, all the while, a quiet surge in demand has occurred in the industrial real estate market. Unlike other asset classes in the greater Los Angeles region, the industrial real estate market has been incredibly resilient through the Covid-19 pandemic. Combining Orange County, Inland Empire and Los Angeles, we see that together an already-low vacancy rate of 3.4% in Q1 2020 only shrunk further to an even tighter 3.1% today. Essential businesses in e-commerce, manufacturing, and biotech have all seen their demand–and need for space–soar as consumers and businesses stay at home throughout the pandemic. For these industries there is no possibility of sending their operations off-site, and the result of this increased demand is a tightening market met with an increase in development of new properties where available land exists.Read More
Who is Hurting & Who is Thriving in Los Angeles Commercial Real Estate
COVID-19’s Effect on the Los Angeles Office Market; What’s to Come in the Future
Los Angeles Market Growth Slowing as New Decade Begins
As Rents Continue to Increase, CRE Markets Remain Flat in Los Angeles for Q3
Anduril Industries Moves into New Headquarters with the Help of Hughes Marino
Fundamentals Flat, Rents Rising in Los Angeles County
2019 Off to a Slow Start-What is on the Horizon for Los Angeles?
The Year Ends Strong for Los Angeles’ CRE Market, but Will it Continue?
Los Angeles Office, Industrial & Flex Markets Inch Higher
Rental Rates Experience Rapid Growth in Los Angeles Despite Stable Fundamentals
Fundamentals Remain Flat, Rents Still Rising in Los Angeles
Los Angeles’ Market Remained Steady in 2017–What’s Next?
Industrial Building Inventory Down; Office Space Up in Los Angeles County
Tucker Hughes is managing director at Hughes Marino, an award-winning commercial real estate firm with offices across the nation. As head of Hughes Marino’s Orange County and Los Angeles offices, Tucker specializes in tenant representation and building purchases throughout Southern California and beyond. Tucker makes frequent media appearances to speak on the future of commercial real estate, and is also a regular columnist for Entrepreneur.com. Contact Tucker at 1-844-662-6635 or firstname.lastname@example.org.