Author: David Marino
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Truth Behind The Numbers: Vacancy Rates In Commercial Real Estate
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In 1954, Darrell Huff’s How to Lie with Statistics quickly became a standard textbook for any introductory statistics class, addressing thorny concepts such as random sampling, correlation versus causation and visual misrepresentation through scale manipulation or truncation. The book makes the case that we are all susceptible to being misled if we are not careful…
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2013 ended with a near-record recovery of the commercial real estate market. In all, almost 3.3 million SF of office, lab and industrial space was absorbed throughout San Diego county in 2013. That comes on the heels of 2.87 million in 2012 and 2.6 million in 2011. All told, over the last three years, 8.8 million SF of total net…
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Earlier this month I hosted a presentation with representatives from Gensler, the global design and architecture firm, focusing on workplace trends and the ways corporate interiors are being used to drive productivity and culture. Joining me on the panel were Kevin Heinly, Managing Director of Gensler’s San Diego Office, and Claudia Salazer, Workplace Design Director for Gensler.
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The San Diego County commercial real estate market continued to show dramatic improvement in the third quarter of 2013 as another 1.4 million square feet of office, lab, and industrial space was absorbed. It was a record quarter in the economic recovery that we have had, with a decline in space availability not seen since 2010. Based on the space…
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We recently got news that Hines has approved La Jolla Commons III for a July 2015 completion date. One of two new towers that the market is planning to bring out of the ground in UTC, La Jolla Commons III will be competing with the Irvine Company’s La Jolla Centre III, also scheduled to open in early 2015.
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Last month it was my honor to host a luncheon for Neel Kashkari, former Assistant US Treasury Secretary, who is considering running for Governor of California in 2014. I first met Neel in June at a breakfast hosted for him by a group of Newport Beach business owners. I was so inspired by his no nonsense approach to turn California…
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At Hughes Marino we are always on the lookout for special, new spaces to meet our clients’ unique needs. Recently I had the opportunity to get a closer look at one that’s currently under construction — one of the most innovative and gutsy remodels that Torrey Pines has seen in years.
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As we end second quarter 2013, half way through the year, 2013 is shaping up to be another strong recovery year for the San Diego County commercial real estate market. Another 460,000 square feet of office, lab, and industrial space came off the market in the second quarter. On top of the 966,000 square feet […]
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The broad commercial real estate market continues to show signs of a gradual recovery. In the first quarter, 169,000 ft.² of office, lab and industrial space came off the market. The total amount of sublease inventory continues to go down as well. All of these high-level indicators are the ones to watch for continuing improvement or a potential stall. Hughes…
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The full-service commercial real estate firms are doing business today virtually the same way as they have been for the last century. For the full service firms, specialization then, and now, revolves around submarkets and product types—being a Downtown office broker, or being a South Bay industrial broker. But the business has changed radically where entire companies now are best-of-class…
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As San Diego County’s economy improves, there’s growing risk that “crazy money” from real estate speculators could take prices back into bubble territory, a panel of local business and civic leaders told a packed audience at the Estancia La Jolla resort. A truly sustainable recovery will depend more on the creation of walkable, bikable neighborhoods than a short-lived influx of…