Author: David Marino
-
The Del Mar Heights Tenant Shakedown
on
By David Marino If you are a commercial real estate tenant in Del Mar Heights today, you likely noticed that landlords’ asking rents have spiked. There is only one project on the market with an asking rent below $4.50 plus electricity (12555 High Bluff at $4.25), and most range from $4.95–$6.15 per square foot. Surely
-
By David Marino For many business leaders, renewing a lease feels like the path of least resistance. The team is settled, the location is familiar and operations continue uninterrupted. Compared to relocating, renewing can seem simpler, faster and less disruptive. But in today’s historically soft commercial real estate markets, a new landlord will often fight
-
A fundamental tenet of real estate valuation and development is that land gravitates to the highest and best use. The United States has a residential real estate crisis, where Zillow reported in 2024 that there’s a shortage of approximately 4.5 million housing units.
-
By David Marino Commercial real estate is a “learning by doing” business. It is one of the only industries where there is no single class to take, no rule book and essentially no regulation that prepares a commercial real estate professional for lease transactions. Having been in commercial real estate for 35 years, representing tenants
-
While you can hardly open a business periodical without reading about the meltdown of office space in the United States, until recently, few are talking about the slide of industrial real estate.
-
In many real estate transactions, buyers and sellers assess the market value of a property using market comparables, or “comps,” of similar recently sold properties. Within residential real estate, comps are powerful indicators of market value since sales can be accurately compared (“comped”) with similar properties based on square footage, condition, age and other features like the number of bedrooms,…
-
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 about the way we interpret…
-
By David Marino Four years post-Covid, most employers and employees are now living the new normal—they are remote, hybrid or distributed, working where they thrive and often coming into the office three or four days a week. Right now, many companies have no formal policy as to days in the office, and most companies are
-
Three and a half years post-COVID, and it’s universally understood that office commercial real estate is in crisis. Office vacancy rates have gone up 50% nationally due to companies downsizing as their leases expire and they implement remote working and hybrid work models. Yet national average asking rents for office space have not gone down… not by a single percentage…
-
Commercial real estate trends are not absolute–and they’re not necessarily exactly the same in all markets or submarkets. However, general trends matter when predicting what the future holds, even when these trends seem to be changing weekly in response to vaccination levels and the easing of government restrictions. That being said, for several decades we have reported on the…
-
Anyone reading this understands that 2020 was one of the most volatile and difficult years in our lifetime. With that, the commercial real estate market and industry has become one of the most affected industries by the COVID-19 pandemic. However, 2020 did not affect all commercial real estate categories in the same way. The industrial sector of the economy has…