Posts by Kevin Beaumonte
Kevin Beaumonte on February 11, 2020
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 vacancy percentage in the past 10 years, but since then, there has been a slight increase collectively across the region. The question remains—will rents begin to soften, and when?Read More
Kevin Beaumonte is a vice president at Hughes Marino, an award-winning commercial real estate company specializing in tenant representation and building purchases with offices across the nation. Contact Kevin at 1-844-662-6635 or firstname.lastname@example.org to learn more.