Market Insight

Lock Richards' Insight on the Commercial Real Estate Scene

Election Holding Pattern – 2016 Q3 Review

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Nevada County commercial real estate markets appear to be in a holding pattern with continued slow rent growth and value appreciation and minor tightening of vacancy rates in all product types. The upcoming presidential election is likely influencing businesses and investors to sit on the sidelines until more clarity is gained with respect to the …

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2016 Industrial Market Outlook

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Global Pressures Weigh on Growth This Market Outlook was provided by SVN International Corp. bringing you the latest industry trends, economic outlooks and markets to watch as we head into the second half of 2016. Industrial real estate made significant progress in 2015 as nationwide vacancies fell to 8.5%, a level not seen since 2000 …

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Happy New Year 2016-Q1 Review

The first quarter of 2016 in Nevada County and the Sierra Foothills has indeed been happy.  Many properties that have been on the market for an unduly long time are finally being placed into escrow, leased or sold.  The elimination of these last remaining “legacy” properties leftover from the Great Recession should begin to cause …

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March 2016-Lock Richards is Named as a Top Advisor by SVN

FOR IMMEDIATE RELEASE Lock Richards Is Named as a Top Advisor by SVN® Grass Valley, California — 23 March, 2016 — Sperry Van Ness International Corporation (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, has announced its top 100 grossing Advisors of 2015. The year-end rankings were presented in front of a …

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2015 Mid-Year Commercial Property Review

Since the beginning of 2014 until now, the Western Nevada County commercial real estate market, as a whole, has been slowly but steadily tightening and improving. Here’s a summary of 2015 mid-year commercial property review and a breakdown of each property sector:   Office Market A notable anomaly to the positive overall trend mentioned above …

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How Commercial Real Estate Fared in 2014

National economic indicators related directly to commercial real estate point to a strengthening market this year. However, markets can vary greatly based on even slight changes in geographic location. Here is a look at how Western Nevada County fared in 2014, which will hopefully shed some light on the outlook for 2015. The following information …

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Commercial Real Estate Activity-Q3 2014

More Mixed Signals On one hand, I am happy to report that our phones have been ringing “off-the-hook” as the third quarter of 2014 comes to a close. To summarize the commercial real estate activity-Q3 2014,  total transaction volume is continuing to climb, which signifies a warming and healthier market.  On the other hand, lease …

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