This quarter I wanted to highlight some interesting trends affecting commercial real estate (CRE) markets. While these trends stem from national metrics, they will ultimately affect our local markets and may offer valuable insight to investors, owner/users, developers and tenants who are considering acquisition, disposition, expansion or relocation decisions. Nationally, over the last eight quarters, …
At mid-year 2017, the nation seems to be enjoying what has been referred to as a “Goldilocks” commercial real estate market. In the children’s fairy tale, Goldilocks finds the perfect bowl of porridge – not too hot, not too cold, but just right. We currently have roaring stock values, growing GDP, minimal unemployment, rising disposable …
As in Aesop’s Tortoise and the Hare fable, California’s coastal communities (the “Hare”) continued enjoying a fast-paced and robust economic recovery in 2016, while smaller inland suburbs and tertiary markets like Nevada County (the “Tortoise”) continued on a much slower and steadier growth trajectory. Continuing with the story line, the moral looking forward may be …
With the New Year upon us, here’s a look back at how the Western Nevada County commercial real estate market fared in 2013. The following results are derived from our database which tracks almost 7 million square feet of commercial property in the Grass Valley/Nevada City region. The following figures are rounded and approximate. Vacancy …