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Check out the latest Orange County market updates

“Heightened Risk”: Office Buildings and Debt

Commercial real estate is the third-largest asset class, trailing only behind fixed income and equities. Despite the “Magnificent Seven” driving broad equity indexes to new highs, CRE markets are experiencing a worsening downturn, particularly in the office sector. A series of notable CRE loan defaults and regional bank failures underscores this mess. Goldman’s senior equity research analyst…

Weak Outlook for Office Space in 2024

The Federal Reserve’s pivot from aggressive monetary tightening to the possibility of (pre-emptive) rate-cuts has spurred talk about whether 2024 will be a ‘no landing’ or ‘soft landing’ scenario (avoiding a recession). Optimists have been pointing to the rates market that shows nearly six cuts priced in by the end of the next year. However, it…

The Office Market

Office Space Market Orange County

Employees abandoned their office buildings in 2020 and have since migrated elsewhere. Those in real estate are thinking about WHEN office employees will return, while everyone else wonders IF they’ll return. Back to that existential question in a moment. CBRE has just published the 2nd quarter results for San Francisco’s office market. Almost 29% of the…

Businesses Are Renovating Their Offices For “Hybrid” Use

Hybrif Office Space Orange County

After years of employees working from home thanks to the pandemic, some companies and commercial landlords are finding it difficult – and even unnecessary – to bring workers and new tenants “back to the office” the way they were prior to Covid. This has resulted in landlords modifying workspaces and some corporations renovating their already…

State & Local Governments Dump Office Space

State and Goverment Office Space

At the end of 2019, state and local governments leased 22.6 million square feet (sf) of privately owned, corporate-grade office space in the US, according to data by JLL US Office Research, cited by Bisnow. But thanks to the shift to the hybrid model, combining office and working-from-home, governments are reducing their office footprint. And by…

Would You Take a 25% Pay Cut to Work From Home?

Of the largest permanent changes to occur as a result of the Covid pandemic, none may be more favored by workers than a marked increase in working from home, or a “hybrid’ workplace. Calling it “a radical transformation of professional life,” a new Bloomberg article speculates that the change in work-style could wind up “jump starting” economic…

Full Service Self Storage Brokerage

California Self Storage Commercial Real Estate

OCIG, Inc. is proud to now offer full service brokerage in the Self Storage commercial real estate market. Self storage is an excellent way to diversify your real estate portfolio whether you are in a 1031 tax deferred exchange or are an experienced real estate investor, this product type is also known as a “cash cow”…

A New Form of Crypto is Coming:  Digital Real Estate

Digital Real Esate

One of the companies in this new space is RealT.  The following is an overview. Real-World Asset Tokenization: A New Form of Asset Ownership Bitcoin has proven a concept that spawned an entire industry: digitally-native assets and asset tokenization. The invention of the blockchain created the infrastructure the internet needed for hosting digitally native assets…

Rents Gain On Strong Tenant Growth

OC Rental Buildings

Strong demand for industrial space continued in the first quarter, pushing down the vacancy rate to 3.3% and lifting lease rates to new highs as competition intensified for a short supply of space. Net absorption in Q1 totaled 672,317 SF, the second highest quarterly total in five years. Countywide, tenant growth has totaled more than…