Sellers of commercial real estate in Southern California have benefited greatly from an imbalance of supply and demand.
Too little supply coupled with a healthy demand. Only one way for sales prices and lease rates to go – straight up!
Fueled by declining available buildings and record low interest rates, sale pricing’s steady upward march started in January of 2013 and, in my opinion, peaked in the first quarter of 2016. Lease pricing started the race to the top about a year later and probably has some track to run before reaching a checkered flag.
If you want to sell your building, you should consider a pricing strategy that reflects today’s market.
An original post on AllenBuchanan.com on July 15, 2016 written by Lee & Associates’ Allen Buchanan in Location Advice – California Businesses