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March 2017 Archives

California commercial real estate shortage most acute in Pasadena

A shortage of available office and retail space is impacting prices in several California markets, and rents in areas like Pasadena have increased by as much as 25 percent over the last 12 months as a result. Much has been written by industry experts in recent years about the struggling and sluggish retail sector, but brokers report that vacant stores in Pasadena are rarely available for long. The vacancy rate for Class A office space in the city sits at 12 percent, but a lack of new construction has caused Class B and Class C vacancies to fall to just 6 percent.

How rising interest rates could benefit California investors

According to reports, in December 2016, the Federal Open Market Committee voted to raise interest rates 25 basis points and plans to raise rates three more times during 2017. While the market had been expecting the increase, many commercial real estate investors have concerns that the change may bring about a negative impact on the commercial real estate market. However, these fears may be unfounded.

Southeast real estate boom attracts investors across the US

California investors may be interested to know that the Southeast region of the U.S. is experiencing an unprecedented economic boom. This has led to a record number of real estate closings for developers in the region, according to industry insiders.

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