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More good news, this time in regards to the industrial market on the mid-peninsula. We have seen quite a bit of movement this past quarter especially among smaller owner/users snatching up good deals while SBA interest rates are low and rents have begun to rise as inventory shrinks. Many users are seeing an opportunity to pay a mortgage similar to, or even less than comparable rents in the area. All in all, spring and summer have been simmering. Here’s an excerpt from the report:
The market is starting to tighten and we are seeing an increase in smaller deals throughout the San Francisco Peninsula industrial market in the second quarter of 2013. Absorption continues to stay positive this year, but slowed in the second quarter with smaller deals and a slight downtick in the volume of deals. This would be expected considering the national economy’s sluggishness, sequestration starting to kick in, and the fiscal cliff tax increases from the start of the year. Activity has picked up from the start of the quarter, however, and continues on an upward swing.
Read entire report here: industrial-market-research-san-francisco-2013-2q