In our segment “If I Were the Owner,” Broker, Justin White looks at a building chosen at random and makes some recommendations that might make owning or selling this building better. The big private office is extinct so if I were the owner of this property, I would leverage what I do have to provide for current demand. The most likely user for this property is a family owned …
The first week of games was not the only story making headlines as the National Football League commences its 2022-2023 season. Hudson Pacific Properties served as the NFL’s landlord at their—now former—media office headquarters in Culver City. They officially filed a notice with the Securities and Exchange Commission to vacate the 170,000 square foot space …
San Francisco’s downtown core once accounted for most of the city’s GDP with a 70% sales tax revenue, and 40% of all jobs. And once the pandemic permeated everyday life, mass-vacancies swept across the office sector exposing a vulnerability that could impact the local commercial real estate market. During the aftermath of the “Great Recession” …
The vacancy rate for office properties in the southern portion of Tustin is 2.6%, while the overall rate for Orange County is 13.3%. Inventory is very low as under 1.5 million square-feet is available in Tustin specifically. It has been very difficult to gain a foothold in the Tustin office market, driving competitive offers up. …
