Integra – San Diego appraised an existing office property containing 276,578 square feet of rentable area. The improvements were constructed in 1997 and were 100% leased as of the effective appraisal date. The site area is 17.26 acres. This appraisal was completed for financing purposes for an insurance company client.
Integra Realty Resources – San Diego, along with its 60+ offices nationwide, has again published mid-year updates to our annual Viewpoint publication – with both a National Overview and over 300 Local Market reports.
The San Diego commercial real estate market, as well as markets across the country, continues exhibiting improving market conditions for all major property types, including office, multifamily, retail, industrial, and lodging.
For a complete look at the data presented in IRR Mid-Year Viewpoint 2015, please click on the links below.
Based on our research, market conditions are expected to improve across all property types in San Diego. The following charts detail current rental and vacancy rates for office, retail and industrial property types in San Diego in comparison with the rest of the region and the United States. Following these current snapshots is a 12-month forecast of the change in market rent, the amount of square feet absorbed, the amount of construction completed, and the estimated allowance for tenant improvements.
On July 15, Integra Realty Resources will be publishing their mid-year Viewpoint publication, a comprehensive analysis of over 60 markets across the United States and the Caribbean. Compiled by MAI-designated appraisers, this update highlights local trends, cap rates, rental information, and other important commercial real estate data.
The following excerpts highlight trends for the office, industrial, and retail markets in San Diego.
Integra San Diego has completed a commercial appraisal of an office condominium property located in Carlsbad in San Diego County. The property consists of two existing, contigous units totaling about 2,550 square feet of rentable area. The improvements were constructed in 2006 and were 100% occupied by a single tenant as of the effective appraisal date. The purpose of this commercial valuation was for loan underwriting purposes for a lender.
Integra San Diego has completed a commercial appraisal of an office/retail property located in Cardiff by the Sea (Encinitas) in San Diego County. This mixed-use, two-story building contains approximately 7,000 square feet of rentable area, was built in 1917, and has been renovated in the last 10 years. As of the effective appraisal date, the building is 100% leased to 14 tenants with suite sizes ranging from 125 square feet to 4,100 square feet. The building is located on a 0.19 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.
If you have any questions or needs for a commercial real estate appraisal in Cardiff, please contact us today at 858-259-4900 or at firstname.lastname@example.org.
Every New Year begs a time for reflection, to account for what has transpired and to plan for the future. Looking back on 2014, it is important to review the three major property types across four of Southern California’s prominent markets to note any market trends. Below are tables summarizing the average price per square foot of office, retail, and industrial properties across San Diego, Orange County, Los Angeles, and the Inland Empire – including Riverside and San Bernardino Counties.