Commercial Real Estate Report
Author: William A. Saks
Columnist: William A. Saks
Mar, 2009 Issue
This wave of new hotels with numerous retail additions, will bring revenue to the cities in the form of sales and transient occupancy tax. Ironically, the Bay Area’s economic woes may accelerate hotel demand in the Wine Country, as people take short weekend getaways rather than longer destination vacations. In summary, there are a lot of new jobs being created and a lot of “room nights” on the near horizon—which translates to a lot of new money about to hit our local economy.
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Author: Courtesy of Terranomics
Mar, 2009 Issue
The Sonoma County retail shopping centers market ended 2008 with a vacancy rate of 6.8%, a 420 basis-point increase compared to its mark of just 2.6% at the close of 2007. The average asking rental rate for shop space was $27.19 per square foot (NNN) through year-end 2008. The total gross leasable area (GLA) of all retail centers in Sonoma County,
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Author: Courtesy of Terranomics
Mar, 2009 Issue
The Marin County retail shopping centers market ended 2008 with a 6.2% vacancy rate, a moderate 220 basis-point increase compared to its mark of just 4% at the close of 2007. The average asking rental rate for shop space was $27.87 per square foot (NNN) at year-end 2008. The total gross leasable area (GLA) of all retail centers in Marin County,
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Author: William A. Saks
Sep, 2008 Issue
Given the state of the housing industry and credit markets, is the commercial real estate office sector poised for a downhill spiral following its 2007 peak? While many believe the housing sector controls the fate of our economy, it actually accounts for only 4% of the U.S. Gross Domestic Product (USGDP).
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