According to Commercial Edge’s latest industry report, deliveries of industrial assets reached a record high of 450 Million Square Feet in 2022. In other interesting findings, the Inland Empire led the U.S. in rent growth and warehouse sales fell 30%. U.S Industrial Market Registers Record of Deliveries in 2022 Commercial Edge published its National Industrial…
While both terms are sometimes used as synonyms, warehouse space and industrial space are two separate concepts. Follow along to learn more about the differences between these two types of properties. Warehouse Space vs Industrial Space: What Is the Difference? In everyday conversation, people sometimes use “warehouse space” and “industrial space” interchangeably. However, there is…
Amid loosening COVID restrictions and a generalized desire to return to in-person interactions, the fitness industry is one of the clear winners, according to the New York Times. Gyms Become Popular Tenants in the Post-Pandemic World The COVID pandemic ushered in an age of isolation where most activities, from work to fitness, took place at…
CAM charges are an important part of many commercial leases. But are CAM charges negotiable? In this post, we answer this and other common questions about CAM charges. What Are CAM Charges? The “CAM” in “CAM charges” (also known as CAM expenses or just CAMs) means “Common Area Maintenance.” Simply put, CAM charges are the…
Cap rate and cash-on-cash return are two of the most common metrics in commercial real estate. Keep reading to learn more about cap rate and cash-on-cash return, from the differences between these two indicators to how to calculate each of them. What Is Cap Rate? Cap rate is a metric that serves as an indicator…
You probably have heard the term “triple net lease,” or NNN, when talking about commercial real estate. But what does it mean, exactly? In this post, we discuss triple net lease agreements and other types of net lease agreements. What Is a Triple Net Lease? To sum it up with a technical definition, a triple…
In this post, we take a closer look at owner-occupied commercial real estate, an essential concept within CRE. Here, we discuss the definition of owner-occupied commercial real estate and the difference between owner-occupied and non-owner occupied commercial real estate. Owner-Occupied Commercial Real Estate: a Definition As the term suggests, owner-occupied commercial real estate (abbreviated as…
Understanding the commercial zoning of a city is essential to making sense of commercial real estate. In this post, we discuss C1 commercial zoning, from a basic definition of zoning to some real-life examples of C1 Commercial Zoning taken from Southern California. What Is Zoning? Simply put, zoning is a tool local governments use to…
In today’s post, we talk about an essential commercial real estate tool: the BOMA floor measurement standards. Keep reading to learn what the BOMA standards are, how they have evolved over time, and why they matter. About BOMA The acronym BOMA stands for Building Owners and Managers Association. Founded in 1907 in the U.S., BOMA…
Due to a combination of factors, including climbing interest rates, buyers are less inclined to purchase industrial properties. Here’s what it means for owners and how SoCal CRE Team can help. Causes and Effects Needless to say, having fewer buyers on the market for industrial properties impacts the strategy and outlook of owners. Let’s take…