With the end of the year fast approaching, this is a good time to discuss the outlook for commercial real estate in 2023. Here we offer a summary of some insights and ideas that will equip you to make informed decisions over the next few months. 2023 Commercial Real Estate Outlook Below is a summary…
Industrial space is a broad term that includes several categories of buildings. With that in mind, in today’s post, we take a closer look at the different types of industrial buildings and their characteristics. What Is an Industrial Building? As we explained in a previous post, there is a distinction to be made between industrial…
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…