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Market Updates

Businesses Are Renovating Their Offices For “Hybrid” Use

Hybrif Office Space Orange County

After years of employees working from home thanks to the pandemic, some companies and commercial landlords are finding it difficult – and even unnecessary – to bring workers and new tenants “back to the office” the way they were prior to Covid. This has resulted in landlords modifying workspaces and some corporations renovating their already…

State & Local Governments Dump Office Space

State and Goverment Office Space

At the end of 2019, state and local governments leased 22.6 million square feet (sf) of privately owned, corporate-grade office space in the US, according to data by JLL US Office Research, cited by Bisnow. But thanks to the shift to the hybrid model, combining office and working-from-home, governments are reducing their office footprint. And by…

Would You Take a 25% Pay Cut to Work From Home?

Of the largest permanent changes to occur as a result of the Covid pandemic, none may be more favored by workers than a marked increase in working from home, or a “hybrid’ workplace. Calling it “a radical transformation of professional life,” a new Bloomberg article speculates that the change in work-style could wind up “jump starting” economic…

Full Service Self Storage Brokerage

California Self Storage Commercial Real Estate

OCIG, Inc. is proud to now offer full service brokerage in the Self Storage commercial real estate market. Self storage is an excellent way to diversify your real estate portfolio whether you are in a 1031 tax deferred exchange or are an experienced real estate investor, this product type is also known as a “cash cow”…

A New Form of Crypto is Coming:  Digital Real Estate

Digital Real Esate

One of the companies in this new space is RealT.  The following is an overview. Real-World Asset Tokenization: A New Form of Asset Ownership Bitcoin has proven a concept that spawned an entire industry: digitally-native assets and asset tokenization. The invention of the blockchain created the infrastructure the internet needed for hosting digitally native assets…

Rents Gain On Strong Tenant Growth

OC Rental Buildings

Strong demand for industrial space continued in the first quarter, pushing down the vacancy rate to 3.3% and lifting lease rates to new highs as competition intensified for a short supply of space. Net absorption in Q1 totaled 672,317 SF, the second highest quarterly total in five years. Countywide, tenant growth has totaled more than…

Paradigm Shift

Upon turning 50 last month, I left my real estate brokerage firm of 21 years.  Call it a midlife crisis, but I was ready for a change—much like the rest of the world.  I’ve seen a lot of change, but I suspect the biggest change is coming.  Global disruptions—the Crash of 21, Bubonic Plague, World…

Tenant Demand Shrugs Off Recession

Despite the pandemic, Orange County posted the most annual tenant growth in five years as strong demand returned in the fourth quarter. Available space remained near historically low levels with the year-end vacancy rate settling at 3.5%. Fourth-quarter net absorption was 480,104 SF and totaled 941,872 SF for the year, reversing three straight years of…

Demand Flags Amid Covid-19 Uncertainty

Closed Store Orange County

The sudden economic downturn brought on by the Covid-19 pandemic dramatically cut second-quarter leasing activity and deal volume to their lowest levels since the 2008-09 recession. Net absorption also fell into the red in Q2 as the vacancy rate ticked up 30 basis points to 3.5%. There were 367 lease deals in Q2, a nearly…