8 Key Trends In San Diego Real Estate
As 2019 Gets Underway
A year ago, few expected San Diego to attract Amazon HQ2 — and indeed, the city didn't even make the top 20 cut last January — but most expected the region to keep growing, attracting both new companies and people, which it did in 2018.
Unless the bottom falls out of the U.S. economy this year, the outlook for San Diego is much the same now as a year ago, though different parts of the metro area and different property types will experience growth differently.
The following are eight trends that dominate local CRE at the beginning of 2019, as reported by Bisnow.
Read the slideshow here.
|
|
|
Top stories on Bisnow.com
|
A New Year, A New CRE Narrative: Less-Than-Stellar Growth
The new year is expected to bring nearly flat growth in a key U.S. commercial real estate sector amid political gridlock and a volatile stock market, according to one broker sentiment survey.
Read the full story here. |
|
|
Discounters Big Retail Winners In 2018, Department Stores Still Beleaguered
More than a dozen major U.S. retailers filed for bankruptcy in 2018, including the now-gone Toys R Us, along with Sears Holdings Corp., which teetered on the edge of liquidation as the new year started.
But last year also saw its share of retail winners, including behemoths such as Walmart and Target, as well as smaller, nimble players such as T.J. Maxx, Ross Stores and Burlington Stores. Discounters did particularly well.
The continuing bifurcation of the retail market into winners and losers was in large part because winners have adapted to changes in consumer habits. The 2018 winners beat their rivals by providing faster delivery, better options for online and mobile…
Read Full Story
|
|
|
Construction Costs Complicating Developer Pricing, Tenant Decisions
At North American Properties' Colony Square redevelopment project in Atlanta, the prolific developer secured an agreement with its general contractor that will cap any construction cost increases.
That was something that the developer rarely ever considered before the Great Recession of 2008, Managing Partner Mark Toro said.
“Pre-recession, we did not see the kind of run-up [on construction pricing] that we have seen this time in this cycle,” Toro said.
Read the full story here. |
|
|
|
|
|
Short-Term Rentals Will Get Hotel Treatment Under New Massachusetts Airbnb Law
BOSTON — Short-term rentals in Massachusetts will eventually be taxed at the same rate as hotels under a newly enacted law, but the most popular short-term rental website is ready to fight back.
While hotel occupancy taxes on short-term rentals are common in other states, like Texas, Massachusetts will be the first state to require all hosts to register.
Read the full story here. |
|
|
