Brokerage

In this video, Liam Murphy highlights who’s buying commercial real estate, the benefits of buying and how the properties are being used by the new owners.

For a list of recent transactions in Santa Barbara County or to request your copy of the HCG Quarterly report, please email liam@hayescommercial.com

“The momentum that produced record sales volume in 2021 carried into the new year, as Q1 generated 29 South Coast sales totaling $151 million (excluding hotels), both record values for the first quarter.”

Some Q1 Highlights:

  • The inventory of property for sale is at a five-year low; however, demand remains high and off-market sales are prevalent.
  • Heavy commercial sales activity

With momentum building each quarter, 2021 proved a banner year for commercial sales, posting record transactions and dollar value. Whereas the unexpected surge of sales volume in 2020 came mostly from well-funded investors, in 2021 sales proceeded at all price levels from all kinds of buyers. In the leasing market, all indicators show growth from the slowdown in 2020, but

The economic impact of the COVID-19 pandemic was still evident in the South Coast commercial real estate market in Q1, with virtually all indicators diminished compared to pre-pandemic levels. However, as the spring progresses, our brokers report a noticeable growth in activity and are cautiously optimistic that Q1 will prove to be the last stagnant quarter of the current cycle.

David Liebman has been in and around commercial real estate for over 35 years. He’s the Managing Broker of Merit Partners LLC, and is an Illinois and Wisconsin licensed commercial broker who has earned the prestigious SIOR designation. He specializes in buyer and tenant representation, site acquisition, leasing, purchases and build-to-suits of industrial and commercial buildings and land.
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The global pandemic has affected every aspect of human life, including commercial real estate. It has wreaked havoc in the industry as most CRE sectors such as office, hospitality, restaurants, personal services, and construction services have shut down.
As a result, many commercial tenants are running out of business by temporarily closing down their workspaces and limiting operations. This has,