Commercial sales are exceeding expectations.
“To place this era of unprecedented sales in historical context, the graph…shows South Coast sales volume has followed a stair-stepping growth pattern with three distinct phases, starting with the “great recession” 15 years ago. The recessionary phase lasted through 2011and was followed by a seven-year stretch averaging $315 million of non-hotel volume. 2022 was the
“Following record-breaking commercial sales production in Q2, deal volume returned to more typical levels in Q3, as interest rate hikes began to create pricing friction in the South Coast market. Nevertheless, 2022 is already a banner year for sales.”
Some Q3 Highlights:
Prominent building located in the Castilian Creative Campus, in the heart of Goleta’s boomingTech hubs. Close to US 101, Santa Barbara Airport, UCSB, and numerous retail amenities and shopping centers.
For more information call Liam Murphy, CCIM (805) 898-4385 or liam@hayescommercial.com
In this article Liam Murphy, CCIM shares sublease insights with Pacific Coast Business Times‘ reporter Brooke Holland.
For your copy of Hayes Commercial Group’s Market Report or to discuss your commercial space needs, email liam@hayescommercial.com
“As we observed in our last report, both investor and owner-user purchases have been on the rise, but investor activity has grown at a higher rate.”
Some Q2 Highlights:
Liam Murphy of Hayes Commercial Group answers one of the most pertinent Covid-related questions: Who is returning to the office?
In this video Liam talks about which office users are working in-person and the questions you should be thinking about when considering your space needs.
Contact Liam Murphy at (805) 898-4385 to discuss your CRE strategy.
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:
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
In this video find out what questions our forward thinking clients are asking while they analyze the new normal in office use and implement new portfolio strategies.
For more strategic key points please email liam@hayescommercial.com