Viewing a single comment thread. View all comments

Manstrife t1_je3nroc wrote

Reply to comment by chuck_portis in SF commercial real estate: Office vacancy 28% (CBRE). Rents have fallen 15% (JLL) by scott_jr

Commercial RE Broker here. Farmland and industrial are considered commercial real estate. Basically, any property used for commercial business enterprise is considered commercial real estate.

Also, office rentals only account for about 15% of all Commercial real estate. Most of Commercial real estate is actually doing fine right now. The only guys getting hurt are those who have portfolios that mainly consist office space. Most Commercial RE companies are highly diversified and will be protected even if half the office space In the U.S collapsed.

Also pretty sure Blackstone owns a majority of the office space In the U.S and I wouldn't bet against those fucks.

28

Miserable-Radish915 t1_je3tb98 wrote

CBRE is badly exposed in the SEA and Australian markets. Hemorrhaging money atm.

10

martman006 t1_je3uo41 wrote

Yep, out smallish company is looking to expand into another building, and while basic office space is plentiful, we do light manufacturing and need a 70-30 mix of lab/light manufacturing with a 15x15 bay door and office area, which is surprisingly hard to come by.

5

firenamedgabe t1_je4me8o wrote

Classic light industrial set up, perfect for a little tilt wall, or Pre Engineered Metal Building if you can find an area that will let you get away with it. I work for a General contractor that builds a ton of these basically the whole length of the I35 corridor. Usually built for developers and a mix of build to suit or spec. That market is booming

5