For decades, the SBA 504 loan program has been the go-to source for buyers to acquire owner/user buildings in Southern California. It still is, though things aren’t getting any easier these days.
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For decades, the SBA 504 loan program has been the go-to source for buyers to acquire owner/user buildings in Southern California. It still is, though things aren’t getting any easier these days.
In last week’s post The Hazards of Static Decision Making, we expressed how important it is to adjust your disposition strategy to changing market dynamics. In the past year, the run-up in industrial real estate values topped out, land sales for new projects came to a screeching halt, and commercial property mortgage rates doubled to nearly 7%, which slowed investment and owner/user sales.
The fact that market conditions have changed significantly in 2023 cannot be disputed. The decade long bull run we have been on has slowed to a walk, and visibility on the path ahead is, at least for the moment, limited.
Imagine yourself sitting down at a blackjack table in a big casino to play a few hands. You lay two benjamins on the table and the dealer slides eight chips across the felt because the table minimum is $25.
Our commentary and downloadable reports on the Mid Counties and Orange County industrial markets.