Rick Reeder

While the second half of 2017 posted some big wins for the San Diego market, the slow down in the first half of the year had a major impact. Yesterday, we sat down with Jolanta Campion, director of research at Cushman & Wakefield, and Rick Reeder, executive managing director at the firm to talk about the slow start to the year. Now, Campion and Reeder give us a closer look inside each individual asset class in the market and how it contributed to the overall decline of investment activity by 10%. Unsurprisingly, retail and office led the decline, while industrial led the market, followed by multifamily. Here, Campion and Reeder give us some more insight into investment activity in the San Diego market.

GlobeSt.com: Overall, what was investment sales activity like across asset classes?

Jolanta Campion and Rick Reeder: Sales volume in 2017 for all product types combined declined 10% year-over-year from 2016 with retail investments representing the greatest decrease (-43%), followed by office (-15%).

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.