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NEWPORT BEACH, CA—With Q4 underway, many industry professionals are looking at what's ahead in order to leverage the current momentum of the market. As recovery expands and activity increases, GlobeSt.com recently asked managing directors at locally based Voit Real Estate Services to weigh in on what the rest of 2014 and the start of 2015 will have in store for investors, owners, and operators of commercial properties.
“The main trend to look for in Q4 and beyond is a continued tightening of the commercial real estate market throughout the Western US and in many markets, a real scarcity of legitimate choices,” says Eric Hinkelman, executive managing director for Voit's Orange County, Los Angeles and Inland Empire operations. “A period of consistent job growth, rising lease rates and positive absorption has been underway in most markets for a while now, and commercial real estate professionals need to make sure they are educating their clients well in advance of lease expirations and perceived needs…not just a few months before, only to find out they will have very few, if any choices.”
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