Economy

Developers have decided to take a pause, at least for large buildings, and wait for tenants to fill up the empty spaces.

This metro area has one of the lowest industrial vacancy rates in the nation, but developers and lenders currently seem reluctant to launch new projects.

“During the first half of the year, ongoing demand for strategic distribution locations helped drive rental rates to historically high levels,” says Colliers International's David A. Simon.

Underlying the dramatic changes on the national political front are seismic demographic shifts that will continue to impact not only the political scene, but also social and business issues.

San Diego has one of the largest millennial populations in the country, and they could have big implications for real estate investment.

There are structural issues in retail that are driving today's wave of consolidations, i.e., the US is over-retailed with the most retail space per capita, 25 square foot per person, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

The office market is seeing a more diverse office tenant base and it is driving steady growth in the market.

Overall transaction volume may decline this year as the market adjusts to higher interest rates.