Leasing

Some $100 billion was poured into the asset class during the past decade, which has been matched by a technical shift and major influence by cloud platform providers–Amazon, Google and Microsoft.

The Richland Companies is seeing an uptick in leasing activity particularly at two properties because of recent building improvements that have all been for pre-emptive upkeep and visual enhancements.

Rent growth has plateaued in Los Angeles to less than half a percent, and renter migration to more affordable markets is driving the slowdown.

Aspen Dental will occupy nearly half of the building with 197,000 square feet of office space and 8,000 square feet of retail space on West Fulton Market. Upon occupancy, the property will serve as Aspen Dental's new national headquarters.

Law firm Landman Corsi Ballaine & Ford inked a 10-year lease extension and expansion to 23,563 square feet and will now occupy the 22nd and 23rd floors at the 543,494-square-foot One Gateway office building.

In the last decade, more than 90% of all owner-user deals in San Diego have been properties under 30,000 square feet.

JAH Realty LP recently acquired a Tom Thumb shadow-anchored community center and office project with plans for renovations and re-merchandising for the 50%-occupied retail building and vacant office portion.

While the Bay Area led the nation in office-using services job growth at 5.2% in 2019, it will likely rank second in 2020 at 2.5%, edged out slightly by Austin's 2.6% growth, according to a CBRE report.