Thursday, February 12, 2009

Northern California Market Updates

Received this link (The Registry) from a friend regarding the status of the market in Northern California:

What sectors of the commercial market will fare best or worst in 2009?

We are long in the $1-$20 million sales market, always more enduring, especially under $10 million. Lease work will be much more focused on renewals and reductions. Urban cores will do much better than fringe exurban markets.

How will the Bay Area fare in relation to other parts of the country?

The best by far, and even that will be tough. But we will all feel some light from late 2009.

How will a successful deal look in 2009?

Anything with public money attached to it, or rewriting leases long before they would have been rewritten before.

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