Q3 2019 Market Report
Through three quarters of 2019, South Coast sales continue to reflect a more selective posture from investors, while owner-users have assumed a prominent role, enabled by favorable financing. Dollar volume for sales of office property has been unprecedented, while retail and industrial property have generated below-average activity. With 60 sales to date on the South Coast, transaction volume is trending about 15% below the prior 5-year average. However, transaction momentum stepped up in Q3 to produce a robust 25 sales. Thanks to the boom in office sales, dollar volume for all property types combined is 24% above the prior 5-year average. Read the full report here.