This targeted commercial real estate report focuses on the South Orange County submarkets of Rancho Santa Margarita, Lake Forest/Foothill Ranch, and San Clemente.
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2 Reasons Why The Price Of Your Commercial Real Estate May Drop Steeply
Two cyclical forces are occurring today which make a significant change in the price of commercial real estate seem inevitable.
First, the inflation train is running so hot it’s going off the tracks. Completely blowing past the national target of 2% annual inflation, the US just hit 8.5% in March. That is the highest rate posted since 1981! Your alarm bells should be screaming right now. We were lulled into a sense of security over the last mild decades to now face this new 40-year high.
San Clemente, CA: Initial development plans have been submitted to the City of San Clemente, requesting a massive Amazon facility be constructed in the heart of the Rancho San Clemente Business Park. The target location is on two of RSCBP’s last vacant land parcels, situated between Calle Sombra and Calle Cordillera. Sprawling over 20 acres, the industrial facility would measure nearly 98,000... Read More
Wow.
For the first time since the completion of construction in San Clemente, there are no current vacant availabilities in either the Rancho San Clemente or Talega business parks.
The few properties that are still showing up on the public listing services are in escrow, under lease contract negotiation, or simply old and waiting to be removed.
As of today, every single industrial space is accounted for, with someone already occupying or in the process of completing the paperwork to occupy.