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Richardson Property
735 Tank Farm Road
Suite 130
San Luis Obispo, CA 93401

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Pacific Coast Business Times: Commercial Real Estate and Construction Quick Takes

The Business Times caught up with the leaders in commercial real estate and construction to ask about current trends in CRE and what’s on the horizon for their dynamic industry. What we found out? Health care and warehouse spaces are booming, smaller, more efficient retail space is trending, and is there a possibility of an invasion from Silicon Valley.

Bill Carpenter

 

The Panel:

Bill Carpenter

Richardson Properties

San Luis Obispo

Carpenter: Inventory is pretty tight, ranging from north SLO County to south county, particularly for office sizes over 10,000 square feet and industrial properties between 10 and 20,000 square feet. A lot of people are looking, but the supply is low so prices are creeping. When properties do become available they go quick.

Land prices are still pretty expensive in SLO which makes it difficult to build, given that there are also city and county fees, and it’s still a challenge to get projects approved.

Originally printed on October 4, 2019 by Pacific Business Times.

 

Corporate Office 735 Tank Farm Road
Suite 130
San Luis Obispo, CA 93401
CalBRE# 01465507
Phone: 805.781.6040
Fax: 805.781.2504

Richardson Properties | Christie's International Real Estate deems information reliable but not guaranteed. Richardson Properties | Christie's International Real Estate fully supports the principles of the Fair Housing Act (Title VIII of the Civil Rights Act of 1968), which generally prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status, and handicap (disability).

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