Today on the Southern California Real Estate Report we talk about inflation. More specifically we talk about how rising cost of goods is becoming a problem for San Diegans. Rent is not the only thing that cost more, along with gas, food cost have also risen. As inflation makes living in San Diego more expensive the question becomes will people continue to be able to live in our City? We talk about this and more on this weeks episode.

Today on the Southern California Real Estate Report we talk... We talk about interest rates, we talk about the housing market and the rental market. We talk about how hard it is to find deals that just make sense.And as we talk, we offer some insights into what we are seeing as the boots on the ground, as the property managers, the construction managers and brokers.

Today on the Southern California Real Estate Report SANDAG has a new plan to get people to and from the airport.The new plan hopes to deliver the project sooner than previous plans.The new faster transit connection plan will not include a Grand Central Station at NAVWAR.The new hub will be on a 13-acre piece of land of Pacific Highway and will include both above ground and below ground transit lines.

Today on the Southern California Real Estate Report we look at the office market.There is 243 million square feet of office leases set to expire in 2022.That is 11% of the total office space leased today.The pandemic has changed office space forever. More people have the flexibility to work from home. This means that office users have changing space needs.While the office market still has legs, owners of office space will need to get creative to keep office tenants happy.Article referenced for this podcast:

Today on the Southern California Real Estate Report we talk about San Diego rent growth.We ask the question how high is too high for apartment rents?We look at the affordability of San Diego compared to other California markets.The year over year rent growth in San Diego was up 13.9% at the end of the first quarter.The article we referenced can be found by clicking the following link:https://www.costar.com/article/1297403833/san-diego-apartment-rent-growth-trends-at-record-high

Today on the Southern California Real Estate Report we talk about the changing and rising interest rates. There is no way around it, we are in an inflationary period. Interests rates are rising and they are expected to continue to rise the rest of the year. Right now, Real Estate pricing does not seem to have caught on to the trend, as prices are still high, however even in San Diego things will start to change. The question is, when and how much? Listen today to learn more.

Today on the Southern California Real Estates Report we take a look at our neighbors towards the North... Los Angeles that is.Angles Landing is a new multi-family, condo, retail, high rise that will change the skyline of LA.The project in estimated to cost $1.6 billion.It will be 63 stories high.The project is projected to be completed by the Summer Olympics that are going to be held in LA in 2028.Article referenced:https://www.sandiegouniontribune.com/news/california/story/2022-03-28/downtown-las-1-6-billion-angels-landing-project-advances

Today on the Southern California Real Estate Report we talk about a new multi-family project in North Park that is all micro units.The units will be between 400 and 600 square feet and the building will have some amenities for tenants but limited parking.The project sits in an "L" shape around the famous San Diego Chickens Pot Pie Shop.Micro units are a bit of a trend in the development worldUnits are more affordable in this price because they cost less to develop.Article referenced: https://www.sandiegouniontribune.com/business/story/2022-03-17/micro-unit-apartment-complex-with-406-square-foot-studios-coming-to-north-park

Today on the Southern California Real Estate Report we talk about a new multi-family project in North Park that is all micro units.The units will be between 400 and 600 square feet and the building will have some amenities for tenants but limited parking.The project sits in an "L" shape around the famous San Diego Chickens Pot Pie Shop.Micro units are a bit of a trend in the development worldUnits are more affordable in this price because they cost less to develop.Article referenced:https://www.sandiegouniontribune.com/business/story/2022-03-17/micro-unit-apartment-complex-with-406-square-foot-studios-coming-to-north-park

Today on the Southern California Real Estate Report we talk about a new audit that does not look favorable on the way the City of San Diego handles its Real Estate assets.Nearly 25% of the City's leases are expired. This means the City is not renegotiating those leases at current market rents which is depriving the City of additional rental income.The City is also not inspecting their properties making them unaware of of how the properties are running and maintenance problems that might be occurring.Article referenced for this podcast from the Union Tribune. Linked below: https://www.sandiegouniontribune.com/news/politics/story/2022-03-01/audit-criticizes-how-san-diego-handles-its-80m-in-annual-leases-its-likely-forgoing-millions