What is the average increase in appreciation for Commercial office buildings in So Cal?

this would be for class A properties less than one year old if that helps.
In Market Conditions - Asked by Debbie H. - Dec 18, 2008
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Answer(s)

Andres G.
Owner/Investor
Miami Beach, FL

Debbie, I would suggest hooking up with a Marcus and Millichap or CB Richard Ellis broker in your area who specializes in Office buildings. They also have excellent market reports as well.

Jan 11, 2009
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Chris C.
Broker/Agent
New York, NY

Debbie -
Call Tom Bohlinger at CBRE in Dowtown L.A. I've worked with him in the past and he's the guru of office product in Los Angeles.

Jan 15, 2009
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Chris S.
Broker/Agent
Coeur D'alene, ID

There are lots of good market reports out there, but an average is just an average. Every market, submarket, property type and even every building vary. Who are the tenants, where is the building located, what's the competition like, what's the future competition look like, what are employers in that neighborhood doing, etc. etc.
Contacting a professional/broker is a great start, another source is a good commercial appraiser. If you need specific referrals, let me know. I appraised office/industrial/retail in SoCal for many years.
chris.schreiber@century21.com

Jan 16, 2009
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Chris S.
Broker/Agent
Coeur D'alene, ID

-30% per annum for the past few years.

Jan 22, 2010
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