The Ocean Company

10/27/2024

Healthcare industry is for significant challenges. Check out early blog to see how some of these obstacles can be turned into advantages.

The healthcare real estate market is experiencing significant momentum as the delivery of healthcare continues to shift toward outpatient care. With an aging population and the rise of outpatient services, medical office spaces have become one of the most sought-after property types by both healthca

09/19/2024

As many companies shift away from remote and hybrid work policies, there’s been a notable push to bring employees back to the office. Some major firms like Amazon and Zoom have recently changed their stance, demanding more in-person collaboration. For example, Amazon now expects employees to work in the office three days a week, while Zoom is asking for a hybrid model where employees return twice a week. This trend reflects a belief in the benefits of face-to-face interaction and concerns over declining productivity from extended remote work.

The e-commerce giant is ending hybrid working and will stop people hot-desking in the US.

05/22/2024

Conversations regarding interest rate fluctuations typically concern residential real estate, however these changes affect commercial property markets as well.

The surge in industrial developments over the past two years has slowed considerably. Developers completed over 1.5 billion square feet of industrial projects in the U.S. during 2022 and 2023, but many of these were finished without tenants, pushing the vacancy rate from 3.8% to 6.4%. Now, early 202

02/17/2024

Showing off primo office spaces in Orange County felt like level 4 of Mario Brothers (iykyk)

With tenant concessions being a major deal driver and quality spaces being snagged, finding the perfect spot is like finding a golden ticket. From sleek modern designs to killer amenities (think: onsite gyms, gourmet cafes, and rooftop lounges), we can find the perfect space for your company. Let’s make your workspace dreams a reality. 💼🌟

Whether your team works on a flexible schedule or collaborates in person daily, there are some very cool projects with available space that will inspire your employees to be their best

04/13/2022

New San Diego Office Market Insights

Accelerated demand for San Diego’s class A and B office inventory has accelerated since the end of last year. Expansion from local biotech firms absorbing vacant space with larger transactions requiring new construction are driving demand throughout Torrey Pines, Carmel Valley and Del Mar Heights.

01/26/2021

Looks like someone should have hired me...

Just kidding (not really) however, this is interesting because there may be many other hospitality operators facing the same situation throughout California.

When does the lack of tourism due to government shutdowns prompt similar moves from other iconic boutiques?

And if you have a lease that needs renegotiating call me before you have to shutdown. 858.356.2990



The Standard hotel in West Hollywood shutting down indefinitely after 22 years http://ow.ly/BEDX30ruc2V

The Standard, Hollywood will close indefinitely because a significant increase to its lease makes operating the property impossible, the boutique hotel announced this week.

12/15/2020

Retailer’s expecting things to return to 2019 business models are in for a rude awakening.

E-Commerce gained more ground in 6 months this year than the previous 6 years.

Customers are now increasingly willing to shop digitally with the expectation their goods will be delivered quickly. In addition, the seamless customer experience will become the norm and anything less will kill potential sales.

While larger brands have leverage & economies of scale, smaller brands have the advantage if being more nimble, able to test strategies faster and innovate.

Should be an interesting year for Brick & Mortar operators.

http://ow.ly/NQMN30roFd1

E-commerce has been displacing brick-and-mortar stores for years, but the trend accelerated dramatically in 2020, as lockdowns and shuttered retail locations forced consumers to the internet in droves.

12/11/2020

As someone that does coastal rides and frequently goes through Liberty Station, this will be a great addition to the area. Additionally, this might pull more people into the project and further support the restaurants & Public Market.

San Diego OKs $2.6M regional bicycling center at Liberty Station

http://ow.ly/l6Ue30ro9kW

Supporters call proposed center 'a gathering place for all things bicycle'

12/08/2020

Now that stay-at-home orders are in effect once again in CA, what are the realities we’re facing as this year comes to an end without government assistance in place for businesses or employees.

🍽 Without continuous support (take-out orders, gift card purchases) a lot of your favorite local restaurants are facing closure. We’ve all heard “if I only knew rhey were in trouble I would have supported them more”. Well this is your warning. Buy your friends and family gift cards, buy your employees gift cards. Place large lunch orders for your staff...assuming they come into the workplace. If your looking to aquire, sell or lease a restaurant, I know a guy that can help. The reality is there will be a lot of second generation restaurant space with equipment on the market by Q2 2021.

🏢 Without financial assistance, small businesses occupying office space may want to take a hard look at the way they’re currently using space and the forecast for the next 6-12 months. Office tenants getting a lot of utility from their space should evaluate their real estate costs as market conditions have changed from a year ago. Landlords have seen a decrease in leasing activity, and while pricing has yet to reflect it, lease concessions are increasing. Office users whose employees primarily WFH should consider subletting their space. While activity is lower than previous years, there are tenants looking for short term (3 years or less) lease commitments.

The best thing to do right now is start planning, however difficult. If you have any questions about your options, I’m here to help.

12/03/2020

Customer Loyalty. Its a term that gets thrown around often, but this year with online shopping and take-out orders dominating the landscape, repeat customers are essential to survival. Assuming you have a CRM (and you should) here's what should you do to stand out.

The restaurant and retail industry has been forced to evolve during the pandemic. Customer loyalty is at the forefront of this evolution with both sectors looking for ways to customize the shopping experience and generate repeat sales.

12/02/2020

The San Diego office market hasn't shown strong signs of deterioration as of yet. There is a chance the revolving seat method may prevent more subleases from hitting the market, however, companies may substantially decrease their footprint when possible leaving a lot of vacant space on the market.

Despite the appeal of Zoom and telecommuting, the office will remain essential for collaboration, CBRE’s Lew Horne believes.