We at Keegan & Coppin are very busy. We have actually expanded our Santa Rosa, Petaluma, Marin and Napa offices and added four additional professionals. All our offices are very busy with clients looking to take advantage of opportunities in the marketplace.
In our 32 years in business, we have seen slowdowns and downturns in the market. While there are a lot of unknowns with the current worldwide credit crisis, we remain optimistic that the strong underpinnings of our economy and especially the Northbay, will bounce us back on track in a reasonable period.
Our experience tells us that there are opportunities in slower times for those willing to take advantage of markets that have shifted towards the tenant and buyer:
- Leasing - It is a good time to secure that long term lease on facilities. Rents are more negotiable now then have been for a long time. As the economy turns around and certainly within 2-5 years, you will see rents going up dramatically as new construction comes on line with inherently higher construction costs.
- Sales - Good time to buy. Sellers are a little more flexible on pricing and the institutions are not in the market inflating prices by trading portfolios of major properties.
Some pricing is very good and less than replacement. Industrial and Industrial/Office flex in Sonoma County are very realistic in pricing. As rents pick up in a few years those acquisitions will look very good at today's pricing and tomorrow's rents.
We appreciate the opportunity to provide our services to our many clients in the Northbay over the last 32 years. Send the card in and we will return it with competitive rents in major projects and competing space in the area. We will also include buildings for sale in your market sector.