> S&P 500 was 1,400 now 6,000 today > Real GDP per Capita was $64,000 versus now over $88,000 today > US Population was 285 Million now 336 Million today > Inflation was 3.3% now is 2.7% today > 10 Year Treasury Yield was 6.2% now is 4.2% today > Market Cap of Public REITs was $139M now $1.4 Trillion today > Office space averaged $228 per square foot now $265 per square foot today > Industrial space averaged $70 per square foot now is $145 per square foot today > Multi-family pricing was $104,000 per unit and now is $222,000 per unit today > Retail space has remained practically flat, which averages $246 per square foot then and is $248 per square foot today As we look back on the last 25 years, it’s is important to note how far we have come. The US has endured 911, the Great Financial Crisis, and a global pandemic. There have been winners and losers, but one thing is certain; do NOT bet against the US Economy. The above stats are national averages. If you bet on the Southern California coastline not only were you insulated through tough times, but you came out winners of consistent cash flow and equity appreciation. This is why we at Coastal Commercial have dedicated our specialization to serve the best coastal areas of Southern California. If you are thinking of buying, selling, refinancing, leasing, need consulting, or you are in need of property management, please reach out to us. We’d love to help you. -Nathan Holthouser, President of Coastal Commercial |