Making Headlines
Carlsbad Meets Demand for Industrial, Office Construction | San Diego — Carlsbad is a big draw for companies looking for industrial and office space. Coupled with Oceanside, it’s one of the few places in San Diego County where new industrial buildings are going up for companies that need lots of room. “On the industrial distribution side, I’ve never seen it this good in 30 years,” said Ted Cuthbert, senior vice president with Colliers International who specializes in North County industrial property. READ MORE |
Seeing Industrial In A New Light | San Diego — Sweeping views of the Pacific Ocean are not normally associated with industrial projects, but that’s what comes with a three-building complex Ryan Cos. U.S. Inc. is building in Carlsbad. “It’s crazy,” said Chris Wood, West Region president of Ryan Cos. “It’s kind of what you’d see in a high-end residential development,” Wood said. “It’s an amazing site, surrounded on three sides by open space with expansive views to the west.” READ MORE |
Last-Mile Users’ Impact on SD Industrial February 5, 2018 | SAN DIEGO - Last-mile delivery services like FedEx, UPS and OnTrac are stepping up their demand for warehouse space in San Diego, making 2018 one of the strongest years for new industrial construction in the region in 19 years, Colliers International senior EVP Ted Cuthbert tells GlobeSt.com. According to a recent report from the firm, 2017 ended at 4.2%, the lowest level of San Diego industrial vacancy ever recorded, and new construction is expected to push rental rates higher in 2018. We spoke with Cuthbert about the drivers behind this industrial boom, which submarkets will benefit from it and the types of buildings and users that can be found here. READ MORE |
Why Industrial space vacancy rate is lowest ever | Warehouses ‘R’ Us, anybody? While some traditional retail outlets continue to struggle — Toys ‘R’ Us is closing 182 stores, including three in San Diego, for instance — the need for warehouse space is booming. That’s because of the growth of the ecommerce industry, which has been the primary culprit behind retail’s brick-and-mortar woes. Take San Diego’s industrial space vacancy rate. At the end of last year, it stood at 4.2 percent. How low is that historically? READ MORE |
Top Producers | San Diego Region | PowerhouseColliers commercial real estate professionals are not satisfied with the status quo. Driven by our enterprising culture, we know that success comes from commitment – not only in how we approach our work, but in how we exceed client expectations. Colliers’ San Diego Region is proud to recognize our powerhouse brokers whose service has made them our Top Producers of 2017. READ MORE |
E-Commerce Delivers Strong Impact on SD Industrial Market | Rising Demand for Logistics Space Expected to Continue in 2018Murphy Development’s acquisition of 2001 and 2055 Sanyo Ave. in Otay Mesa -- 540,284 square feet for approximately $27.8 million -- was San Diego's largest industrial property sale in 2017.The rising tide of e-commerce, and the corresponding need for distribution and other logistics facilities to support fast, 'last mile' deliveries of goods ordered online to shoppers, helped to lower the vacancy rate in San Diego County’s industrial property market in 2017. READ MORE |
2017 Top Commercial Real Estate Leaders: Ted Cuthbert June 7, 2017 | As the son of a lieutenant colonel in the Marine Corps, Cuthbert could only say "Aye, aye, sir!" when his father told him to pursue a career in accounting. But Cuthbert, an executive vice president with Colliers International, has no regrets now 30 years after leaving a prestigious career with a Big 8 accounting firm in Los Angeles for a career in commercial real estate. "[Accounting] was a great experience, but it just wasn't where my heart was. Commercial real estate seemed to be a little more entrepreneurial and I could utilize the financial skills I'd learned, majored in, and worked at," said Cuthbert, who started with CBRE in San Diego and joined Colliers a dozen years ago. Though known as an industrial land broker, Cuthbert said his clients consider him as a "trusted adviser." Over the years, Cuthbert has forged solid relationships with his principal clients, for whom he handles all aspects of commercial real estate. READ MORE |
Drop in Industrial Vacancy to 4.4% Fueling San Diego Spec Development November 8, 2016 | Extremely tight industrial vacancy in San Diego has triggered a boom in spec development. Industrial vacancy was just 4.4% in Q3 2016, down from 5.2% year-over-year and 48 basis points lower than the previous quarter, while the overall average asking rental rate remained at $1.02/SF for the second consecutive quarter, according to a new report from Colliers International. As a result, new construction project completions in 2016 alone will outpace the previous six years combined. Nearly 2M SF of R&D and industrial space will be delivered by year's end; project completions in 2017 will exceed 2016. “Across the market, people are looking for high-quality, highly functional space (28- to 32-foot clear height, ESFR sprinklers and multiple dock-high doors),” says Colliers SVP Ted Cuthbert (shown here with TechBilt Cos sister-brother principals Jenny Tchang Frost and Ted Tchang). Colliers represents about 45% of all new industrial product under construction in San Diego County or slated to begin before early 2018. READ MORE |
Why North County is the Hot Spot for IndustrialFebruary 24, 2017 | SAN DIEGO - No longer a one-trick pony focused on the golf industry, North County has diversified, plus its location is ideal for decision-makers and workers as far north as Temecula, Colliers' Ted Cuthbert tells GlobeSt.com. READ MORE |
Industrial, R&D Development Returns to San Diego in Full Force February 2017 | Page 22-23 | After a decade of scarce industrial development in San Diego County, 2016 marked its strong return. About 1.3 million square feet of industrial/R&D space was completed, which is more than what was delivered between 213 and 2015 combined. This year is expected to be an even more active year for industrial/R&D speculative and build-to-suit development with an additional 1.4 million square feet currently under construction. North County San Diego has become the concentrated hot spot for both speculative and build-to-suit industrial development. Nearly two-thirds of all new industrial/R&D development completed in 2016 was in North County, including about 233,227 square feet of speculative construction. READ MORE |
Reaching New Heights Top Producers | San Diego Region | 2016 | Elevated by an enterprising culture, Colliers commercial real estate professionals provide strategic advice and unparalleled service excellence that help clients achieve new levels of success. Colliers International | San Diego Region is proud to recognize... READ MORE |
