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San Francisco, CA | 2016 Top #CRE Markets to Watch: Office

SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. Today we are delving into the 2016 Top Office Markets to Watch. Not the largest or the most actively contested markets, the 2016 Office Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Office Market to Watch: San Francisco, CA

San Francisco - Top Office Market to WatchSan Francisco remains one of the hottest office markets in North America, led by booms in the tech industry that are seeking urban locations over sprawling campus sites. As such, the Bay Area has some of the highest rents and lowest vacancies and this trend is not forecast to reverse anytime soon. The overall economy is very healthy for the size of this metro, with unemployment at 3.9% as of January ‘16, according to the Bureau of Labor Statistics. Office-using sectors are some of the fastest growing, with Professional and Business Services, Information, and Financial Activities growing at 5.4%, 4.8%, and 1.3% annualized rates, respectively. Affordability of office space, as well as overall cost of living and operating, are the biggest impediments to sustained growth; thus, expect the suburbs to grow and urbanize at increasing rates as well.

Stay Updated…

Over the next few weeks, the SVN Blog will be featuring posts that will focus on each of the top markets to watch for industrial, multifamily, office, and retail properties. SVN Advisors from selected top markets have provided their industry expertise regarding what to look out for in their specific market in the coming months. Don’t miss out on these important insights – subscribe to the SVN Blog on the right side of the blog homepage.

To read more on other top office markets, download the full version of the 2016 Office Market Outlook report here.

2016 Office Market Outlook

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San Francisco, CA | 2016 Top #CRE Markets to Watch: Retail

SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. Today we are delving into the 2016 Top Retail Markets to Watch. Not the largest or the most actively contested markets, the 2016 Retail Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Retail Market to Watch: San Francisco, CA

San Francisco - Top Retail Market to WatchSan Francisco has been the iconic American boomtown for centuries and this trend continues today as technology firms have helped lead record job growth that has brought the unemployment rate down to 3.9% in January ‘16 as employment continues to grow at a 3.6% annualized rate, according to the Bureau of Labor Statistics. San Francisco is also a major port and tourist destination, thus the demand for retail real estate should grow strongly in 2016 and beyond. According to the Census Bureau, population has grown by 5.9% from 2010 to 2014, which is quite impressive given the limited land mass of the city and topography of the Bay Area. As rents and home prices rise, expect San Francisco retail real estate to continue gentrifying as well, causing rent spikes in many sub markets.

Stay Updated…

Over the next few weeks, the SVN Blog will be featuring posts that will focus on each of the top markets to watch for industrial, multifamily, office, and retail properties. SVN Advisors from selected top markets have provided their industry expertise regarding what to look out for in their specific market in the coming months. Don’t miss out on these important insights – subscribe to the SVN Blog on the right side of the blog homepage.

To read more on other top retail markets, download the full version of the 2016 Retail Market Outlook report here.

2016 Retail Market Outlook

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San Jose, CA | 2016 Top #CRE Markets to Watch: Multifamily

SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. Today we are delving into the 2016 Top Multifamily Markets to Watch. Not the largest or the most actively contested markets, the 2016 Multifamily Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Multifamily Market to Watch: San Jose, CA

San Jose - Top Multifamily Market to WatchSan Jose is one of the hottest cities in the Bay Area and thus has experienced very strong employment growth since 2011 which has brought the unemployment rate down to 3.9% as of January ‘16 while jobs are still being created at the robust pace of 3.8% annualized according to the Bureau of Labor Statistics. Population growth is also significant at 6.6% from 2010 to 2014 as people find this market relatively more affordable. The San Jose housing stock is traditionally owner oriented with only 43% used for rentals. Given the rate of regional growth, local multifamily assets are very well positioned to pick up demand from surrounding areas a well as localized growth. Rent growth is expected to exceed 5% with relatively low new supply in 2016. Top sectors in job creation include Construction, Information, and Professional and Business Services with annualized growth rates of 10.3%, 8.4%, and 6.8%, respectively.

Stay Updated…

Over the next few weeks, the SVN Blog will be featuring posts that will focus on each of the top markets to watch for industrial, multifamily, office, and retail properties. SVN Advisors from selected top markets have provided their industry expertise regarding what to look out for in their specific market in the coming months. Don’t miss out on these important insights – subscribe to the SVN Blog on the right side of the blog homepage.

To read more on other top multifamily markets, download the full version of the 2016 Multifamily Market Outlook report here.

2016 Multifamily Market Outlook

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San Diego, CA | 2016 Top #CRE Markets to Watch: Retail

SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. Today we are delving into the 2016 Top Retail Markets to Watch. Not the largest or the most actively contested markets, the 2016 Retail Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Retail Market to Watch: San Diego, CA

San Diego - top retail market to watchSan Diego has steadily grown since the recession with now record levels of employment that have brought the unemployment rate down to 4.7% in January ‘16, while new jobs continue to be added at an annualized rate of 2.8%, according to the Bureau of Labor Statistics. Population has also grown 6.1% from 2010 to 2014 according to the Census Bureau, as people choose San Diego for its high quality of life and climate. Its diverse economy from military and shipping to research and finance has allowed demand and fundamentals for retail real estate to grow with a trend that should persist through 2016 and beyond. The top sectors for job gains are Construction, Education and Health Services, Professional and Business Services, and Manufacturing, with annualized growth rates of 7.4%, 3.9%, 3.6%, and 3.4%, respectively.

Stay Updated…

Over the next few weeks, the SVN Blog will be featuring posts that will focus on each of the top markets to watch for industrial, multifamily, office, and retail properties. SVN Advisors from selected top markets have provided their industry expertise regarding what to look out for in their specific market in the coming months. Don’t miss out on these important insights – subscribe to the SVN Blog on the right side of the blog homepage.

To read more on other top retail markets, download the full version of the 2016 Retail Market Outlook report here.

2016 Retail Market Outlook

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Los Angeles, CA | 2016 Top #CRE Markets to Watch: Industrial

SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. Today we are delving into the 2016 Top Industrial Markets to Watch. Not the largest or the most actively contested markets, the 2016 Industrial Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Industrial Market to Watch: Los Angeles, CA

Los Angeles - top industrial market to watchLos Angeles is one of the largest, most dynamic cities in the United States and its economy has fully recovered, with a normalized level of unemployment at 5.5% as of January ‘16 and annualized total employment growth of 2.3%, according to the Bureau of Labor Statistics. Its industrial space market is one of the best performing in the nation due to the growth in container and freight traffic from the port as well as inbound air cargo from Asia. The Trade, Transportation, and Utilities sector is growing at an annualized rate of 1.7%, meaning that further growth and expansion is possible. Of course, the reliance on trade could cause a contraction in the industrial sector with global pressures, but this is unlikely as much of the trade and distribution are import goods that will benefit from a strong US dollar.

Stay Updated…

Over the next few weeks, the SVN Blog will be featuring posts that will focus on each of the top markets to watch for industrial, multifamily, office, and retail properties. SVN Advisors from selected top markets have provided their industry expertise regarding what to look out for in their specific market in the coming months. Don’t miss out on these important insights – subscribe to the SVN Blog on the right side of the blog homepage.

To read more on other top industrial markets, download the full version of the 2016 Industrial Market Outlook report here.

2016 Industrial Market Outlook

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San Francisco, CA | 2015 Top #CRE Markets to Watch: Multifamily

Sperry Van Ness International Corporation’s (SVNIC) 2015 Market Update Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2015. Today we are delving into the 2015 Top Multifamily Markets to Watch. Not the largest or the most actively contested markets, the 2015 Multifamily Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Multifamily Market to Watch: San Francisco, CA

San Francisco: 2015 Multifamily Markets to WatchSan Francisco’s tech industry is booming, bringing with it jobs, rental households, and multifamily investment dollars. In spite of new development, the city still ranks as one of the most expensive (if not the most expensive) places to live in the United States. Chandan Economics reports that rents for mortgage-backed properties increased at a double-digit pace in 2014. Across the multifamily inventory, the average apartment rent was nearly $3,000. Prospects for income growth are well-capitalized into the market’s aggressive pricing; domestic and cross-border investors ready to pay a premium for liquidity are best prepared to navigate around buying opportunities.

The influx of young well-paid tech workers and the reach of development into new neighborhoods are not without their problems, as many long-time residents of San Francisco have found themselves on the losing side of gentrification. Affordability remains a concern for San Francisco residents and the stringent rent-control regulations remain bothersome for developers looking for short-term value-add investments. San Francisco should see 10,000 new units delivered before the end of 2015. The strong demand side fundamentals of the local economy should absorb the new supply easily. Among the notable projects, approvals are now in place for Parkmerced in the Outer Sunset. The first phase includes more than 1,500 units and will eventually rise to nearly 9,000 apartments. Lennar’s Hunters Point Shipyard-Candlestick Point redevelopment, which will produce 478 affordable and 755 market-rate units, is also underway, with the first affordable units expected in 2016.

To read more on San Francisco and other top multifamily markets, download the full version of the 2015 Multifamily Market Update report here.

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It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisors with more than 180 locations in 200 markets.

San Diego, CA | 2015 Top #CRE Markets to Watch: Multifamily

Sperry Van Ness International Corporation’s (SVNIC) 2015 Market Update Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2015. Today we are delving into the 2015 Top Multifamily Markets to Watch. Not the largest or the most actively contested markets, the 2015 Multifamily Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Multifamily Market to Watch: San Diego, CA

San Diego: 2015 Multifamily Markets to WatchSan Diego’s diverse economic base has been essential to its recovery from the Great Recession and the prevailing strength of the apartment sector. Recent investments in infrastructure, including the expansion of both the San Diego International Airport and San Ysidro Land Port of Call border crossing, have helped bolster the economy with construction jobs, while also laying the groundwork for permanent employment gains in San Diego’s manufacturing, shipping and logistics, and tourism sectors. San Diego has a very large military and defense contractor presence, but it has also seen an uptick in biotechnology investment, including the completion of J. Craig Venter Institute’s net-zero-energy, LEED Platinum genomics laboratory in La Jolla in February 2014. The ambitious I.D.E.A. (Innovation, Design, Education, and Arts) District is aimed at transforming the East Village area of downtown San Diego into a hip “24-hour” neighborhood, with ample space for technology startups, restaurants, and housing options that will appeal to younger renter households.

The market’s overall fundamentals remain strong even as new supply comes online. Freddie Mac projects 2015 vacancy rates of just 2.8% and year-over-year rent growth of 4.1%. The average cap rate has fallen below 5% for recent transactions and refinancing, but investors looking for small- and mid-cap value-add opportunities at marginally higher cap rates than to the north in Los Angeles and Orange County may find that forays into San Diego bear fruit.

To read more on San Diego and other top multifamily markets, download the full version of the 2015 Multifamily Market Update report.

multifamily_thumbnail

It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisors with more than 180 locations in 200 markets.

Oakland, CA | 2015 Top #CRE Markets to Watch: Multifamily

Sperry Van Ness International Corporation’s (SVNIC) 2015 Market Update Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2015. Today we are delving into the 2015 Top Multifamily Markets to Watch. Not the largest or the most actively contested markets, the 2015 Multifamily Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Multifamily Market to Watch: Oakland, CA

Oakland: 2015 Multifamily Markets to WatchThe rapid gentrification of some of San Francisco’s most iconic and hitherto relatively affordable neighborhoods has forced many recently priced-out residents to look eastward across the Bay to Oakland. They are not alone, but instead have been joined by some investors who are skeptical of San Francisco’s record low cap rates.

By late 2014, surging demand for apartments pushed rent growth in Oakland to nearly 7.0%, according to Chandan Economics’ tracking of mortgage-financed properties. Supporting continued increases, Freddie Mac projects Oakland’s multifamily vacancy rate will hover just above 3.0% in 2015, barely higher than San Francisco. Developers are working to meet demand. The Temescal/Telegraph neighborhood is seeing a flurry of development activity as investors bet that this area can compete with Berkeley’s Gourmet Ghetto and attract young renters. Deliveries will peak in 2016, relieving some of the upward pressure on rents.

Relocations from San Francisco are not the only drivers of multifamily performance in Oakland. The local economy is strong, supporting local demand that is independent of the Bay Area’s market interplay. The employment picture in the Oakland area has brightened considerably: the unemployment rate peaked at 16.5% in 2009, above the state-wide number, but has since declined to 5.9%, below California’s current 6.5% rate.

To read more on Oakland and other top multifamily markets, download the full version of the 2015 Multifamily Market Update.

multifamily_thumbnail

It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisors with more than 180 locations in 200 markets.

Silicon Valley, CA | 2015 Top #CRE Markets to Watch: Office

Sperry Van Ness International Corporation’s (SVNIC) 2015 Market Update Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2015. Today we are delving into the 2015 Top Office Markets to Watch. Not the largest or the most actively contested markets, the 2015 Office Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Office Market to Watch: Silicon Valley, CA

Silicon Valley: 2015 Office Markets to WatchWith one of the fastest growing office-use job markets in the country, it is no wonder that San José and the surrounding area boast rent growth rivaling the most highly sought-after neighborhoods in Manhattan and San Francisco. Underpinning that momentum, the continued expansion of established tech firms and heady space demand from newly funded startups has pushed effective rents in prime areas like Palo Alto and Mountain View to levels approaching – and in some cases surpassing – their dot-com highs. Setting the pace, Silicon Valley investors spent much of 2014 watching Google’s leasing and buying spree. Among the highlights, the tech giant’s moves across the Peninsula included purchases of 6 office buildings comprising almost one million square feet and the leasing of Moffett Airfield from NASA.

Development is picking up as the market tightens further and corporate campus moves take large blocks of space off the market. The slate of corporate real estate projects is headlined by Apple’s Campus 2, which is expected to open in 2016. The tally of projects in the surrounding area reached nearly 5 million square feet by the end of 2014. With pre-leasing levels dropping, developers are betting the tech boom still has legs. Those optimistic assessments are well reflected in aggressive property pricing; cap rates averaging 5.8% in 2014 are on par with the largest and most actively traded gateway markets.

To read more on Silicon Valley and other top office markets, download the full version of the 2015 Office Market Update report here.

2015 Office Market Outlook

It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisors with more than 180 locations in 200 markets.

Oakland, CA | 2015 Top #CRE Markets to Watch: Office

Sperry Van Ness International Corporation’s (SVNIC) 2015 Market Update Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2015. Today we are delving into the 2015 Top Office Markets to Watch. Not the largest or the most actively contested markets, the 2015 Office Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

Top Office Market to Watch: Oakland, CA

Oakland: 2015 Office Markets to WatchMimicking the dynamics of the Bay Area’s residential markets, Oakland is well-positioned to welcome tenants fleeing from the relentless expansion of tech companies as they further saturate San Francisco’s office landscape. Spillovers from San Francisco to Oakland are not new – they have been a feature of the market ever since the first tech companies decided to move up from Silicon Valley to the urban core of the city – but higher rents and limited space opposite the Bay Bridge have increased Oakland’s appeal. Outside of a few homegrown tech companies like Pandora and Ask.com, and a stream of freshly incubated tech startups, Oakland has yet to land its first big San Francisco tech migrant (as of early 2015). Brokers are reporting that several tech companies have been “kicking the tires” at the Sears Building, which is currently undergoing renovations to transform the former department store into tech-friendly office space. Other tenants, like chocolatier TCHO, advertising agency EVB, and several law firms, have taken advantage of the disparity in rental rates and taken the short BART ride over to Oakland.

For small- and mid-cap investors willing to accept lower liquidity than in San Francisco, Oakland’s higher cap rates and favorable prospects may offer compelling buying opportunities over the next year. Fundamentals are pointing in the right direction as investors keep their fingers crossed for a flurry of activity should big tech companies put their stamp of approval on the East Bay.

To read more on Oakland and other top office markets, download the full version of the 2015 Office Market Update report here.

2015 Office Market Outlook

It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisors with more than 180 locations in 200 markets.

Sacramento, CA | 2014 Top CRE Markets to Watch : Office

Sperry Van Ness International Corporation’s (SVNIC) 2014 Top Markets to Watch Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2014. Today we are delving into the 2014 Top Office Markets to Watch. Not the largest, or the most actively contested markets, the 2014 Office Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

TOP OFFICE MARKET TO WATCH : Sacramento, California

bridge-67773_1280The economic recovery in California’s capital city has lagged those in Los Angeles, Phoenix and other markets that it has followed more closely in the past. The jobless rate ended 2013 at 8 percent, better than the statewide rate of 8.3 percent, but Sacramento hasn’t yet recovered the number of jobs it lost in the last recession. An office vacancy rate in the middle teens has been falling slowly and began 2014 down about 300 basis points from its peak in 2011. Mildly positive absorption over the past two years contributed to a bottoming out in rental rates in 2013 and the beginnings of a turnaround in rent levels in early 2014. Developers have shown restraint in adding new supply, and fundamentals should improve incrementally this year. While its slow job growth elevates risk, Sacramento offers investment opportunities at higher cap rates than are available in many California markets experiencing a more rapid recovery.

To read more on Sacramento, and other top office markets, download the full version of the Top Office Markets to Watch report below.

It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisers with more than 180 locations in 200 markets.

Download the Top Trends and Markets to Watch Reports

Chandon-Office-CoverOffice Trends and Markets to Watch
Industrial Trends and Markets to Watch
Retail Trends and Markets to Watch
Apartment Trends and Markets to Watch
Commercial Real Estate Trends to Watch

Inland Empire, CA | 2014 Top CRE Markets to Watch : Industrial

Sperry Van Ness International Corporation’s (SVNIC) 2014 Top Markets to Watch Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2014. Today we are delving into the 2014 Top Industrial Markets to Watch.  Not the largest, or the most actively contested markets, the 2014 Industrial Markets to Watch are each at an important juncture that presents unique opportunities for investment. Together, they reflect the diversity of trends that is driving the economy and commercial real estate performance in markets across the country.

TOP INDUSTRIAL MARKET TO WATCH : Inland Empire, California

Inland EmpireDemand is mushrooming in this vital industrial market. Companies absorbed nearly 15 million square feet of space in 2013, almost double the roughly 8 million square feet of absorption in 2012. Construction introduced almost 6 million square feet of new supply in the past year, and another 16 million square feet are nearing completion in 2014. Users have already committed to more than a third of the buildings currently under construction. The Inland Empire’s vacancy rate of a little more than 4 percent, although tight, offers greater flexibility and lower average lease rates than users can find closer to the ports of Los Angeles and Long Beach. Developers are depending on those competitive advantages to help lease the tremendous volume of new space in the works. As new projects come online, however, the average lease rate of will increase, narrowing the rent rate differential that has helped to offset the added cost of transporting shipped goods between the ports and distribution centers in the Inland Empire.

To read more on Inland Empire, and other top industrial markets, download the full version of the Top Industrial Markets to Watch report below. 

It’s a different world out there.

It requires a different kind of commercial real estate firm working on your behalf in order to be successful. The Lipsey Company has ranked the Sperry Van Ness® organization as one of the most recognized commercial real estate brands in the US for a reason—we know how to deliver a certainty of execution for our clients. Sperry Van Ness International Corporation is one of the largest commercial real estate franchisers with more than 180 locations in 200 markets.

Download the Top Trends and Markets to Watch Reports

Chandan-Industrial-Cover

Industrial Trends and Markets to Watch

Retail Trends and Markets to Watch

Commerical Real Estate Trends and Markets to Watch

Apartment Trends and Markets to Watch

Office Trends and Markets to Watch

 

 

 

New Franchise Focus: Sperry Van Ness/MG Property Advisors in San Rafael, CA.

Gary Gustafson, Managing Director
Gary Gustafson, Managing Director, Sperry Van Ness/MG Property Advisors, Inc.

Sperry Van Ness/MG Property Advisors, Inc. in San Rafael, California is the newest franchisee of the Sperry Van Ness  International Corporation. Led by Managing Director Gary Gustafson and Senior Advisor Martin Perlmutter, SVN/MG Property Advisors will focus on a strong national net leased property sales program, as well as local office and industrial sales in California’s North Bay, just north of San Francisco.

Gustafson and Perlmutter have assembled a team of top advisors with a shared background in closing large deals, including the recent sale of $15 million in net leased properties. The staff at SVN/MG Property Advisors is now looking to SVNIC’s innovative technology platform and transparency in listings to become a recognized leader in the area’s highly-competitive brokerage industry.

“For many years, I’ve admired the Sperry Van Ness® philosophy that a transparent commercial real estate market is better for both brokers and clients,” said Gustafson. “That mission, combined with marketing tools that make the sales job more efficient and productive, made joining SVNIC the easiest and best choice.”

To learn more about becoming an SVNIC business owner, click here.

*All Sperry Van Ness Offices are independently owned and operated.