On Real Estate

By Jason Hughes

Parking a major additional cost in office tenancy

Two months ago, this column discussed at some length the various operating expenses involved in leasing office space -- costs over and above the monthly per-square-foot lease rate. We referred to them as those "something extra" costs that are in addition to the so-called "full service" leases tenants are asked to sign.

Owning one's own office: Is this the American dream?

Few would dispute the notion that owning one's own home is a major part of the American dream. The freedom, sense of security and investment advantages accompanying home ownership are too numerous and compelling to dispel.

Office space: A tale of two cities

As if we don't hear enough these days about shortages in gasoline, energy, water, clean air, city revenues and the like, we're now being told by office landlords and their broker shills that vacant office space in San Diego is shrinking faster than a speeding bullet -- to use a well-worn phrase from the latest Superman epic. Some "experts" are suggesting that San Diego is in mortal danger of running out of developable land which, together with the so-called dearth of existing office space, will surely ignite explosive increases in rents.

Operating expenses: Those 'something extra' costs

Six summers have come and gone since the power crisis of 2000 wreaked total havoc throughout the state as residential and business consumers struggled to survive through rolling blackouts and power bills that, in some cases, rose twofold in as many months.

'Greater fool theory' is alive and well here

Sooner or later, somebody needs to begin to apply basic economics to try to sober up San Diego's commercial real estate market, given the drunken rash of building sale transactions in our recent past.

Vacancies: Downtown's 25-ton gorilla

Two weeks ago, this column went to considerable lengths to expose the abundance of both vacant and "available" office space in several San Diego regional submarkets. Despite how landlords and their agents have attempted to concoct an office space crisis, there's no reason for tenants looking to lease office space to believe even for a nanosecond that they have little or no options in finding available space.

Office space vacancies -- the 'rest of the story'

Unless you're in the gasoline business, the customer is a -- if not the -- key player in the marketplace where goods and services are sold. Basic economics teaches that a healthy and vibrant market is one that offers robust competition and choices from which consumers can choose.

Chula Vista Chargers? A modest counter-proposal

A dream that came true 45 years ago for the city of San Diego could easily become a nightmare for America's Finest City if, in fact, the San Diego Chargers eventually move from the hometown they've occupied since 1961.

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Jason Hughes

Jason Hughes is president of Hughes Marino, the largest San Diego commercial real estate company specializing in tenant representation. He can be reached at ...

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