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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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Commercial Real Estate Facing 1-in-4 Offices Vacant\

December 6th, 2009 • Related • Filed Under

It seems commercial real estate in Orange County may not have seen their worst year yet. jllA new forecast has come out saying that in 2010 more commercial buildings will be foreclosed and re-sold for as much as 50% off.

It is expected that 1-in-4 offices in Orange County will be empty in 2010. Currently the vacancy rate is just under 20% but there is a large chunk of offices that are vacant but have not been released into the market yet. As much as 4.5 million square feet – or the equivalent of 16 to 18 high rises – will come back on the market in 2010.

Due to the increased number of vacancies many business are upgrading their leasing space so sales activity should stay stable if not increase. The high number of foreclosures has made Orange County a focus of investors interested in distressed assets at lower prices.

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