Jim Spain, the managing director of Colliers International's San Diego region, oversees 78 broker professionals in the downtown San Diego, Carlsbad, UTC and Temecula markets who combined had nearly $600 million in sales and leasing volume last year.
The brokers, who manage more than 4.1 million square feet, are involved in office, retail, industrial, hospitality, apartment and land transactions. The firm also has a Private Capital Investment (PCA) division, Life Sciences Real Estate Group, a health care services entity, a food facilities entity as well as its real estate management.
With regards to his overall economic outlook, Spain said he tends to be much more optimistic than those who would say it isn't safe to bet on the San Diego office or industrial market until 2012.
"I'm not as pessimistic," Spain said. "I'm not saying the market will be recovered, but I believe we will be heading in the right direction later next year."
Spain said he has already noticed improved sales and leasing activity compared to a few months ago, when it seemed that everything was dead.
If he has a major concern, Spain said it has to do with how long it might take to flush troubled commercial and industrial assets through the system.
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