With over 23 years of experience and sales in excess of $870 million, please contact one of the top commercial agents in the Bay Area and gain a competitive advantage in solving your real estate consulting and transnational needs.
Scott A. Kilpatrick
258 High Street
Palo Alto, CA 94301
Cell: +1 650 868 0738
With ownership in other investments, like stocks and bonds, you get a monthly statement showing current value. As you have experienced, that is not true with real estate.
In the last year, we have seen interest rate spreads climb from historical lows. Rates and spreads are still competitive and commercial lenders are working harder than ever for business. Buyers have been greatly impacted by these higher bank spreads. For each 1/2 of one percent that rate spreads go up, the income on your property has to increase by $100 per month, per unit. With rents in Santa Clara County up approx 10% in 2008 and rising, some owners have been able to narrow the gap, but most of these additional costs, to date, have been assumed by the buyer. Buyers are beginning to resist these increases and are asking sellers to participate. However, with little inventory currently on the market, and demand remaining strong, sellers should remain in the driver's seats for the next 90-120 days. We do anticipate that values will begin to soften as interest rates continue to rise faster than income.
Bay Area investment real estate will always have a high demand, so whether you are considering a transaction now or in the future, I want to provide you the most up-to-date and accurate information on your investments, so that you can make the best decisions possible. If you have any questions, please contact Scott A. Kilpatrick.
Newmark was founded on the principle of creating value for sellers based on market knowledge, access to the largest pool of bay area qualified investors and exchange buyers, and agents committed to creating the broadest possible exposure for every property. Newmark currently has more apartment agents working in San Mateo and Santa Clara counties than any other local or national company. Newmark has represented approx 50% of all apartment transactions between 5 – 40 units in both counties. With local expertise and the ability to transact nationally, Newmark is the perfect platform to assist both buyers and sellers in achieving their short and long term goals.
Newmark’s Investment Division consist of three specialized investment groups: Leased Investment Group, Investment Services Group & Multi-Family Group. These groups collaborate to offer a dynamic, productive and proven platform for the purchase or sale of investment properties. They work together with one goal in mind: maximizing value for its clients through unsurpassed expertise, commitment and client service.
Net Leased Group (NNN 1031)
Newmark Northern California utilizes state-of-the-art information systems to monitor over 900 million square feet of commercial real estate. This information is gathered by 14 dedicated Newmark research staff, not 3rd party data services. We constantly update our databases, all of which are scrubbed and verified by in-market brokers from among our 325 professionals in 15 offices throughout the region. Benefit from our depth of market intelligence and build on the power of our research network. Click here to visit our Research Reports. You can also view the following reports:
2016 Q4 Bay Area Report ; 2016 Q4 Bay Area Pipeline Report ; 2016 Q4 National Apartment Report
Investors have come to rely on Newmark’s for access to the nation's highest-quality inventory of investment properties. Our inventory is one of the largest selections of investment options, supported by a high standard of pricing and underwriting. If you are considering purchasing investment property and would like to be contacted by Scott A. Kilpatrick, please Click Here. To review Newmark’s current inventory of investment properties, search our http://listings.arausa.com