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Patricia Kirk

Reporter

Bisnow

HQ Phone:  (202) 293-0370

Direct Phone: (310) ***-****direct phone

Email: p***@***.com

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Bisnow

7 World Trade Ctr 46th Fl

New York City, New York, 10007

United States

Company Description

Bisnow Media is a publisher and events producer serving the commercial real estate communities in 23 cities across North America. Based in D.C., Bisnow hosts frequent morning events for local real estate communities, as well as national events in Hotel Investm...more

Find other employees at this company (353)

Web References(39 Total References)


STOS PARTNERS IN A JOINT VENTURE ACQUIRES SAN DIEGO PORTFOLIO - Stos Partners

Article source: Patricia Kirk, Bisnow.com


PRESS - Pacific Gate

by Patricia Kirk | Nov 17, 2016 | Bisnow


Bisnow Features Vintage Real Estate

By Patricia Kirk
(Photo: Patricia Kirk, Bisnow) "We look for malls with retail franchise potential that have been neglected, but can be improved with TLC," he says, noting public companies are selling off properties with sales under $300/SF.


Real Estate Articles - ACI Apartments

Patricia Kirk of BisNOW recently sat down with ACI's own Terry Moore to discuss the need for multifamily construction is San Diego wants to stay affordable.


Abodo Ranks San Diego 7th Nationally For Apartment Rent Growth - ACI Apartments

Patricia Kirk, publishing editor for the Southern California edition of Bisnow noted the significance of this change, since in recent years California cities like the bay area and LA have been overtaking rent growth in the state with no end in sight.
This trend it seems, is changing. Via Adobo Kirk spoke with Sam Radbil, an Abodo spokesperson, to get insight into why the most southwestern city in the United States was seeing such a definitive shift. Citing research done by a SD Economic Development Corp study, Kirk found that in the past 10 years, over 72,000 young adults have moved to San Diego. From there, six years demand has generally outpaced production of new units, due in part to renters not seeking home-ownership. Returning to her conversation with Radbil, Kirk suggests that "With low apartment inventory, some analysts have proposed that landlords are increasing rents because they feel pressured by rising demand. Kirk concludes by suggesting "the bulk of new renters nationally-about 4.3 million-over the past 10 years were in their 50s and 60s, with ages 70-plus also seeing a jump" This well exceeds the 1 million Millennials currently in the market, but this number will change. As more young adults seek independence and strike out on their own, Kirk maintains that they are likely to exceed 2 million by 2025. Even with 5,000 units under construction, and 10,000 currently in development, robust rent growth due to low vacancy will continue for the foreseeable future. This article was originally posted by Patricia Kirk of Bisnow and can be found HERE. abodo, baby boomers, Bisnow, Construction, local market, market trends, millennials, national rent growth, national trends, Patricia Kirk, population trends, rent growth, San Diego, vacancy rate


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