JULY 21, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

California developers show signs of pessimistic concerns

by Andrea Waitrovich

California commercial real estate continues to strive, but hints of slowing economic growth are a possible concern, according to the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey. The biannual survey projects a three-year-ahead outlook for California’s commercial real estate industry and forecasts potential opportunities and challenges affecting office, multifamily, retail and industrial sectors.

For each of the six markets surveyed (San Francisco, the East Bay, Silicon Valley, Los Angeles, Orange County and San Diego), the trend in office developer sentiment has declined since its peak in 2014. This downward trend occurs as developers become more pessimistic about the growth of real rental rates and vacancy rates.

For the Southern California panels, sentiment has weakened slowly, with the survey indicating markets will remain the same three years from now. The interest in building new office space has held steady, and the

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy