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'War on Terrorism' to Boost SoCal Market

LOS ANGELES-A new report by Transwestern's Delta Associates research affiliate says a big boost in defense and technology spending will generate more demand for office space.

By David W. Myers | Updated on November 01, 2001

LOS ANGELES-Southern California’s office market may wind up getting a boost from the September terrorist attacks on the East Coast, a new study says, as future growth in the region’s all-important defense and technology sectors offsets trouble in the airline industry and other businesses that don’t play such a major role in the marketplace.

An advance copy of the report, which is expected to be released to the rest of the media next week, was provided to GlobeSt.com by Delta Associates Inc. Delta is the research affiliate of Chicago-based property giant Transwestern Commercial Services.

“We expect modest, positive impact on the LA/Orange County office market from the ‘war on terrorism,’” the Delta report says. “These impacts are likely to come from increased defense, security and technology spending by the public and private sectors.”

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