Search
 

Market Forecast Eyes Strong First Half

SAN DIEGO-A newly minted 2006 forecast predicts active investor demand for the local real estate market during the first half of the year. However, economic imbalances could slow growth during the second half.

By Amanda Paxson | Updated on January 04, 2006

SAN DIEGO-The county’s real estate industry will likely see steady gains in the year ahead, according to a report released by Grubb & Ellis. Job growth, boosted retail and office markets, and overall investment in the area is in the cards for San Diego, which is set to keep its title as one of the nation’s strongest commercial real estate markets.Robert Bach, national director of market analysis for Grubb & Ellis warns that “there are imbalances in the economy that could slow growth as early as the second half of 2006 or even bring the expansion cycle to an early conclusion.”Bach notes that the greatest risk to leasing recovery and expansion cycle is not in the office market itself, but in the broader economy, should rising inflation and interest rates, hinder expansion. Retrenchment in the housing market poses additional risk to the economy. George Gramm, director of market research for Grubb & Ellis

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.