LOS ANGELES-The California commercial real estate industry is only getting brighter. That was the message of the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey for the fall and summer of this year, which views the market three years out.
Part of the reason this is happening in state, says Jerry Nickelsburg, senior economist for the UCLA Anderson Forecast, is because despite its unemployment and state-government problems, the state is growing faster than the rest of the country.
The survey polled real estate professionals across the state and found increased optimism in development opportunities for 2013 and 2014. Additionally, higher rents and lower vacancies are expected to increase asset values.
Featured as part of the above video are:
- Allen Matkins attorney Tony Natsis talking about the strength of Northern California leasing.
- Allen Matkins attorney John Tipton on increased investment activity.
- The strong impact of tourism on the leisure and hospitality sectors.
GlobeSt.com received exclusive access to the above videos and others that will appear on the site over the next couple of days that summarize the survey. Click here to view the full Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey.
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