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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
