LOS ANGELES-Manufacturing growth in Orange County is giving industrial developers optimism in the sector in that area. The increase in that industry is causing builders to look at new developments said Jerry Nickelsburg, senior economist of the Allen Matkins/UCLA Anderson Forecast.
The forecast also looked at industrial regions in Los Angeles, the Inland Empire and regions of the Bay Area. The bad news while manufacturing is picking up space, warehousing is still “in the doldrums,” Nickelsburg said.
Los Angeles developers also hopeful in that market turning around due to its manufacturing, as they are in San Francisco and the Silicon Valley. The Inland Empire’s warehouse-heavy industry is still struggling.
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.
