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.
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