LOS ANGELES-The local commercial real estate market here was one of the bright spots in the Allen Matkins/UCLA Anderson Forecast. About one-third of the respondents surveyed in the report said they have development plans in the Los Angeles area.
One of the areas driving the optimism about Los Angeles is the growth in technology industry, especially in Burbank and Pasadena.
San Diego isn't just growing faster than most of the state, but faster than most of the entire country. That is going to lead to new office construction over the next few years in that city, says the forecast.
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