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Recovery Ahead For San Diego, Waning In SoMa

LOS ANGELES-Tony Natsis of Allen Matkins tells GlobeSt.com that certain western office markets are beyond the recovery phase, while others are on the verge of a comeback.

By Carrie Rossenfeld | Updated on July 11, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

LOS ANGELES-Some office markets are already in the mature stage of recovery, while others are starting to heat up and may be at the beginning or middle of their recovery, Tony Natsis, chairman of the real estate practice at law firm Allen Matkins‘ Century City, CA, office, tells GlobeSt.com. The recently released Allen Matkins/UCLA Anderson California Commercial Real Estate Survey points to recovery in key markets, but each market is at a different point in the recovery cycle, Natsis explains. “The first market to recover has been South of Market in San Francisco,” Natsis says. “This market is pretty much at its mature stage now, mostly because there’s not a lot more to buy and pricing is so high. The recovery is waning because there’s not a lot of supply on the investment-sale side.”

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