The office market seems to have rebounded, according to the Winter/Spring 2018 Office Survey from Allen Matkins and UCLA Anderson Forecast. The survey, which GlobeSt.com has obtain exclusively, shows a spike in optimism for the next three years and a more bullish attitude from investors—especially in the Northern California markets. We sat down with John Tipton, a partner at Allen Matkins, for an exclusive interview to talk about the shift in sentiment and what is driving it. Take a look below, and then watch the video with extra commentary from the experts involved in the survey.

GlobeSt.com: How has office sentiment changed since the last survey?

John Tipton: After the last survey, all of the markets except Los Angeles had either stayed negative, such as up north, or had gone negative, such as San Diego and Orange County. When you look at this survey, Los Angeles stayed positive, as it had all along, and Orange County and San Diego both bounced back to positive, pretty sharply. All of the Northern California markets became more optimistic, although in those cases they are reaching the 50-50 watershed separating optimism and pessimism.