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“The I-287 corridor office submarket is recognized as one of the most improved office submarkets in the state due to the tightening availability rate, inflation of rents and the ongoing repurposing of office buildings for alternative uses in Piscataway,” says Colliers' Jacklene Chesler.
There is a very limited inventory of institutional product in Los Angeles, but that hasn't stopped institutional capital from gaining a foothold in the market.
Value investing is a very difficult business because, when the stock market is richly valued, it's hard to find big discounts and these investors don't follow the herd on Wall Street and the institutional investor mentality.
A new report from Apartment List shows that most new people moving to the Los Angeles market are moving for the location first and finding a job when they arrive.