Leasing

Los Angeles is at nearly full employment, and while that is great news for the local economy, it has hampered leasing activity this year in the office sector.

“Hudson County is among the hottest development markets, especially for multifamily properties, in the Tri-State Area,” says Kislak's Scott Davidovic.

“Silver Spring Square fits perfectly into our acquisition platform targeting dominant grocer-anchored centers throughout the East Coast,” says The Wilder Companies' Shelley Anderson.

If businesses don't have to be located in the immediate Bay Area, the Central Valley is an excellent alternative for industrial space, NKF director Shawn Klein says in this <b>EXCLUSIVE</b>.

Los Angeles has the lowest industrial vacancy rate in Southern California at 2.2% and Ventura County is a close second.

The firm expects the rising economy will help housing demand outpace housing supply for the next several years.

High-income households are putting off home purchases, opening the way for more luxury units.

The law firm brings the SL Green property to 31% leased.