California's Real Estate Market's Just Getting Started. Here's Why.
A newly published Commercial Real Estate Survey and Index has been published with the goal of better predicting future California commercial rental rates and vacancy rates.
Senior economist with the UCLA Anderson Forecast Jerry Nickelsburg says continued optimism is supported by job and income growth and a lack of sufficient building supply. While the outlook remains positive through 2018 with no weakening in occupancy rates, he does caution, however, that some panelists are concerned about the next stage of the commercial real estate building cycle.
Overall, available financing, low cap rates, an increasingly high demand from tech, advertising, media and information companies, and a shortage of multifamily housing have helped sparked the industry boom.
View the full reports and videos here: Allen Matkins and UCLA Anderson Forecast
Originally published in Bisnow's August 18, 2015 e-blast.