Continued Optimism Among California Developers

"The 2016 Winter/Spring Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey signals continued confidence among developers through 2018–indicating both the probability of new supply and of opportunities for new investment. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors."

The Survey, taken by California's commercial real estate industry leaders in December 2015, indicates a favorable commercial construction outlook. “The favorable outlook is supported by job and income growth on the demand side and a lack of sufficient building on the supply side.” The results of the surveyed panelists signal a continuation of the growth of non-residential construction at or above previous peak levels.

Survey higlights include:

  • Office Development Sentiment Positive with Southern California in Spotlight

  • Ecommerce Has Unlikely Impact on Retail Development

  • Multi-family Construction to Hit 25-year High

  • Industrial Sector Grounded by Strong Fundamentals

View the full survey here: http://www.allenmatkins.com/ucla

Published on January 27, 2016

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