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