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LOS ANGELES-Commercial real estate in California is doing well, but there is cautious optimism for the development future of the office sector, according to the Allen Matkins/UCLA Forecast for Winter/Spring 2013.
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LOS ANGELES-California's commercial real estate market continues to improve. Once again we bring you the Allen Matkins/UCLA Anderson Forecast that surveys industry experts (and GlobeSt.com readers) on how they see development shaping up in years to come.
According to the survey, all major office markets in the state are tightening. Silicon Valley and San Francisco continue to lead the way, but markets in the southern part of the state are seen improving as well.
The report also focuses on the industrial and multifamily sectors of the industry in the state. Developer sentiment in these areas is favorable as well.
Click below to view the full report.