2014 South Bay Region Activity, Market Outlook

LOS ANGELES-As a seasoned commercial real estate broker in the South Bay market, I have been a witness and participant in the region’s downturns and recoveries. With the recent economic fiasco now in recovery stage, overall the South Bay market has proven to be very resilient, and has remained fairly unscathed as compared to other neighboring areas and previous real estate busts over the last few decades.

In broad terms, the market conditions for office, medical and retail leasing and sales continue to improve in most segments while others stay fairly stagnant in pricing and vacancy numbers. The brightest spot is the retail sector, showing surprising consistency in both price structure and low vacancy across the board at about 4.2%.