Why the SoCal Office Market Is Poised for a Swift Recovery

The Southern California office market is well positioned for a swift recovery. The market has continued to see strong demand from investors looking to gain entry into the market, and while activity declined last year, the market outperformed the nation and other major metros.

“We do have some headwinds, including housing costs, high taxes and long commute times; however, Southern California has a resilient economy with a diversity of industries to counter balance those that are in recession,” Michael P. Zietsman, principal at ZPG, tells GlobeSt.com. “Social media, gaming and technology companies continue to expand their office space in L.A. and will help this economy recover faster than other major markets.”