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High-tax urban locations may lose residents to the suburbs in some parts of the country, write Reis' Victor Calanog and Barbara Byrne Denham in a new white paper.
Despite general pricing inflation lately, "the markets do not appear to be suffering from the irrational exuberance that has characterized the end of other expansions,” Transwestern's McNearney says.
With the low vacancy rate and little developable land in Los Angeles, developers are heading to north valley markets to bring more industrial supply to the market.
Even as retail is tied with industrial for the best value, Situs RERC's Kenn Riggs says that “pricing for high-quality retail is holding up although the market is quiet on the transaction side."