The report's findings represent good news for commercial realestate investors across the Golden State and particularly thosewith LA-area projects. Though the national economy appears to beslowing, the state EDD figures indicate that California's economycontinues to boom—meaning retail sales should stay strong andowners of office or industrial projects shouldn't have much troublekeeping their tenants in the months ahead.
The state's rising employment rate should also help commercialinvestors find new tenants faster and perhaps institute a new roundof rent hikes, analysts tell GlobeSt.com.
So far this year, the new report says, California's job gainsare averaging 39,900 a month. That's more than 25% above lastyear's level.
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