(Save the date: RealShareApartments comes to the Westin Bonaventure, LosAngeles, October 24.)

LOS ANGELES-Some office markets are already inthe mature stage of recovery, while others are starting to heat upand may be at the beginning or middle of their recovery,Tony Natsis, chairman of the real estate practiceat law firm Allen Matkins' Century City, CA,office, tells GlobeSt.com. The recently released AllenMatkins/UCLA Anderson California Commercial Real EstateSurvey points to recovery in key markets, but each marketis at a different point in the recovery cycle, Natsis explains.“The first market to recover has been South of Market in SanFrancisco,” Natsis says. “This market is pretty much at its maturestage now, mostly because there's not a lot more to buy and pricingis so high. The recovery is waning because there's not a lot ofsupply on the investment-sale side.”

Lack of supply has been the case in San Francisco for about thepast two years. As GlobeSt.com reported inMay, high-tech demand is intense and tenants have beensnapping up creatively configured office environments in SanFrancisco, and there are very few large blocks of space availableto accommodate additional growth, according to ColinYasukochi, northwest director of research forJones Lang LaSalle. “With rents rising, we are nowat the point where new construction—for those with access tocapital to build—is coming to the drawing board,” Yasukochi said atthe time.