John Tipton John Tipton is an operating partner at Allen Matkins.

Investment sentiment for California office product is soaring, according to the latest survey from Allen Matkins and the UCLA Anderson Forecast. While investors are becoming bullish on office product in all of the major submarkets, developers aren’t as bullish on new product in some markets. Overall, new construction this year will stay neutral, with activity healthier in some areas than others.

“In Northern California, more developers are staying on the sidelines when it comes to construction,” John Tipton, a partner at Allen Matkins, tells “In Los Angeles, however, developers have been more bullish.” This isn’t surprising considering that sentiment in Northern California only recently rebounded, driven largely by the new tax plan. In the last survey, taken six months ago, investment sentiment was down in Northern California. As demand increases, development could rebound as well. In Los Angeles, sentiment remained positive.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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