California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Californians Have a Palpable Urge to Get Back to Normal
The Summer 2021 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey polled a panel of California real estate professionals to project a three-year outlook for the state’s commercial real estate industry. The report forecasts potential opportunities and challenges affecting the office, multifamily, retail and industrial sectors.
One thing is for certain: Californians have a palpable urge to return to normal. Specifically, survey respondent expectations for the next three years are decidedly less pessimistic than in the last survey.
Although both office and retail development plans have been cut back, panelists predict that the current pessimistic cycles for both sectors have hit the bottom and those markets will soon rebound due to increasing demand. Meanwhile, multifamily housing and industrial space remain in growth mode.
- ◦Development
