California + Industrial | August 2, 2017

Scorching Industrial Markets Cool to “Hot”

The Summer/Fall 2017 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that broad segments of the overall CRE market will be slowing down in the coming years. The report notes though unemployment has dropped and income and spending are increasing, there is an ebbing of market optimism about the future from developers, which should lead to a slowing of development.

Sentiment about the next three years in industrial markets has abated somewhat, but only because this has been the hottest market, and building-gone-wild has prevailed throughout the state. E-commerce will continue to drive a hot market for warehouse space, just not quite as searing hot as before.

Allen Matkins’ John Tipton says, “In the Northern California industrial markets, after a really incredibly strong run, the conditions are softening. People are remaining very optimistic. You’ve just seen such a boom in the supply retailing through the industrial building chain, such as Amazon taking over world, that those markets have really remained very strong.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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