[co-author: Barbara Perrier]
In the June 2020 Survey, industrial space sentiment dropped slightly but was logical, given that the state was in the midst of a pandemic. However, vacancy rates have remained extremely low across all regions surveyed in our latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and sentiment about the coming three years has come roaring back to levels of optimism that have not been seen for many years.
Industrial market industry leaders, Barbara Perrier of CBRE and Dana Palmer of Allen Matkins, discuss what lies ahead for this sector of the California commercial real estate market.
Thursday, February 18, 2021
In the June 2020 Survey, industrial space sentiment dropped slightly but was logical, given that the state was in the midst of a pandemic. However, vacancy rates have remained extremely low across all regions surveyed in our latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and sentiment about the coming three years has come roaring back to levels of optimism that have not been seen for many years.
Industrial market industry leaders, Barbara Perrier of CBRE and Dana Palmer of Allen Matkins, discuss what lies ahead for this sector of the California commercial real estate market.
Thursday, February 11, 2021
During the previous economic expansion, retail faced an uphill battle. The current recession tripled down on that struggle. The current pessimistic view among panelists in the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey is that retail properties will be generating significantly lower, if any, returns in 2023 compared to the end of 2020. Overall, the level of new retail property construction is expected to significantly decline from 2020 through 2023; and some existing space, lacking sufficient demand, will be converted to other uses.
Retail market industry leaders, El Warner of Colliers and Jonathan Lorenzen of Allen Matkins, discuss what lies ahead for this sector of the California commercial real estate market.
Unusual Economic Recession Shows Mixed CRE Outlook through 2023, Says Allen Matkins/UCLA Anderson Forecast California CRE Survey
Industrial space remains strong, multi-family housing is mixed, while pessimism continues for office and retail
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LOS ANGELES, Jan. 27, 2021 /PRNewswire/ The Winter 2021 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that the current pandemic-related economic recession is having a mixed effect on California commercial real estate sectors, as this particular downturn is not characterized by a slackening in housing markets or a stock market crash.
While office space markets are in a holding pattern and retail markets are on a downward trajectory, multi-family housing and industrial space instead remain in the growth portion of their business cycles.