Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Summer/Fall 2011 Survey

The Allen Matkins/UCLA Anderston Forecast of California Commercial Real estate for Summer/Fall 2011 sees optimism for the next three years. Currently, the most positive office markets are in the San Francisco Bay Area and in Los Angeles. The Forecast predicts development 3 years out.
Key points:
- California's growth is faster than the country's
- Exports are improving
- More properties are changing hands
- Rental rates are being driven up
- Hospitality sectors are growing due to the weak dollar
- It is still hard to build due to high commodity prices and tight lending.
- Each year of the next 3 years is predicted to be better than the previous year

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Education

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• ucla
• survey
• results