February 7th, 2010, 2:49 pm · 6 Comments · posted by Jon Lansner
The latest Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey of big landlords ad property owners shows a burgeoning optimism that a revival is somewhat near for much of Southern California. Well, the caveat being — eh, Orange County. Jerry Nickelsburg, UCLA senior economist, says of the region in a press release: “As the recovery from this deep recession takes hold, investors in commercial real estate are increasingly of the view that 2012 is going to represent an improvement over today.â€
Yet the report says of Orange County:
“For some time we have been saying that the Orange County office market is a 2013 or 2014 recovery. The loss of finance and real estate jobs created a huge hole in demand which is not easily filled. Our panel is also more optimistic about Orange County than they were six months ago, but the optimism seems to be based more on the transfer of buildings to new owners at lower capital costs and on the decline of rents to levels which are sustainable in today’s market. In other words, the panel expects markets to equilibrate and market conditions to improve, but not to the extent of Los Angeles or San Diego. So, opportunities are going to exist in this very tough market, but not in the creation of new floor space for lease.â€
Lansner on Real Estate’s most-popular post in January …
- $19.8 million sale a Newport Coast record
- OC Housewife lynne avoids eviction
- OC Housewife lynne to bankruptcy court?
- Irvine Co.: 400 buyers lined up for new project
- Laguna home fetches OC’s 4th-highest sale
- OC rents fall 6.7% to mid-2006 level
- Hear why home prices won’t surge
- 2-in-3 landlords cutting rent
- Irvine home tops most-viewed list
- Home sales, prices seen falling in 2011
- “Million Dollar Listing†slashed
- Really? New San Diego resort shuts
Posted in: Commercial property • Outlooks • industry • UCLA Thousand Oaks Real Estate| Auto Repair Simi Valley | Solar Panels | 401K Retirement | H2S Scavenger | Website Enhancement | Enlightenment | Bat Removal Michigan | Ventura Criminal Defense Attorney | Green The World | Las Vegas Hotel Travel Information Los Angeles Electricians | Woodland Hills Criminal Defense Attorney | Everett Divorce Attorney | Los Angeles DUI Attorney | Personal Injury Attorney | Malibu Windows and Doors | Newport Beach Windows and Doors |