Excerpt from article: Despite higher interest rates and slower economic growth, confidence on the part of developers indicates a positive outlook for commercial real estate growth through 2018, according to a survey released Tuesday by UCLA economists.
- The favorable outlook is supported by job and income growth on the demand side and a lack of sufficient building on the supply side
- Sentiment in the office space market remains highest in Southern California, likely due to the increased rate of job growth in the region and a tightening of office space supply, it said
- Looking ahead, 42 percent of those surveyed in Southern California indicated that they would start one or more projects within the next 12 months
Citation and link: Jennewein, Chris. “Strong Outlook Seen for California Real Estate Through 2018.” Times of San Diego. 28 Jan. 2016. Web. 10 Apr. 2016. http://timesofsandiego.com/business/2016/01/28/strong-outlook-seen-for-california-commercial-real-estate-through-2018/
Picture Citation and Link: : Haywood, Brent. “Brent Haywood Photography Blog.” Brent Haywood Photography. 5 Dec. 2013. Web. 10 Apr. 2016 http://brenthaywoodphotoblog.com/san-diego-real-estate-photography-photographer/real-estate-listing-photographed-for-richard-combs