February 5, 2020
There is a difference between bullish and optimistic and, according to the Winter 2020 Allen Matkins/UCLA Anderson California Forecast, those labels fit one and two-of-three of the four surveyed market sectors, respectively.
The forecast, an educated peek at 2022 market conditions, predicts a slowing economy in 2020, however developers’ views on California commercial real estate are optimistic in general and bullish on industrial.
Overall, survey panelists for each asset category, with the exception of retail, predict that 2022 will be good as or better than 2019, after a lull in 2020/2021.
Respondents are bullish in general about industrial and optimistic on multi-family projects from the strength of fundamentals, while office market sentiments are more neutral but anticipate growing forward from 2022.
However, realism has set in for the outlook on retail space, with respondents anticipating a resumed downward spiral for new development and traditional formats in this category.
Connect Los Angeles 2020 is coming up on March 26. It will bring together leading local, regional, and national developers, investors, owners, brokers, financiers and other major players for an afternoon of informative panel discussions, plus networking and cocktails. For more information, or to register, click here.
For comments, questions or concerns, please contact Chris Egger