Check out the top trends impacting the #CRE industry in our new 2020 Forecast
January 15, 2020The Los Angeles County office market continues to see product delivered across the county, particularly in newly desirable submarkets, as robust investment volume feeds into the development boom. Despite all the product delivering, vacancy continues to drop, prompting tenants looking for larger spaces in already hot submarkets to resort to preleasing.
The Southern California region is increasingly benefiting from tech investments, e-commerce demand, defense spending, tourism and media; while employment opportunities expand. Los Angeles investment demand and low vacancy is feeding a development boom. San Diego is improving its infrastructure and advancing as a Smart City. Orange County office renovations are increasing, and retail reinvention is reaching new heights. Inland Empire is experiencing a population boom driving a surge in multifamily development and retail demand.