Check out the top trends impacting the #CRE industry in our new 2020 Forecast
January 15, 2020In Orange County, competition between office building owners is increasing as they renovate to attract quality tenants and position their properties to remain relevant to investors. Retail is shifting further beyond experiential and services; transcending to more lifestyle-focused gathering hubs and merging with concepts of live-work-play models.
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.