commercial loan news

June 29, 2007

UCLA Economic Survey: Los Angeles Office Space Strong

SOURCE: UCLA Anderson Forecast

The "Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey" polled a panel of California real estate professionals in the office space and investment market; their conclusion was rental rates for office space in Los Angeles will continue to increase and vacancy rates will continue to decline. This healthy commercial real estate market is projected to exist for the next four years.

The survey was a major focus of the June 2007 Economic Outlook Conference held at UCLA on June 19th. The event was subtitled: "Tip of the Iceberg or No Need to Panic? What to Expect From Residential and Commercial Real Estate".

Future surveys by UCLA Anderson Forecast will focus on industrial and retail markets in California.

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