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Law360 (July 20, 2016) As California’s commercial real estate development market continues its boom, developers feel that the market for office and retail spaces might be topping out, according to the results of a survey released Wednesday. The state’s real estate markets are starting to feel the effects of slowing U.S. economic growth, according to the results from Allen Matkins Leck Gamble Mallory & Natsis LLP and UCLA Anderson School of Management biannual survey of commercial developers. “Commercial real estate fundamentals improve with increases in employment and income and a slowing of the growth of these is potentially of concern,” the report said. “The biannual survey projects a three-year-ahead outlook for California’s commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors.”
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