Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey Results
Announcement and Press Release
2.07.24
The Winter 2024 Allen Matkins/UCLA Anderson Commercial Real Estate Forecast (“The Winter 2024 Forecast” or “the Forecast”) reveals that nearly a quarter (21%) of California real estate owners and operators plan to redevelop existing office space over the next three years for alternative purposes across multifamily, industrial and retail. The findings underscore the industry’s growing lack of conviction in the sector as high interest rates, declining valuations and ongoing remote work continue to impact office buildings across the nation.
Read Analysis of the Survey Results From Industry Leaders
New Office Development Still Awaiting Recovery
Matt Field, Co-Chief Executive Officer, TMG Partners
Crystal Lofing, Partner, Allen Matkins
Resurgence in Retail Market Creates New Opportunities
Derek "Deke" K. Hunter, Jr., President, Hunter Properties, Inc.Jonathan Lorenzen, Partner, Allen Matkins
Industrial Sector Paints a Mixed Outlook in 2024 and Beyond
Christopher Rising, Co-Founder & CEO, Rising Realty Partners
Drew Emmel, Partner, Allen Matkins
2024: A Year of Flux for Multifamily Development
Jordan K. Lang, President, McCourt Partners
Jennifer Jeffers, Senior Counsel, Allen Matkins
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