Increased Vacancy Rates Are Not Slowing Down Industrial Development

Summer 2023 Allen Matkins/UCLA Anderson Forecast California CRE Survey

8.02.23

While growth in the industrial sector is expected to normalize, the 2023 Summer Forecast shows the highest level of planned industrial development since the Great Recession in 2008 and 2009. According to the Forecast, 91% of Northern California panelists and 78% of Southern California panelists are planning new developments in the coming year.

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