National Real Estate Set For Slowdown? Allen Matkins Partner Tony Natsis Shares Insight

Bisnow (July 22, 2016) Spec construction catering to midsized to large tech companies in markets such as Seattle, San Francisco, Silicon Valley, LA and New York shows no signs of slowdown in the office market despite perceptions to the contrary, says Allen Matkins partner Tony Natsis. We caught up with Tony after the release of the Allen Matkins/UCLA Economic Forecast to discuss some of the trends identified in the California forecast that have national implications in the office market. The forecast reflected a pessimistic outlook among developers for the next three years. Increased M&A activity across the nation isn't as pressing a concern for real estate either, he adds. Microsoft, for example, is probably not consolidating a significant portion of LinkedIn’s real estate footprint after the acquisition. Rather, buyers are mostly leaving the real estate plans of their purchases intact.