Optimistic Outlook Predicted Across All Commercial Real Estate Sectors

The Winter 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that the current recovery from the recent pandemic-related economic recession has had a positive effect on all California commercial real estate sectors. In large part, this is because, unlike other recessions, the most recent was not characterized by downturns in the purchase of goods and slackening housing markets. The opposite in fact occurred, and this has led to a continued growth of multi-family housing development and industrial space construction, while the ongoing pessimism for retail and office construction has reversed, beginning a new growth period for both sectors.

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