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Sentiment across markets in this sector has remained consistent for the past six months. Since mid 2013, one half of the panel of developers started a project and fully 70 percent Nike Air Mag Wholesale

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Previously, uncertainty about the effects of the cliff and weakened vacancy rates in 2012 and 2013 caused office market developers in the Bay Area to view the existing stock as well as new construction in the pipeline to be sufficient to meet demand. In the latest Survey, one half of the panel plan to start one or more new projects in this market within the next 12 months showing an expectation of improving markets.

new construction to support the California industries, exports to Asia and Mexico and imported consumer goods.

´╗┐California Is Building Once Again According to New Allen Matkins

For more information on the survey and industry insight view the video here.

Video highlights of the survey are available here.

Allen Matkins, founded in 1977, is a California based law firm with more than 200 attorneys in four major metropolitan areas of California: Los Angeles, San Francisco, Orange County and San Diego. The firm core specialties include real estate, real estate and commercial finance, bankruptcy and creditors rights, construction, land use, natural resources, environmental, corporate and securities, intellectual property, joint ventures, taxation, employment and labor law, and dispute resolution and litigation in all these matters. For more than 35 years, Allen Matkins has helped clients turn opportunity and challenge into success by providing practical advice, innovative solutions and valuable business opportunities. When clients Nike Air Mag Black Replica

challenges require experienced trial counsel, Allen Matkins has a proven track record of successful litigation before juries, judges and arbitrators.

Multi family housing development continues to climb in the San Francisco and Silicon Valley areas as economic growth results in new household formation. Forty four percent of the Bay Area Panel stated that they will be starting one or more new multi family projects in the coming year, the same percentage of previously surveyed Panelists who started one or more projects last year. This is further evidence that the Bay Area is leading the way in new multi family housing construction.

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The Multi Family Sector Poised for Activity

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and Index Nike Mag V3 For Sale Research Project polled a panel of California real estate professionals in the development and investment markets, on various aspects of the commercial real estate market. The survey is designed to capture incipient activity by commercial real estate developers. To achieve this goal, the panel looks at the markets three years in the future, and building conditions over the three year period. The survey was initiated by Allen Matkins and the UCLA Anderson Forecast in 2006, in furtherance of their interest in improving the quality of current information and forecasts of commercial real estate.

UCLA Anderson School of Management is among the leading business schools in the world, with faculty members globally renowned for their teaching excellence and research in advancing management thinking. Located in Los Angeles, gateway to the growing economies of Latin America and Asia and a city that personifies innovation in a diverse range of endeavors, UCLA Anderson MBA, Fully Employed MBA, Executive MBA, Global Executive MBA for Asia Pacific, Global Executive MBA for the Americas, Master of Financial Engineering, doctoral and executive education programs embody the school Think In The Next ethos. Annually, some 1,800 students are trained to be global leaders seeking the business models and community solutions of tomorrow.

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will begin one or more industrial space projects in the coming 12 months.

"The optimism about 2017 in the surveys, broad based across all markets, is an important indicator of both the probability of new additions to stock being started over the next two years and of opportunities for new investment in multi family, office and industrial space," says Jerry Nickelsburg, adjunct professor of economics at UCLA Anderson School of Management and senior economist with UCLA Anderson Forecast. "This optimism, supported by job and income growth on the demand side and a lack of sufficient building on the supply side, reflects what we expect to be another good run of building in the California non residential space, activity that should continue through the next phase of the economic recovery."

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Developers in the San Diego, Orange County and Los Angeles markets are viewing 2016 and 2017 positively and expect office markets in Southern California to be better in both rental and occupancy rates. However, developers in all three markets are cautious about new office space development, as demand catches up with supply. Fewer than 30 percent of the panel surveyed indicated plans to develop new office space by mid 2015.

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There is a renewed sense that the rapid pace of growth in coastal California and the steady increase in imported goods will continue to create more industrial space requirements in the coming three years. This bright outlook in the Bay Area, Inland Empire, Los Angeles and Orange County markets will engender Nike Dunk Comfort

Industrial Sector Remains Confident

In Los Angeles, where little multi family housing has been built since 2006, a healthier job market and income growth are driving greater demand for rental housing. The latest Survey indicates that developers see this trend continuing for the next three years and are engaging in new multi family housing projects.

Office Development to Remain Steady

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