California Real Estate Confidence Builds: Allen Matkins/UCLA Survey

Commercial Observer covered the launch of the Winter 2025 Allen Matkins/UCLA Anderson Forecast California CRE Survey and quoted Spencer B. Kallick in “California Real Estate Confidence Builds: Allen Matkins/UCLA Survey.” The article covered several key takeaways from the most recent edition of the Survey, including increased data center development, a majority of respondents starting multifamily projects in the next year, optimism in the retail sector, and a more positive but still muted outlook for the office sector.

Spencer observed, “I think that there has been a reset in terms of the capital markets, post-election and in the new year, where folks are getting more realistic about what it takes to get a deal done, especially an industrial deal. It sounds crazy, but there is a shortage of supply in some areas. And so good projects that make sense, that are well located, are helpful. And there’s been state laws that have made it more challenging to build industrial, and so that’s put up a barrier to entry, which makes new projects more sought after.”

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