Industrial Market Stays Hot in California
Allen Matkins/UCLA Anderson Forecast California CRE Survey
7.31.19
Industrial markets continue to be where the action is in non-residential commercial real estate development, according to the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey. Near the ports and the population centers, a densification of warehouses is beginning to occur, where multi-story buildings with productivity enhanced by robotics are becoming more prominent. Even though there is still technology development in process for high-rise warehouses, this appears to be what is driving values and optimism in the coastal areas.
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