December 1, 2005
Jeff Collins Sale prices for office buildings and industrial sites will continue to rise as real estate trusts, mutual funds and pension funds compete for investments that provide steady rental income, said Delores Conway, director of the Casden Forecast. "There's a huge demand by the funds chasing a limited supply of office space," Conway said. "Let's face it. They're not building much office space or industrial space in L.A. or Orange County."