Research Briefs

Valley industrial, office vacancies decline

Submitted by lusk-admin on

Brent Hopkins

The office and industrial real estate markets will carry the momentum of this year's rebound into 2005, University of Southern California forecasters say in a report released today.

A growing economy in Los Angeles County should add jobs in the battered manufacturing sector and stoke the industrial-properties market, according to the Casden Forecast from USC's Lusk Center for Real Estate. As that creates more jobs, corporate expansion will then create a need for more office space and keep pushing up occupancy in the office market.

USC Lusk Center Casden Real Estate Economics Forecast Says Southern California Office and Industrial Markets are Moving Beneath the Surface

Submitted by lusk-admin on

-Property sales remain strong as investment funds diversify portfolios using low-cost capital

-Leasing activity picks up with improved job growth

-Inland Empire is still the market leader

LOS ANGELES - Slow-moving indicators in the office and industrial markets camouflage the dynamic sales and leasing activity across Los Angeles County, Orange County and the Inland Empire, according to results of the Casden Real Estate Economics Forecast released today by the USC Lusk Center for Real Estate (www.usc.edu/lusk).

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