Office markets will lag, industrial will pick up
Redlands Daily Facts
By Joy Juedes
... Local industrial markets may be on the road to recovery next year, and office markets will lag behind, according to a prediction released last week by the University of Southern California. In the Inland Empire, office vacancies will rise and rents will stay low, while most industrial markets will begin rebounding, according to a forecast released Dec. 10 by USC's Lusk Center for Real Estate...
... The USC prediction said some industrial markets will lag from overbuilding. The industrial market will begin recovering partly to overseas growth fueling demand for U.S. goods, according to the forecast. More traffic at the ports of Los Angeles and Long Beach will create more jobs and an increased need for warehousing, USC forecasters said...