Construction Updates
tED Magazine
... USC Casden Forecast - yes, the other Southern California school has economists, too. A blog on the Casden Forecast (for California) notes: "...the office market is going to continue to worsen through 2011; the industrial market will probably hit bottom in mid- to late-2010 and improve gradually from there.
"The poor prognosis for office stems from the simple fact that we need people to fill office buildings. With such an atrocious jobs picture in California and few indicators of recovery for the immediate future, demand for office will remain soft, and rents will continue to fall as companies continue to downsize...