USC report sees industrial leading region's comeback
PE.com
By Jack Katzanek
... Industrial properties in Inland Southern California, including factories and distribution centers, could be in demand again next year if the current trends continue, according to a recently released report. The report on commercial real estate from the Lusk Center for Real Estate at USC predicts that the office market will remain in the doldrums. The vacancy rate, which is more than 20 percent in the region, is not likely to improve because little new hiring is expected.
However, acceleration in international trade could renew interest in warehouses and factories. Areas such as Ontario, Chino and Temecula, adjacent or close to Interstate 15 and other transportation arteries, could draw new interest. The forecast is worse to the east, though, as area such as Redlands, Perris and the High Desert, will probably be the last to recover...