USC forecasts rebound for I.E. industrial markets
Inland Valley Daily Bulletin
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 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 by USC's Lusk Center for Real Estate...
... The industrial market will begin recovering partly due 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...
... Downward pressures on office rents will continue due to job losses across the board, the USC forecast stated...