The outlook for Southern California office and industrial markets in 2008 is generally positive with slower but steady growth tempered by caution flags, according to the 2007 Southern California Office and Industrial Market Report released by the Casden Forecast at the university's Lusk Center for Real Estate. "When looking towards next year, you have to balance the surging demand for West LA office space, the financial services fallout in Orange County and the massive amount of industrial space under construction in the Inland Empire," said Delores Conway, director of the Casden Real Estate Economics Forecast. "Our region faces challenges from the housing slowdown, but we benefit from increased foreign trade, wage growth, and a diversified and resilient economy."
December 17, 2007