In CRE Outlook, Office Sees a Longer Recovery, Multifamily in High Demand, Retail Rebounds

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows a mixed outlook for the commercial real estate industry in California. Office development is expected to slow due to high interest rates, while the multifamily sector remains strong. The survey advises clients to be prepared for a potential market shift and for office landlords to focus on driving demand for space.

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