Latest California commercial real estate forecast

At the recent Commercial Real Estate Allen Matkin’s / UCLA’s forecast, for California and overall, office space has reached the peak for this cycle with office rates as high as they will be for the foreseeable future. Warehouses are hot and for the East Bay, San Joaquin and Sacramento counties will remain sizzling for the next three years. Retail is still on its way down, with the exception of Silicon Valley. Multi-family is strong, but might soften with all the new planned construction. There is a 63% increase in planned multi-family construction.