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Allen Matkins/UCLA Anderson California Commercial Real Estate Survey: Recession-Era Pessimism Replaced By Two Years of Increasing Optimism
[January 19, 2012]

Allen Matkins/UCLA Anderson California Commercial Real Estate Survey: Recession-Era Pessimism Replaced By Two Years of Increasing Optimism


LOS ANGELES --(Business Wire)--

The latest semi-annual release of the Allen Matkins/UCLA Anderson California Commercial Real Estate Survey suggests a mood of optimism, despite the mixed economic signals of the past sixth months. In an essay titled "California Office and Industrial Markets: A Recovery Begins," UCLA Anderson Forecast Senior Economist Jerry Nickelsburg writes that despite events, such as the U.S. economy nearly stalling with sub-2% GDP growth and shaky confidence in the various stock markets, a cautious optimism is driven by steady employment gains in coastal California, "particularly in professional, technical and scientific services and health care, users of office space, in export-related sectors and manufacturing, and users of industrial space." (http://www.allenmatkins.com/uclasurvey)

The outlook for Southern California Office Markets highlights the Los Angeles and San Diego Sentiment Index with respect to vacancy rates that are dropping, but by an insignificant amount; those surveyed remain highly optimistic.

In the Bay Area, San Francisco developer sentiment was unaffected by slower economic growth during the last two quarters of 2011. In the East Bay, sentiment remained optimistic though slightly less so with respect to rental rates. Regarding industrial space, the Bay Area Panel is most optimistic with regard to Silicon Valley and least with respect to San Francisco.

For a copy of the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and Index Rsearch Project, please visit www.uclaforecast.com.



The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and Index Research Project polled a panel of California real estate professionals in the office space and investment market, and asked a series of questions on various aspects of the commercial real estate market. It was initiated by Allen Matkins in 2006, furtherance of their interest in improving the quality of current information and forecasts of commercial real estate.

About Allen Matkins


Allen Matkins, founded in 1977, is a California-based law firm with approximately 220 attorneys in four major metropolitan areas of California: Los Angeles, Orange (News - Alert) County, San Francisco and San Diego. The firm's core specialties include real estate, real estate and commercial finance, bankruptcy and creditors' rights, construction, land use, natural resources, environmental, corporate and securities, intellectual property, joint ventures, taxation, employment and labor law, and dispute resolution and litigation in all these matters. For more than 30 years, Allen Matkins has helped clients turn opportunity and challenge into success by providing practical advice, innovative solutions and valuable business opportunities. When clients' challenges require experienced trial counsel, Allen Matkins has a proven track record of successful litigation before juries, judges and arbitrators. Allen Matkins is located on the Web at www.allenmatkins.com.

About UCLA Anderson Forecast

UCLA Anderson Forecast is one of the most widely watched and often-cited economic outlooks for California and the nation and was unique in predicting both the seriousness of the early-1990s downturn in California and the strength of the state's rebound since 1993. More recently, the Forecast was credited as the first major U.S. economic forecasting group to declare the recession of 2001. Visit UCLA Anderson Forecast on the Web at http://uclaforecast.com.

About UCLA Anderson School of Management

UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world. UCLA Anderson faculty are ranked #1 in "intellectual capital" by BusinessWeek and are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.


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