The Pulse on L.A.’s Commercial Real Estate Market – What the Latest Trends Show
In the Los Angeles metro area, the real estate market is thriving and showing no signs of stopping, according to the Winter/Spring 2018 Allen Matkins/UCLA Anderson Forecast survey for Commercial Real Estate. Although the survey does point to a decline in the retail sector, this is offset by the spike in demand for e-commerce services. The market is further helped along by recent tax overhauls, ongoing job growth and a thriving gross domestic product. A Hungry Office Market in Silicon Beach From Hulu to Youtube, Google to Snapchat, today’s top tech companies are looking at an ocean view, and there’s none better than Silicon Beach. Close to 500 startups, incubators and accelerators alone call cities like Playa Vista, Santa Monica, Venice and Culver City home, and it’s easy to see why. Vacancies for commercial office space continue to decrease amidst hungry demand and increasing prices, making now a great time to capitalize on the huge surge in jobs among tech, streaming and gam