Bay Area Office Market: Allen Matkins/UCLA Anderson Forecast Winter/Spring 2014
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In the Bay Area, the Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey revealed renewed optimism regarding both office rental and occupancy rates through 2016. Fifty-two percent of the Bay Area Panel indicated they would begin one or more new projects in the coming year. This comes on the heels of many new Bay Area projects already under construction, and is indicative of a return to healthy office construction in the region.
In the Bay Area, the Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey revealed renewed optimism regarding both office rental and occupancy rates through 2016. Fifty-two percent of the Bay Area Panel indicated they would begin one or more new projects in the coming year. This comes on the heels of many new Bay Area projects already under construction, and is indicative of a return to healthy office construction in the region.
