Recession Furthers Downward Spiral of Some CRE Sectors

SAN FRANCISCO–In the wake of the pandemic-induced economic recession, there is uniform pessimism and a drop in sentiment for developers across all commercial real estate spaces. The biannual/summer Allen Matkins-UCLA Anderson Forecast California Commercial Real Estate Survey projects a three-year-ahead outlook for California’s commercial real estate industry, and forecasts potential opportunities and challenges impacting the office, multifamily, retail and industrial sectors.

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