Coworking is leading the charge in Office and effecting leasing activity which is has been balanced over the last 2 years.
Inland Empire: little office development; however, 25.2MSF Industrial under Development over 10% growth in the market.
LA industrial: 1.3% vacancy and 6.4 MSF under development. We experiencing tremendous rent growth in the industrial product. Los Angeles click to brick trend will continue, and that puts a strain on the industrial market before even considering cannabis userd. On the other hand, driverless cars will help with reduction of transportation costs which will push development to further out of the city. Ecommerce is the biggest driver in the for industrial real estate.
Sacramento and California is very resistant to Trump and trying to battle everything with a big shift to the left.
AIRCRE lobbing to keep in balanced!
