Post-Pandemic Adjustment and Growth
Winter 2024 | Issue No. 34
In the six months since the last survey, interest rates and cap rates have bumped up, while the oft predicted by some but never seen recession has faded into the past. U.S. non-residential construction was up by an annual rate of 1.2% in October, and residential construction permits have climbed above their historical average. The Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey reflects both overall optimism and a mixed picture in the composition making up the aggregate numbers.