Allen Matkins

California Commercial Real Estate Survey and Index


Allen Matkins and UCLA Anderson Forecast have partnered to create a Commercial Real Estate Survey and Index to better predict future California commercial rental and vacancy rates. This tool surveys supply-side participants – commercial developers and financiers of commercial development – for insights into their markets. The Survey and the resulting Index provide a measure of the commercial real estate supply-side participants’ view of current and future conditions. Since participants make investment actions based upon these views, it provides a leading indicator of changing supply conditions.

Through an analysis of the Index and the incorporation of the Index into other economic forecasting models, the Survey is designed to provide more accurate information on future office, industrial and multifamily space in major California geographical markets. This fifteenth survey covers the major Southern California and Bay Area markets for office, industrial and multifamily space.

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Post-Pandemic Adjustment and Growth Forecast Flyer with Buildings in the background

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.

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The Allen Matkins and UCLA Anderson Forecast Partnership


At Allen Matkins, the top-ranked California-based law firm servicing the real estate industry according to Chambers & Partners, we have been fortunate to work with and assist leading institutions, developers and lenders in the real estate industry. We have prospered, along with our clients, in this vital sector of the California economy. We sponsor this Survey to provide value to the industry. We have partnered with UCLA Anderson Forecast, the leading independent economic forecast of both the U.S. and California economies for over 60 years, and have tapped the knowledge of the leading developers and financiers of real estate development in California to provide what we believe is the best, clear-sighted forecast of the California commercial real estate industry.