Allen Matkins

Allen Matkins and UCLA Anderson Forecast Partnerships

Riding a Record-Long Expansion

Although economic forecasts, including that of the UCLA Anderson Forecast, have GDP growth slower in 2020 than in 2019, the expected continuation of growth in the California economy bodes well for most commercial real estate (CRE) types. The current Allen Matkins/UCLA Anderson Forecast California CRE Survey, conducted at the end of 2019, asked questions that look forward to 2022. The answers from the Survey confirm the more optimistic outlook observed in the mid-year survey. The Survey is designed to gauge the viewpoints of real estate developers. The sentiment as expressed in the current Survey is the backdrop for new CRE projects due to come online in 2022 and beyond. That timeframe jumps over what the UCLA Anderson Forecast predicts will be a somewhat weaker economy with an elevated risk of recession in 2020, and strongly suggests that for the most part, developers are already looking at getting in on the ground floor of the next CRE expansionary cycle. [read more]

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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.

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.

UCLA Anderson Forecast