What California CRE Market Sectors Should Anticipate in 2023 and Beyond

The Winter 2023 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey revealed some interesting trends in California CRE markets. Most notably, some of the optimism expressed in recent surveys has reverted to a less-than-confident outlook. To unpack these results, John Tipton, Partner at Allen Matkins, facilitated a discussion between Jerry Nicklelsburg, Director at the UCLA Anderson Forecast, Paul DeMartini, Senior Managing Director at Tishman Speyer, and Lew Horne, President of Greater LA, OC, & Inland Empire at CBRE. Here are key takeaways from the conversation and their insights into the factors affecting CRE market sectors.