USC Casden Industrial and Office Forecast 2011

The USC Casden Industrial and Office Forecast of real estate in Los Angeles County, Orange County and the Inland Empire shows signs of a slow market recovery. The forecast report reveals that all three regions experienced job growth and increased demand for both property types in 2011. Each area's submarkets found lower vacancy rates in 11 of 17 office submarkets and 11 of 14 industrial submarkets. On the rent side, four office submarkets and eight industrial submarkets experienced increases. Overall, declines were smaller than in the previous two years. As a result, while office demand is expected to grow over the next two years, office rents were down for the third straight year and will continue to decline. On the industrial side, all three markets are expected to see ongoing declines in vacancies and increases in rents over the next two years.

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