Office
The office market will continue to reshape itself in 2024, with positive signs in continued flight to quality and projected tech industry expansion, though the sector is likely a few years away from notable and sustained growth.
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Market Research
2024 West Coast
Forecast
Local Expertise. World-Class Insights.
Our 2024 West Coast Market Forecast spotlights opportunities and challenges in the commercial real estate landscape for the year ahead. The report analyzes data from major West Coast markets to provide an in-depth forecast of office, industrial, retail, and multifamily sectors, as well as economic impacts on the horizon.
View our outlook reports at the links below.
Industrial
The industrial market is expected to recalibrate in 2024, with activity levels similar to pre-covid averages and rent growth normalizing to a more moderate pace.
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Retail
Retail market fundamentals will remain resilient. The economy is projected to experience slow growth in 2024, promoting a strengthening of both consumer confidence and retail sales.
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Multifamily
Multifamily construction starts are expected to temper in the near term helping the balance between supply and demand.
View ForecastMany economists are forecasting a “soft landing” for the U.S. economy in 2024. While there are still areas of concern, inflation has eased, consumer spending has trended positively, and job growth continued to grow at a steady pace.
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