Southern California Commercial Real Estate Shows Improvement
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Commercial Real Estate on Wednesday, January 9, 2013.
Since the recent recession, people have been on the lookout for any signs of possible economic recovery. One of the most common economic indicators which economists use to analyze the health of an economy is the real estate market. Not only does this include residential homes, but economists also look at the commercial real estate market. Luckily, in Southern California the industrial real estate market has recently been showing signs of improvement.
The region has seen positive signs in the industrial real estate sector over the previous 18 months. This can be seen in the increasing amount of larger property developments being started in various key areas of the region. One of the bigger developments is a $250 million facility being developed for Skechers, which is an internationally-known shoe company.
However, despite some positive signs, the industrial real estate market is also showing indications that it still has room for improvement. It seems that larger corporate companies are recovering from the economic crash much quicker than smaller, regional-based companies. This is evident in that the developments are mostly made up of larger commercial properties, while smaller spaces remain vacant.
Whether running a large company or small, when one decides to invest in commercial real estate property in California, investors typically need to understand all of the legal liabilities involved. These could change significantly depending upon the type of business that will be operated out of the property. It is also important to research all of the applicable rules and regulations imposed by state and federal laws.
Source: World Property Channel, "Southern California Industrial Real Estate Recovering, Although Small Players Left Behind," Hortense Leon, Dec. 18, 2012