Multifamily Brightest Spot In Calif. Markets, Survey Says

Law360, New York (July 10, 2013, 9:02 AM EDT) -- While California's three main real estate markets — office, industrial and multifamily — are continuing to ride positive momentum, it is multifamily that developers expect to be the brightest spot in the next three years, according to a real estate survey released Wednesday.

Driven by continually rising demand and substantial rent increases, more than half the developers in Los Angeles, San Francisco and Silicon Valley expect to dig their shovels into new multifamily projects over the next year, according to a semiannual commercial real estate survey...
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