The Summer 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey indicates optimism for multifamily housing growth due to increased home prices, rental rates, and new laws easing developer regulations. Despite fewer new multifamily projects, the outlook is better than Winter 2024. Challenges in new construction persist, but state laws like AB 1287 may incentivize moderate-income housing. Investment is shifting towards alternative housing types, with prime development areas identified in Southern California, particularly near transit lines.
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