California has been one of the most socially and politically liberal states in the union for a number of years, often leading the cultural conversation in progressive measures and mindsets. Heading into the November elections, some analysts predicted that a win for Donald Trump and the rest of the Republican party might have overly negative effects on various business sectors, especially commercial real estate. However, as November falls further and further behind us, the numbers seem to indicate that there has been no great change in many business patterns, at least for the time being.
According to one reputable survey, the overall trends in commercial property remain relatively steady. While office space leasing may be nearing the end of a swell in activity, other sectors like warehouse space and multifamily spaces are surging forward. The survey itself is conducted twice each year, polling real estate professionals based in several real estate sectors in California to cull three-year projections.
Despite California’s primarily progressive political leanings, real estate trends have not wavered significantly in one direction or another in the three months since the elections. Among other factors, the survey suggests that the outcome of the election is not anticipated to have any great affect on the local regulations experienced by various real estate sectors, as many of those regulations are set at state and local levels. Ultimately, the outlooks for most areas of commercial real estate remain strong, and leasing will continue to be competitive in all sectors for the Sunshine state.
If you are involved in any kind of commercial real estate deal, it is vital to have strong legal guidance throughout the process. Especially in a state like California, which is regulated more heavily than other states, fully complying with complex legal requirements in any lease environment can be difficult without experience in the field. Proper legal guidance can help ensure that your lease is successful, while protecting your rights