Los Angeles Commercial Real Estate:
New Construction & Renovation At Long Beach And Port of L.A.
Infrastructure Growth & Improvement Indicates Brighter Days Ahead for
Los Angeles Commercial Real Estate
Here's another indication that Los Angeles commercial real estate may be in store for improving days ahead. Nothing reflects the future of any market better than the activity surrounding the building and maintenance of the infrastructure that supports that market. Transport of goods and wares is critical to the Los Angeles commercial real estate market ... and part of that infrastructure is growing and improving rapidly with large building projects at both of the areas major sea ports.
Here's a report from the L.A. Times concerning what's going on in the ports of Los Angeles and Long Beach. This is a very strong indication of what wise investors expect in the Los Angeles commercial real estate market.
Ports of Los Angeles and Long Beach building at furious pace
Ronald D. White - "So much construction is underway that the new facilities by themselves would move more freight than the entire port of Savannah, Ga., which ranks No. 4 among the continent's ports." ...Los Angeles Times
http://www.latimes.com/business/la-fi-ports-projects-20120720,0,3659702.story
Is Los Angeles Commercial Real Estate "Out Of The Woods"?
No one is saying that the Los Angeles commercial real estate market is "out of the woods" yet. However, this kind of investment in infrastructure ... by both public and private entities ... is a good indication that "smart money" expects better days ahead.
