Planetizen - Urban Planning News, Jobs, and Education

The Impacts of Repeated Closures on California Commercial Real Estate

Carl Muhlstein discusses the recent re-closure of California businesses and the subsequent impact on the regional real estate market.
August 21, 2020, 8am PDT | Clare Letmon
Share Tweet LinkedIn Email Comments
New York City Homelessness
Kevin Benckendorf

With the economy’s sputtering restart and COVID-19 resurgence, it remains to be seen how the commercial real estate markets will adjust to post-COVID realities. TPR followed up with International Director at JLL and property investment expert Carl Muhlstein, to discuss the recent re-closure of California businesses and the subsequent impact on the regional real estate market. Citing lengthy and expensive local land use processes, Muhlstein further opines on the barriers to new development in Los Angeles and its implications for the region’s economic recovery:

"There is no sugarcoating what we're all facing. The next normal or hybrid workplace is upon us."

For the full interview, visit The Planning Report.

Full Story:
Published on Monday, August 17, 2020 in The Planning Report
Share Tweet LinkedIn Email