For the first 6 months of 2000, new industrial construction in Los Angeles has inched back into the positive column, with permit values up by 2.6%.
New office activity continues to lag, down by 35.5%, while retailcontinues to move ahead, up 12.6%. In Orange County, new industrial permitvalues continue to lag, off by 67.7%. However, office is up 72.8% andretail is ahead 30.0%. In the Riverside-San Bernardino area, new industrial permit values arerunning ahead 23.6%, new office permits are ahead 80.4% (working off asmall base), while retail is up 54.1%. In San Diego County, industrialpermits are up 15.8%, office is virtually flat at +0.5%, while retail isfrisky, up 69.5%. Ventura County's industrial permits are running 46.1%ahead, office is up 91.9% (small base), but retail activity continues tolag, down 79.3%. In the 9-county Bay Area, industrial permit values for the first 6months are up by 4.6%, office is up 130.8% (with strong performances in SanMateo and Santa Clara counties), while retail is down 21.2% (despite aburst of activity in Santa Clara County).
Thanks to Chris Steins
FULL STORY: Nonresidential Also Healthy
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