Prepared by James Min Director Colliers International W Street Suite by bigpoppamust

VIEWS: 62 PAGES: 37

									         Prepared by:

       James Min
         Director

    Colliers International
2050 W. 190th Street, Suite 101
     Torrance, CA 90504
       (310) 381-2437
   james.min@colliers.com
           Table of Contents


I.    Situation Analysis for California
      1.   Negative Factors
      2.   Positive Factors
      3.   Result

II.   Real Estate Outlook
      1.   Commercial Market for Industrial and Office
      2.   Residential Market
Section I




            I.   SITUATION ANALYSIS
  Section I
1. Negative Factor    CONSUMER PRICE INDEX




                     Source: Bureau of Labor Statistics
  Section I
1. Negative Factor    GAS AND DIESEL PRICES IN CALIFORNIA




                     Source: Energy Information Administration
  Section I           SLOWING IN NEW HOMEBUILDING
1. Negative Factor    IN SOUTHERN CALIFORNIA




                     *06Q2 (April & May)
                     Source: Construction Industry Research Board
   Section I
2. Positive Factor   PERFORMANCE RATINGS OF MAJOR INDUSTRIES


                                                       7/2005   7/2006
                     Aerospace: Defense                   A-      B
                     Aerospace: Commercial                A-      A
                     Apparel Design & Manufacturing       C-      C+
                     Business & Prof’l Mgmt. Service      A       A
                     Financial Services                   B+      B
                     Health Services: Hospitals           D       D
                     Bio-Medicine                         B+      A-
                     International Trade                  B       A
                     Motion Picture/TV Production         B       B-
                     Technology                           A-      A-
                     Tourism & Travel                     A-      A-
   Section I
2. Positive Factor    TWO RECORD PERFORMANCES IN 2006

                     International Trade
                     15.64 million TEUs at Los Angeles/Long Beach
                     ports (and greener future)   10.2% U.S. 2005
                     Total two-way trade value at the L.A. customs
                     district $326.1 billion (11.0% U.S. 2005)


                     Tourism
                     Number of visitors:
                           Los Angeles County         25.7 million
                           Orange County              45.4 million
   Section I STRENGTH IN NONRESIDENTIAL CONSTRUCTION
2. Positive Factor   IN SOUTHERN CALIFORNIA




                     Source: Construction Industry Research Board, estimates by LAEDC
   Section I          STRENGTH IN PUBLIC CONSTRUCTION
2. Positive Factor    IN SOUTHERN CALIFORNIA




                     Source: Construction Industry Research Board, estimates by LAEDC
Section I
 3. Results   UNEMPLOYMENT RATES AT LOW LEVELS




              Source: California Employment Development Dept., estimates by LAEDC
Section I
 3. Results   UNEMPLOYMENT RATES AT LOW LEVELS




              Source: California Employment Development Dept., estimates by LAEDC
Section II




             II.   REAL ESTATE OUTLOOK
  Section II
1. Commercial Market   OFFICE VACANCY RATE
  Section II
1. Commercial Market   OFFICE VACANCY RATES BY SUBMARKET
  Section II
1. Commercial Market   CLASS A ASKING RENT BY SUBMARKET FSG
  Section II
1. Commercial Market   INDUSTRIAL VACANCY RATE
  Section II
1. Commercial Market   INDUSTRIAL VACANCY RATES BY SUBMARKET
  Section II
1. Commercial Market   WAREHOUSE ASKING RENT BY SUBMARKET NNN
  Section II LOS ANGELES BASIN
1. Commercial Market   INDUSTRIAL LAND OVERVIEW
  Section II
1. Commercial Market   CAPITALIZATION RATES, SOUTHLAND vs. U.S.
  Section II SALES OF EXISTING DETACHED HOMES AND
2. Residential Market   PACIFIC WEST CONSUMER CONFIDENCE
                        California, May 2006 Sales: 488,255 Units, Down 19.5% Y-T-D
                        Down 21.1% Y-T-Y




                        Source: California Association of REALTORS®; The Conference Board
  Section II
2. Residential Market   MEDIAN PRICE OF EXISTING DETACHED HOMES
                        California, May 2006 : $564,430, Up 8.0% Y-T-Y




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   UNSOLD INVENTORY INDEX
                        California, May 2006: 5.7 Months




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   MEDIAN PRICE, ANNUAL PERCENTAGE CHANGE
                        California vs. U.S.: 1970-2005




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   UNSOLD INVENTORY INDEX vs. PRICE CHANGES
                        California, 1982-2005




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   LISTINGS BY MONTH, SELECTED YEARS
                        California (1982-2005 Average =100)




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   FORECLOSURES




                        Source: Real Estate Research Council
  Section II SALES OF EXISTING DETACHED HOMES AND
2. Residential Market   PACIFIC WEST CONSUMER CONFIDENCE
                        Southern California May 2006 Sales: 12,385 Units, Down 16.6% Y-T-Y,
                        Down 17.3% Y-T-D




                        Source: California Association of REALTORS®; The Conference Board
  Section II
2. Residential Market   HOME SALES IN SOUTHERN CALIFORNIA REGIONS




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   MEDIAN PRICE OF EXISTING DETACHED HOMES
                        Southern California, May 2006: $549,010 Up 6.8% Y-T-Y




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   SALES OF EXISTING DETACHED HOMES




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   MEDIAN PRICE OF EXISTING DETACHED HOMES
                        Southern California Regions




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   SUPPLY INDICATORS




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   U.S. HOUSING MARKET FORECAST




                        Source: California Association of REALTORS®
  Section II
2. Residential Market   CALIFORNIA HOUSING MARKET FORECAST




                        Source: California Association of REALTORS®

								
To top