Developers Ditching California: A Closer Look

Key Points:

– Developers are leaving California due to high costs and stringent regulations.
– Commercial real estate continues to struggle with high vacancies.
– Empty office buildings are becoming a common sight across the state.

Hot take:

With developers fleeing California faster than you can say “sky-high rent,” it seems like the Golden State might need to add a new title to its repertoire: the Empty Office Building Capital of the West Coast.
Original article: https://www.biggerpockets.com/blog/on-the-market-241