USC Price School of Public Policy

Casden Forecast Predicts Continued Office Sector Slump

December 6, 2010

The Orange County Register featured USC’s Casden Real Estate Economics Forecast, which determined that Orange County office occupancy levels aren’t likely to return to peak levels for at least four or five years. High unemployment will continue to be a drag on office demand, as will changes like telecommuting, “hotel” desks and office-sharing, said Richard Green of the USC Lusk Center for Real Estate. Los Angeles Downtown News highlighted an event at which the Lusk Center will release full results of its office and industrial market analysis.