There’s a lot to like about the West Coast, which has both natural advantages in terms of its ports and its geography, and man-made strengths in the form of a top-tier education system and the presence of multiple, rapidly growing technology firms.
With core assets delivering thin returns, institutional investors are looking at value-add and redevelopment opportunities.
Strong demand from renters has kept up with a high pace of new construction, allaying fears of overbuilding in the market.