L.A. office market is hot

Going out over the next five years, Los Angeles County ranks second nationwide, behind Washington D.C., according to a Grubb & Ellis forecast that's out today. The ranking is based on a score that covers 16 demographic, economic and property variables. Orange County was in the No. 7 spot. L.A. was tops in the industrial market (by a lot), third in the retail market and second in the multi-housing market. The numbers are not that surprising - office space was very tight last year as a result of a solid economy and little new construction. Industrial space is routinely tight because shippers and retailers want to be close to the Ports of Los Angeles and Long Beach - and because land is in short supply. Top 10 lists on the jump. Full report.