SB 6: California Legislative Initiatives Pave the Way for Residential Expansion in Commercial Zones
By Allen Nobel Introduction: In the ever-changing world of California’s commercial real estate, a notable trend is emerging: the repurposing of vacant office spaces into multifamily units, industrial facilities, and retail establishments. According to the Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, about a quarter of property owners and operators across…