BERKELEY — It looks as if office space will still be up for grabs this year in California's metropolitan areas.
The total combined-cities vacancy rate last December was 18%, according to estimates of the UC Berkeley's Center for Real Estate and Urban Economics. The highest office vacancy figure shown was for San Diego, 25%, and the lowest of the metro areas was San Francisco, 12%.
Others listed in the Center's year-end statistics are:
Los Angeles, 17%; Orange County, 18%; Alameda/Contra Costa I-680, 20%; San Mateo,15%; Santa Clara, 21%, and Sacramento 25%.
So far into 1986, statistics don't show much change. "The state began 1986 with total vacancy space more than twice the level of average absorption," pointed out Dr. Cynthia Kroll writing in the Center's just released quarterly report.
Last year, Kroll wrote, many counties showed strong absorption, in part from a continuation of rental deals that kept "effective rates" far below asking levels.