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Commercial Real Estate

Real Estate Trends

January 14, 1998

South Bay Office Vacancy Rates

LAX

Year-end 1996: 30.6%

Year-end 1997: 30.8%

*

190th St. Corridor

Year-end 1996: 24.8%

Year-end 1997: 23.0%

*

Long Beach (downtown)

Year-end 1996: 21.7%

Year-end 1997: 19.7%

*

El Segundo

Year-end 1996: 24.5%

Year-end 1997: 18.7%

*

Torrance

Year-end 1996: 13.6%

Year-end 1997: 15.5%

*

Hawthorne/Gardena

Year-end 1996: 12.4%

Year-end 1997: 15.3%

*

Long Beach (suburban)

Year-end 1996: 10.7%

Year-end 1997: 10.0%

*

Beach Cities/Palos Verdes

Year-end 1996: 15.2%

Year-end 1997: 7.9%

Source: CoStar

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