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Real Estate Industry South Bay

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CALIFORNIA | LOCAL
July 4, 1993 | TED JOHNSON, TIMES STAFF WRITER
The ongoing cutbacks and downsizing in the aerospace industry could push the South Bay's office vacancy rate to 30% by the end of 1994, making the region one of the hardest hit markets in Southern California, according to an area real estate brokerage firm. A vacancy rate of 30% in the fourth quarter of 1994 would represent a dramatic jump from the 21% vacancy rate recorded as of March 31 this year.
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CALIFORNIA | LOCAL
July 4, 1993 | TED JOHNSON, TIMES STAFF WRITER
The ongoing cutbacks and downsizing in the aerospace industry could push the South Bay's office vacancy rate to 30% by the end of 1994, making the region one of the hardest hit markets in Southern California, according to an area real estate brokerage firm. A vacancy rate of 30% in the fourth quarter of 1994 would represent a dramatic jump from the 21% vacancy rate recorded as of March 31 this year.
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