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Vacancy Rates Los Angeles County

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BUSINESS
September 21, 1993
A lack of new office construction in the San Fernando Valley helped push the vacancy rate in the Valley down to 19% in July and August, despite a slowdown in local leasing activity. The vacancy rate for the same two months last year was 24%, according to a survey conducted by the Los Angeles area offices of J. Studley Inc., a New York-based commercial real estate firm.
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BUSINESS
December 10, 1997 | BOB HOWARD, SPECIAL TO THE TIMES
Doctors used to wait in line for the chance to rent space in one of Robert Held's office buildings. The Westwood-based landlord charged as much as 30% more for his medical suites than ordinary office space commanded, and still demand climbed steadily. The waiting lists of doctors are long gone, and Held Properties Inc., owner of half a million square feet, is vexed by vacant medical offices. Rents still exceed those for general office space, but not by nearly as much.
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BUSINESS
December 10, 1997 | BOB HOWARD, SPECIAL TO THE TIMES
Doctors used to wait in line for the chance to rent space in one of Robert Held's office buildings. The Westwood-based landlord charged as much as 30% more for his medical suites than ordinary office space commanded, and still demand climbed steadily. The waiting lists of doctors are long gone, and Held Properties Inc., owner of half a million square feet, is vexed by vacant medical offices. Rents still exceed those for general office space, but not by nearly as much.
BUSINESS
September 21, 1993
A lack of new office construction in the San Fernando Valley helped push the vacancy rate in the Valley down to 19% in July and August, despite a slowdown in local leasing activity. The vacancy rate for the same two months last year was 24%, according to a survey conducted by the Los Angeles area offices of J. Studley Inc., a New York-based commercial real estate firm.
BUSINESS
December 10, 1997
Office Vacancy Rates in Los Angeles County Market Downtown Dec. 1996: 23.2% Dec. 1997*: 24.9% * San Gabriel Valley Dec. 1996: 19.1% Dec. 1997*: 19.3% * Mid-Wilshire Dec. 1996: 19.1% Dec. 1997*: 18.9% * South Bay Dec. 1996: 18.8% Dec. 1997*: 16.7% * San Fernando Valley Dec. 1996: 16.3% Dec. 1997*: 14.9% * West L.A. Dec. 1996: 11.7% Dec. 1997*: 10.1% * Burbank/Glendale/Pasadena Dec. 1996: 10.1% Dec. 1997*: 9.4% Office Vacancy Rates in Orange County Markets Central County Dec. 1996: 20.7% Dec.
BUSINESS
December 2, 2005 | Roger Vincent, Times Staff Writer
Southern California office rents will continue to rise next year as steady gains in the economy encourage employers to expand, further pushing down vacancy rates, according to a forecast released Thursday. "Stable job growth has helped to reduce office vacancy rates and raise rents throughout the region," said Dolores Conway, director of the annual Casden Real Estate Economics Forecast released by the USC Lusk Center for Real Estate.
BUSINESS
January 15, 2009 | Bloomberg News
Los Angeles office landlords will probably be forced to slash rents as much as 30% in the first half of the year as job cuts create more empty space, Grubb & Ellis Co. said Wednesday. Office vacancy rates in Los Angeles County jumped to 12.2% at the end of 2008 from 9.7% a year earlier, the Santa Ana broker said. "Southern California counties got caught in the economic whirlwinds of 2008, and there will be little or no letup in 2009," said Jack Kyser, an economist who worked on the report.
BUSINESS
February 27, 1986 | NANCY YOSHIHARA, Times Staff Writer
Construction activity in Los Angeles County will decline this year after a three-year boom, but the retrenchment will be offset by substantial gains in employment and consumer spending, Bank of America predicted Wednesday. Duane Paul, the bank's senior economist for Southern California, said the overall economic outlook for the county this year is bright because of the diversity of local industries, higher defense spending, more international trade and the sharp declines in oil prices.
BUSINESS
December 31, 1997 | BOB HOWARD, SPECIAL TO THE TIMES
Virtually everyone agrees: 1997 was the best year this decade for commercial real estate in Southern California, and 1998 promises more of the same. Having pulled out of its slump in late 1995 and hit its stride in 1996, the commercial real estate industry fairly roared in '97. "This was the best year in a long time," said Jay Haskell, president of Seeley Co., a commercial real estate brokerage.
CALIFORNIA | LOCAL
April 11, 2000 | KAREN ROBINSON
Real estate developers in the San Fernando Valley were an industrious lot during the last three months. In the first quarter, which ended March 31, Sherman Oaks-based SunQuest Development announced plans to convert a stretch here long dominated by a rock quarry and landfill into a 33-acre industrial park. The estimated cost: $36 million.
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