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Vacancy Rates Orange County

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BUSINESS
February 20, 1998 | RUSS STANTON
A good year for landlords, a bad year for tenants. That pretty much sums up the outlook for Orange County's retail real estate market in the coming year. "Rents are incredibly high, and vacancy is very low," said Ian Brown, senior marketing consultant at Grubb & Ellis' Newport Beach office. He said retailers can expect to pay an eye-popping $4 a square foot for small spaces at top-drawer projects in South County such as Irvine Spectrum Center.
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BUSINESS
February 20, 1998 | RUSS STANTON
A good year for landlords, a bad year for tenants. That pretty much sums up the outlook for Orange County's retail real estate market in the coming year. "Rents are incredibly high, and vacancy is very low," said Ian Brown, senior marketing consultant at Grubb & Ellis' Newport Beach office. He said retailers can expect to pay an eye-popping $4 a square foot for small spaces at top-drawer projects in South County such as Irvine Spectrum Center.
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BUSINESS
July 19, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
A large local real estate broker said Wednesday that vacancy rates in Orange County's larger office buildings could soon drop below 20% for the first time in nearly five years. At the end of the first half of this year, the rate was 20.5%, said Coldwell Banker Commercial Real Estate Services. But that has been dropping more or less steadily from a peak of 23% in early 1988.
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
July 3, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Office vacancy rates in Orange County dropped to their lowest level in 16 years, thanks to a flurry of leasing by growing companies and a lack of new construction, according to a report released Wednesday. The overall vacancy rate for Orange County dropped to 10.57% at the end of June from 14.73% a year earlier and is expected to tighten further this year, according to the report released by CB Commercial Real Estate Group Inc. "Supply is going to be drying up.
BUSINESS
October 16, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Pension fund advisor RREEF Funds has purchased northern Orange County's 1.25-million-square-foot Fullerton Crossroads industrial park from Legacy Partners Commercial for nearly $67 million. The Chicago-based firm's acquisition of the former Hunt-Wesson tomato-canning facility shows that institutional investors remain active buyers of well-located Southern California income properties despite softening tenant demand.
BUSINESS
January 7, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
After a remarkable two-year recovery, demand for offices will grow at a slower pace this year as a flood of new space comes on the market, one of the largest commercial brokerages in Orange County predicted Wednesday. About 1.5 million square feet of office space will be added this year, roughly six buildings the size of Taco Bell's headquarters in Irvine, and double the amount that became available in 1998.
BUSINESS
February 10, 1988 | Michael Flagg, Times Staff Writer
Vacancy rates in Orange County apartments increased slightly during the second half of 1987, according to a recent survey, and that kept rents from rising much. But county rents--like housing prices--remain far above the national average: For an unfurnished apartment in Orange County, the average monthly rent was $585 last year. The national average was $450. The figures are from researchers at Cal State Sacramento, who surveyed apartment owners for the Apartment Assn.
BUSINESS
February 11, 1993 | TED JOHNSON, SPECIAL TO THE TIMES
Demand for Orange County office space will be about the same this year and weak demand for industrial space could extend into the mid-1990s, even if commercial real estate activity improves nationwide, said a real estate forecast released Wednesday. Little change is expected from 1992 conditions, when the county's average vacancy rate for office space climbed almost two percentage points to 21.1%.
BUSINESS
January 14, 1994 | DEBORA VRANA, SPECIAL TO THE TIMES
In a signal that the shaky local real estate market may be firming up, more office space was occupied in Orange County during 1993 than in the previous year. The retail market, however, showed a decline, mainly because of the closing of several Builders Emporium stores. The office vacancy rate fell 2.5% last year, according to year-end figures from Grubb & Ellis Commercial Real Estate Services.
BUSINESS
March 6, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Adecco Employment Services Inc. had a chance last year to renew the lease on its Laguna Hills offices for five more years, but it hesitated. It proved to be a costly decision. Adecco and other companies in many pockets of Southern California are now finding themselves caught in a booming market for office space, in which landlords have all the say and double-digit rent increases are the rule.
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