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Vacancy Rates Ventura County

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BUSINESS
July 13, 1993 | Jack Searles
Office vacancy rates in Ventura County fell to 23.5% from 24.4% in the second quarter, according to a survey by CB Commercial Real Estate Group. Oxnard had the county's highest office vacancy rate at 29%, while Westlake Village had the lowest at 16.9%, the survey said. Industrial vacancies countywide fell to 13.2% from 14.3%. Newbury Park had the highest industrial vacancy rate with 24.2%, according to CB. The county's retail vacancies rose to 8.4% from 7.9%.
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REAL ESTATE
August 16, 1987
Commercial office leasing activity resulted in a total of 404,695 square feet being absorbed during the first half of this year in Ventura County, more than double the 183,870 square feet leased for all of 1986, according to Grubb & Ellis Commercial Brokerage Services. New construction was also largely responsible for an increase in office vacancy rates in Ventura County from 18% in January to 21% in June, according to James Gloyd of the Ventura office of Grubb & Ellis.
CALIFORNIA | LOCAL
April 12, 1995 | PAUL ELIAS
For the first time in almost two years, vacancy rates for Ventura County office space increased during the first three months of the year, officials with CB Commercial reported. Increasing interest rates and a sagging real estate industry forced many mortgage companies and related industries to close shop, pushing the county's vacancy rate to 16% during the first quarter of this year, said CB's Michael Slater, an office market specialist.
CALIFORNIA | LOCAL
December 20, 1994 | MATTHEW MOSK, SPECIAL TO THE TIMES
This has been a turnaround year for Ventura County business, as vacancy rates of industrial parks and office buildings have dropped to pre-recession lows and foreclosures have leveled off for the first time since 1990, analysts reported Monday. The Northridge earthquake, which prompted some Los Angeles County businesses to head north, along with the continued lure of the county's quality of living led to significant boosts in business activity this year, the analysts said.
CALIFORNIA | LOCAL
May 9, 1992 | CAITLIN ROTHER, SPECIAL TO THE TIMES
Ventura County's vacancy rate for office space has declined from 26.2% to 19.3% in the past year as prices have dropped and virtually no new buildings have been added to the county's stock, real estate brokers say. The commercial real estate market is beginning to recover, say brokers who are optimistic that the rate will continue to fall. "It's a good sign," said Timothy E. Grant, broker at CB Commercial in Ventura, which compiled the statistics. "This has been real tough the past two years."
CALIFORNIA | LOCAL
January 21, 1993 | MACK REED, TIMES STAFF WRITER
The percentage of mortgage foreclosures in Ventura County has jumped more than sixfold since 1989, a TRW analyst said Wednesday. The numbers show the nose-diving national economy hitting home in Ventura County, said Nima Mattagh, a market and research analyst for TRW REDI Property Data of Riverside. In past years, relatively affluent property owners often were able to catch up with payments or sell their houses to pay off their mortgages before foreclosure, he said.
BUSINESS
January 31, 1995 | GREG MILLER, TIMES STAFF WRITER
Like many who grew up in the Depression, Martin V. Smith tends to collect things, and he sometimes has trouble letting them go. A drawer in the credenza behind his desk contains hundreds of business cards, some dating back to the 1940s. Sprinkled about his long, cluttered office are souvenirs from around the globe, including an authentic suit of armor from Europe, the foot of an elephant he shot in Africa and camel saddles he brought home from Egypt.
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