July 20, 1989 |
Orange County companies continued to gobble up office space during the first six months of 1989, especially in the smaller, less-plush facilities, according to a report issued Tuesday by Grubb & Ellis Co. The county vacancy rate for research and development space, usually defined as industrially zoned property used for both manufacturing and office, has fallen from 26% in 1986 to under 14% today, the commercial real estate broker said.
July 9, 1998 |
For the 10th consecutive quarter, the vacancy rate for office space in Orange County has declined, according to a new survey. The percentage of empty office space stood at 9.09% at the end of the second quarter, down from 9.34% in the first quarter and 10.57% a year ago, according to the CB Richard Ellis survey. With employers adding thousands of new jobs in the sizzling economy, the demand for space is strong, especially in the north and central areas of the county, the firm said.
July 18, 1991 |
Mirian Lopez was driving along Main Street in Santa Ana when she saw a sign that would end her seven-month hunt for an apartment: Cats Welcome. "This was a good reason to move in," said Lopez, who was turned away repeatedly from apartment complexes in the area that don't allow pets. "I love my cat dearly." Her landlord, South Coast Apartments, is welcoming cats to increase its chance of attracting tenants.
July 21, 2005 |
Office vacancies in U.S. cities dropped to the lowest rate in more than three years in the second quarter, with San Francisco, Miami and Washington increasing occupancies amid an improving economy. The vacancy rate for central business districts in U.S. cities fell to 13.7% from 14.2% in the previous three months and 15% a year earlier, according to data provided by New York-based real estate service provider Cushman & Wakefield.
March 30, 1993 |
Orange County's office and industrial real estate market changed little during the first quarter, and analysts said Monday that no significant shift is likely until early next year. The vacancy rate for office buildings was 18.79% for the first three months of 1993. That compared with 22% for the same quarter a year earlier, according to a study by CB Commercial Real Estate Group in Laguna Hills. The average rent, meanwhile, fell to $1.48 a square foot, contrasted with $1.
CALIFORNIA | LOCAL
October 25, 1989 |
Repairing his commercial building in Uptown Whittier after it was damaged in the Oct. 1, 1987, earthquake was easy compared to what Robert Klein says he is going through now. Klein and scores of other landlords in Whittier's Uptown business district say they are struggling to find merchants to move into the buildings they spent thousands of dollars to rebuild after the 5.9-magnitude earthquake struck the community. "I figured that once I rebuilt it, I would have no trouble renting it.
June 10, 1994 |
The apartment vacancy rate for Orange County was 7.2% this spring, according to the semiannual survey of the Apartment Assn. of Orange County. That was up slightly from a rate of 6.8% a year earlier. Mission Viejo had the highest vacancy rate, with 11.4% of the apartments in that city standing empty. Anaheim was second-highest, with a 10.6% vacancy rate. The lowest rates across the county were in Placentia, with 3.7%; Irvine, 3.9%; and Rancho Santa Margarita, 4.1%.
October 26, 1995 |
In a continuing show of improvement, the vacancy rate in Orange County's office towers dropped nearly 10% to 16.1% during the third quarter compared to the same time last year, a real estate company said. Since office vacancy rates peaked at 25% in 1988, Orange County's vacancy rate has mostly declined in recent years, primarily because of the lack of new office building construction.
July 16, 1993 |
Orange County's office vacancy rate for the second quarter dropped to the lowest level since 1983, and sales and leasing activity for industrial space increased, according to a report released Thursday. The survey by Grubb & Ellis Commercial Real Estate Services in Newport Beach raised hopes that the county's lingering real estate downturn may at least have leveled off. "This is very good news," said Tom Fillmore, research director for Grubb & Ellis.
February 20, 2001 |
Southern California commercial real estate is in fairly good shape to weather an economic slowdown but the era of soaring rents and plunging vacancy rates is over for now, said participants at an industry forecast conference. Vacancy rates remain extremely low in many areas, and, with a few notable exceptions, new construction has not outstripped demand, according to industry observers.