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.
April 4, 1996 |
Orange County office vacancy rates rose slightly during the first three months of 1996, a sign that the commercial real estate market is not recovering as quickly as expected, according to data released Wednesday by CB Commercial Real Estate Group. While Irvine showed strong improvement as vacancies declined in buildings near John Wayne Airport, a sharp increase in empty office space in the Santa Ana Civic Center and areas of Anaheim helped boost countywide vacancy rates.
July 14, 2006 |
Los Angeles County's office market continued to tighten in the second quarter as business expansions pushed up rents and lowered vacancy rates, particularly on the Westside, according to data released Thursday. The steadily tightening market is putting growing financial pressure on firms planning to expand, real estate industry observers said.
CALIFORNIA | LOCAL
May 29, 1999 |
The search for an apartment in the San Fernando Valley has become the toughest on record, with rent increases bound to follow, according to a research report by a leading investment brokerage. Vacancy rates have been spiraling downward as the economy hums, reaching 5.5% in April in the Valley and adjoining Glendale/Burbank/Pasadena areas, according to the Marcus & Millichap Real Estate Investment Brokerage Co.
December 31, 1992 |
Take lease prices that can't go much lower. Add the fact that not a single new office building was born in Orange County this year. The result is more or less good news: a decrease in vacancy rates. The office vacancy rate for the fourth quarter is 20.2%, down from 21.7% for the same period last year, according to statistics released Wednesday by CB Commercial Real Estate Group Inc. That change of 1.
January 10, 1992 |
John Davidson apologized for his tardiness at a Grubb & Ellis conference Thursday with an excuse that all his fellow brokers could understand. "Sorry for being late," Davidson said. "I was on the phone with a tenant (and prospective client). That doesn't happen a lot these days." Though the excuse won a chuckle from his colleagues, their laughter was bittersweet. The brokers had gathered at Grubb & Ellis' office here for a summary of the industry's performance in 1991. The news was not cheery.