Orange County Office and Industrial commercial real estate is stabilizing
Voit Real Estate Services has just released it’s latest 4th quarter 2009 commercial market reports for the office and industrial real estate sector. Voit’s 2010 Commercial Real Estate Market forecasts and a complete list of reports for Office, Industrial, Flex, R&D and Retail commercial real estate for Orange County, San Diego County, Riverside County and Las Vegas are available on www.voitcts.com. Click HERE to view the reports.
Highlights for the Orange County Office Market are:
Vacancy – Up
Net Absorption – Down
Lease Rates – Down
Transactions – Down
Construction – Up
While the above trend is similar to that witnessed in the 3rd quarter 2009, it is clearly slowing and we are still expecting the market to rebound in late 2010. A typical early indication of this is the increase in construction activity and the fact that asing lease rates are already rising on many of the more sought after Class B office buildings.
For more information or impartial advice on what Voit’s market data means for your business and how to take full advantage of the “Tenant’s Market” to reduce overhead and realign your real estate with your business plan, contact Stefan Rogers at 949.263.5362.
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