IMPROVING TREND: There are still too many...
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IMPROVING TREND: There are still too many vacant offices in the San Fernando, Santa Clarita, Conejo and Simi valleys, as far as commercial real estate owners are concerned. . . . about 18.5% of them. But they are filling up slowly, in part because some landlords are reducing rents to attract tenants. See Valley Business, page 9.
Filling Up
The office vacancy rate in San Fernando, Santa Clarita and Simi valleys is declining. Q1 ‘92: 22.0% Q2 ‘92: 21.0% Q3 ‘92: 20.4% Q4 ‘92: 20.1% Q1 ‘93: 18.5% Source: Cushman & Wakefield of California Inc.
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