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Real Estate Briefing - Categorized | Commercial property Watch, Market Moves more

California: Commercial real estate market improving, USC study says

Posted on 10 December 2012

The office and industrial real estate sectors continue to improve for Southern California landlords, a report said, but high office vacancy will remain common for the foreseeable future as businesses put more workers into less space.
The regional economy has strengthened the past year and enabled some businesses to hire more workers, according to USC’s annual Casden office and industrial property forecast. That has resulted in higher occupancy and rising rent for industrial buildings, while office landlords are seeing rising occupancy and smaller declines in the amount of rent they can charge………………………………………..Full Article: Source

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