The office and business of real estate sectors continue to pick up for Southern California landlords, a statement said, but high office vacancy will remain general for the foreseeable future as businesses put extra workers into fewer space.
The regional economy have strengthened the past year and enabled some businesses to employ more workers, according to USC’s annual Casden office and industrial property auction forecast. That has resulted in superior occupancy and increasing rent for industrial buildings, while office landlords are considering rising tenancy and smaller declines in the quantity of rent they can charges.
The regional economy have strengthened the past year and enabled some businesses to employ more workers, according to USC’s annual Casden office and industrial property auction forecast. That has resulted in superior occupancy and increasing rent for industrial buildings, while office landlords are considering rising tenancy and smaller declines in the quantity of rent they can charges.