LA Biz Observed
 
Bio • Email • Archive
 

 

Having a tough time finding affordable office space? Join the club. Orange County has a 7 percent vacancy rate, among the lowest in the nation, while rental rates jumped almost 13 percent in the second quarter, to $2.47 per square foot per month. That's causing some companies to reconsider growth plans. Kurt Strasmann, regional managing director with brokerage Grubb & Ellis Co., tells the OC Register that there's a temptation to say "I don't want to pay that, let's look at what other options are available." But that's the point - for Class A office buildings, prices are high all over Southern California.

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
2:25 PM Fri | Martin Gomez, the head librarian for Los Angeles since 2009, will become vice dean in the USC Libraries on April 2.