OC office market still weak

When the subprime market imploded a couple of years back, Orange County lost a bunch of big tenants - and things haven't been the same since. The numbers are still bad, but at least there are signs of stability. The third-quarter vacancy rate was 17.8 percent, according to Voit Real Estate Services (via the OC Register), down from 18.2 percent in the previous three months. Foothill Ranch had the highest vacancy rate; Dana Point the lowest. Also, the amount of space leased exceeded the amount vacated for the first time since early 2007.