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Article: WEST LOS ANGELES OFFICE MARKET GAINS MOMENTUM IN SECOND QUARTER, MID-YEAR REPORT REVEALS
- Article from:
- PR Newswire
- Article date:
- July 20, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WEST LOS ANGELES OFFICE MARKET GAINS MOMENTUM
IN SECOND QUARTER, MID-YEAR REPORT REVEALS
LOS ANGELES, July 20 /PRNewswire/ -- The West Los Angeles office market recorded a strong second quarter with healthy absorption and vacancies down from the previous quarter, according to a mid-year report released today by Grubb & Ellis Commercial Real Estate Services.
The vacancy rate for the West Los Angeles office market stood at 18.4 percent as the second quarter ended, down from the previous quarter's 19.1 percent and up slightly from the 18.0 percent recorded for the same period a year ago.
"We're seeing a consistent pattern of strengthening in ...