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Article: ORANGE COUNTY OFFICE MARKET POSTS LOWER VACANCY RATE AND HEALTHY ABSORPTION IN THIRD QUARTER, REPORT REVEALS
- Article from:
- PR Newswire
- Article date:
- October 15, 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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ORANGE COUNTY OFFICE MARKET POSTS LOWER VACANCY RATE
AND HEALTHY ABSORPTION IN THIRD QUARTER, REPORT REVEALS
ORANGE, Calif., Oct. 15 /PRNewswire/ -- Despite the stalled economy, the Orange County office market posted healthy absorption and a decrease in the vacancy rate during the third quarter of 1992 as tenants moved to take advantage of attractive rental rates, according to a report released today by Grubb & Ellis Commercial Real Estate Services.
Witn?o new office space under construction and continued positive absorption, the office vacancy rate in Orange County continued its downward trend, falling to 21.2 percent in the third quarter, down nearly a ...