In some areas of Southern California, office space vacancy rates have risen to 30%.

SOme landlords have started to offer whole years rent free to entice tenants.

In Los Angeles County vacancy reached 14.3% in Q1, and a similar pattern is expected to continue state-wide for the next year.

This entry was posted on Wednesday, April 22nd, 2009 at 9:20 am and is filed under Commercial Property Leasing, US Office Marketplace. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.