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California's commercial markets.(REAL ESTATE)
Kiplinger California Letter, The, June, 2005
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Southern Calif. is one of the hottest U.S. commercial markets. The L.A. area's industrial vacancy rate is 2.2%, thanks to trade with Asia. In the Inland Empire, it's 3.6%, and in Orange County, 5.6%. Office vacancies are at 6.8% in Ventura County, 8.4% in the Inland Empire and 9.4% in Orange County. Rents are likely to go up in those areas.
Northern Calif. isn't doing nearly as well. San Jose's vacancies have dropped but are still near 14%. In Oakland, they're 15.5%.
An online tool pinpoints potential sites for infill development, with precise locations of housing, retail, office and industrial space. View the locator online at http://drake.gisc.berkeley.edu/infill.
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