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Los Angeles Times: Commercial real estate market improving, USC study says

Los Angeles Times: Commercial real estate market improving, USC study says

By Roger Vincent. The office and industrial real estate sectors continue to improve for Southern California landlords, a report said, but high office vacancy will remain common for the foreseeable future as businesses put more workers into less space.

December 09, 2012

The regional economy has strengthened the past year and enabled some businesses to hire more workers, according to USC's annual Casden office and industrial property forecast...

"We predict office market rents to stabilize in as little as six months, but a sustained recovery could be many years off," said Casden report author Tracey Seslen.

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Link: Los Angeles Times