Real Estate Trends
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Office Vacancies
After a year of falling vacancies, fourth-quarter statistics show a slight increase in available office space in Los Angeles County, while the Orange County market continues to grow tighter.
Los Angeles County
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Date Vacancy rate Vacancy with sublet Total January 15.4% 1.6% 17.0% April 15.4 1.7 17.1 July 15.0 1.8 16.8 October 14.9 1.7 16.6 Current 15.1 1.6 16.7
Date Absorption, in square feet January 586 April 312 July 627 October 248 Current --358
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Orange County
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Date Vacancy rate Vacancy with sublet Total January 13.0% 1.1% 14.2% April 12.0 0.9 13.0 July 11.4 1.1 12.5 October 10.7 1.3 12.0 Current 10.1 1.1 11.2
Date Absorption, in square feet January 835 April 869 July 444 October 541 Current 427
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Note: Vacancy rate is the total vacant square footage divided by total rentable square footage in all existing buildings. Sublet space is being rented by primary tenants but is vacant and available for sublease. Net absorption is total office space leased, less absorption. Figures have been rounded.
Source: CoStar
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