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Office Vacancies Continue to Climb

ORANGE COUNTY, CA-Vacancy rates in the county's office and flex-tech sector jumped to 17.31% at the end of fourth quarter 2001, according to a recently published report by Lee & Associates. Office vacancy levels here have more than doubled since fourth quarter 2000.

By Erin Cassin | Updated on January 18, 2002

ORANGE COUNTY, CA-The recession continues to take its toll on the office sector here, as a new report shows that vacancy rates are on the rise.

The recently published Lee & Associates report says that vacancy rates in the county’s office and flex-tech sector rose to 17.31% at the end of fourth quarter 2001. The figure reflects an increase of more than 2% from the third quarter, when rates were 15.11%. This increase also marks a significant jump from fourth quarter 2000, when office vacancy levels stood at 7.92%.

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