ORANGE COUNTY, CA-The vacancy rates for low-rise offices in Orange County has increased to 15.8% in Q2 2010 from 15.6% in Q1 2010 and 13.8% in Q2 2009. However, there was a fall in the overall office vacancy rate to 18.4% in Q2 2010 from 18.4% in Q1 2010, and it is the first positive absorption since 2008.
The asking lease rate also fell to $1.96 in Q2 2010 from $1.99 in Q1 2010 and $2.17 in Q2 2009. For the full story, go to Orange County Business Journal.
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