From Calculated Risk:
Voit released quarterly reports today for CRE in Las Vegas, San Diego and Orange County. The reports show the vacancy rates are up, and lease rates (falling rents), net absorption, transactions and construction are all down. It appears new construction has all but stopped. Here are a couple of graphs for Orange County and San Diego. We are seeing a similar pattern nationwide, although new construction in these areas probably slowed earlier than most of the country. …
More on Office Vacancy Rates and New Construction
