Overview: L.A.’s vacancy rate kept dropping in the second quarter, as markets tightened in Burbank, Glendale and many parts of the Westside.
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Results: A comprehensive look at second-quarter commercial real estate activity in Los Angeles.
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Top Spots: Picking the right office building is more than location, location, location. Often, amenities like dry cleaners and gyms are what tenants go for.
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Profiles: The Business Journal scrutinizes tenant rosters, lease rates, architectural designs and prices to come up with 20 of the most prestigious business addresses in town.
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Downtown: The office vacancy rate has improved but progress remains slow in turning around downtown L.A.
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Westside: A two-year renaissance continues as Santa Monica, Westwood, Beverly Hills and Century City all post vacancy rates in the low teens.
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Wilshire Corridor: Leasing activity remains fairly slow, but things are likely to get busy very soon.
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South Bay: A rebirth is taking place in the area’s office and industrial sectors and it’s not coming from aerospace.
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Mid-Cities: Speculative construction continues in the industrial and office sectors, making Mid-Cities one of the hottest markets in Southern California.
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Tri-Cities: Office vacancy rates in Burbank, Glendale and Pasadena have dropped to the single digits over the past year.
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San Gabriel Valley: Developers’ dilemma: How to squeeze out more space despite the shortage of large parcels of vacant land.
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Inland Empire: The booming market for big box industrial space keeps drawing developers to the area.
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San Fernando Valley: Some major tenants have announced plans to relocate but they’re not really going anywhere.
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Ventura County: Old properties are being snapped up as the market improves.
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North L.A. County: “No vacancy” is what faces companies looking for space in the Santa Clarita Valley.
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