‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.
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This report was compiled by Times staff writer Donna K.H. Walters
COMMERCIAL REAL ESTATE: Cautious optimism may lead more Southern California firms to expand or move up into nicer digs, lowering vacancy rates and stabilizing rents. But office vacancy rates in the six-county region still will be too high for developers and lenders to wade into new projects.
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