Less for Lease
The quarterly vacancy rates for commercial real estate in Orange County continued a steady decline during 1994. Average lease rates are for full-service facilities, which include maintenance, security and other amenities.
Average Rates*
4th quarter, 1991: $1.57
4th quarter, 1994: $1.45
* Per square foot
Vacancy Rates
4th quarter, 1991: 22%
4th quarter, 1994: 16.1%
Source: CB Commercial
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