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Saturday, Mar 2, 2024

Southern California office market is hammered by recession

Layoffs, tight credit and other fallout from the troubled economy have battered Southern California’s office market, leading to vacancy rates as high as 30% in some areas. The pain is expected to continue for months, if not years, with vacancies rising even as the economy shows modest signs of recovery, according to industry observers tracking activity in the first quarter. For the full story click here

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