Economic Trends in California Real Estate

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SoCal commercial vacancy rates moving on up in Q4 2024

SoCal commercial vacancy rates moving on up in Q4 2024

Commercial vacancy rates rose after 2023 and continue to rise in Southern California. While increasing vacancies cut into rental income and leasing fees, the absorption rate is worsening and shifting the source of leasing fees. Regions with the highest vacancy rates see the most occupancy of vacant space.

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