A Glut Of Office Space In Orange County

Orange County's largest commercial property owner has slashed rents by as much as 20% to prevent a market slump.

1 minute read

May 24, 2001, 8:30 AM PDT

Rising vacancies and slowing demand have caused Irvine Co. to reduce its rent. Irvine Co. is considered a bellwether for the Orange County commercial market. At the same time, developers are expected to complete about 3 million square feet of new construction.

Thanks to Gwenn Hilburn

FULL STORY: Irvine Co. Slashes Some Rents 20%

Wednesday, May 23, 2001 in The Los Angeles Times

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