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Office Vacancy Rate Surges As Major Tenant Leaves Market
The total vacancy rate has increased from 11.8% last quarter to end at 15.2% for the current quarter.
Most of this rise is attributable to Countrywide Home Loans vacating 247,700 SF of space in Rosemead which is located in the West San Gabriel Valley Submarket.
This large space giveback has only added to the problems of the region, which has had a tough time attracting and retaining tenants
Contact Thomas Galvin at 909.937.6309 for more information.
  OFFSGV09Q1.pdf
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