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Vacancy Rate Increases Despite Large Bank Lease This Quarter
Despite a 102,500 SF lease this quarter from Cathay General Bancorp, office vacancy rates continued to rise in the San Gabriel Valley. Net absorption was negative 66,100 SF, a slight improvement over negative 72,100 SF in the previous quarter. A higher portion of this vacant space is sublet space, which on average is 40 cents cheaper than direct vacant space.
Contact Thomas Galvin at 909.937.6309 for more information.
  OFFSGV08Q2.pdf
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