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L.A. County office market perks up as vacancy falls and rents rise
L.A. County office market perks up as vacancy falls and rents rise

Growing companies in Los Angeles County ramped up demand for office space in the fourth quarter, demonstrating that more businesses are confident about their prospects. The office market dipped in the recession and hit bottom about five years ago, but improvements afterward seemed to come grudgingly as shellshocked companies expanded their offices only with baby steps — until the second half of last year. "L.A. County is doing extremely well," Petra Durnin, managing director of research for Cushman & Wakefield, said of year-end office rental statistics. "I would say we are out of the wait-and-see recovery and in growth mode." The office market is a lagging...

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