Office Vacancy Rates Fall in 2nd Quarter

Office vacancy rates in Ventura County fell to 23.5% from 24.4% in the second quarter, according to a survey by CB Commercial Real Estate Group.

Oxnard had the county’s highest office vacancy rate at 29%, while Westlake Village had the lowest at 16.9%, the survey said.

Industrial vacancies countywide fell to 13.2% from 14.3%. Newbury Park had the highest industrial vacancy rate with 24.2%, according to CB.

The county’s retail vacancies rose to 8.4% from 7.9%.