Commercial Vacancy Rate Figures Mixed

Ventura County’s office vacancy rate dipped slightly in the third quarter, but industrial and retail vacancies rose.

The latest office rate, 22.6%, compares to 22.7% in the second quarter and 24.9% a year ago, according to a study by the Oxnard office of Grubb & Ellis Commercial Real Estate Services.

Industrial vacancies amounted to 12.7% in the latest quarter, up from 12.5% in the previous three months but below the 15% of the third quarter of 1992.

Retail vacancies stood at 9.4% in the third quarter, up from 9.2% in both the second quarter of this year and the third quarter of 1992, the report said.