Less for Lease

The quarterly vacancy rates for commercial real estate in Orange County continued a steady decline during 1994. Average lease rates are for full-service facilities, which include maintenance, security and other amenities.

Average Rates*

4th quarter, 1991: $1.57

4th quarter, 1994: $1.45

* Per square foot

Vacancy Rates

4th quarter, 1991: 22%

4th quarter, 1994: 16.1%

Source: CB Commercial