December 7, 2005
Nicholas Yulico "Stable job growth has helped reduce office vacancy rates and raise rents throughout the region," said Delores Conway, director of the Casden Forecast , at a real estate meeting in Los Angeles held earlier this month. "Southern California office and industrial markets will continue to hold their value through 2006 thanks to a flood of capital from mutual funds, REITs and pension funds needing to diversify real estate holding and lock in long-term revenue streams."