October 13, 2008
..."I expect vacancy rates to increase next year as a result of the spillover effects from the financial services industry," said Delores Conway, an economist and professor with the University of Southern California's Lusk Center for Real Estate. "But they aren't going to be as high as they were during the 1990s recession."
Conway estimates that the meltdown will hit San Diego in the next three to six months and last through the middle of 2009...