"Stable job growth has helped to reduce office vacancy rates and raise rents throughout the region," said Delores Conway, director of the Casden Forecast. "Lease renewals reflect the positive outlook of business owners across diverse industries. 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 holdings and lock in long-term revenue streams," Conway added.
