homesmillbrae.com » Pockets http://homesmillbrae.com Thu, 20 Oct 2022 03:48:43 +0000 en hourly 1 http://wordpress.org/?v=3.1 Sand and Surf Help Spur Real-Estate Revival http://homesmillbrae.com/488/sand-and-surf-help-spur-real-estate-revival/ http://homesmillbrae.com/488/sand-and-surf-help-spur-real-estate-revival/#comments Wed, 16 Mar 2011 06:16:40 +0000 http://homesmillbrae.com/488/sand-and-surf-help-spur-real-estate-revival/ Continue reading →]]> BY JIM CARLTON

SANTA MONICA, Calif.—Office occupancy rates in this seaside city have soared in an otherwise lackluster Los Angeles market, fueled by an entertainment-industry expansion. The move is part of an uneven recovery in the property market benefiting certain pockets of cities and metropolitan areas.

Santa Monica’s office-vacancy rate fell to 11.5% in the fourth quarter, from 14.3% in the same period a year earlier, while vacancies for overall Los Angeles County remained at a recessionary peak of 17%, according to estimates by Grubb Ellis Co., a real-estate-brokerage firm based in Santa Ana, Calif.

Santa Monica’s vacancies peaked at 16.2% in …

Article source: http://online.wsj.com/article/SB10001424052748703566504576202653863244690.html

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