Southern California office lease market shows signs of a recovery
April 17, 2011
By: Roger Vincent

After three years of decline in the office leasing business, the worst is over, landlords and brokers said.

Companies that hunkered down during the economic slump may not be doing much hiring yet, but many were confident enough about their futures to sign office leases in the first quarter, brokers said. In addition, attractive rental terms spurred deals across Southern California.

"The general feeling is that we have arrived at a plateau and things have become more predictable," said broker Mark Sullivan of Studley. "And when things are predictable, you tend to see more activity."...

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