Real Estate/Development
Jan. 2, 2000
UPDATE Burbank/Glendale/Pasadena
By Ronald McNees In the past, Pasadena has taken a back seat to Burbank and Glendale, but increasing rental rates there are beginning to support the development of additional office space.
By Ronald McNees
In the past, Pasadena has taken a back seat to Burbank and Glendale, but increasing rental rates there are beginning to support the development of additional office space.
Pasadena's leasing activity over the past year led to a 7.4 percent overall vacancy rate at the end of the third quarter, says William R. Boyd Jr., senior vice president, Grubb & Ellis. The vacancy rate was down 5 percent from third quarter 1998.
Pasadena contains 5...
In the past, Pasadena has taken a back seat to Burbank and Glendale, but increasing rental rates there are beginning to support the development of additional office space.
Pasadena's leasing activity over the past year led to a 7.4 percent overall vacancy rate at the end of the third quarter, says William R. Boyd Jr., senior vice president, Grubb & Ellis. The vacancy rate was down 5 percent from third quarter 1998.
Pasadena contains 5...
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