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West valley''s strength helps market maintain equilibrium. (Real Estate Quarterly -- San Fernando Valley).

Publication: Los Angeles Business Journal
Publication Date: 15-APR-02 		Format: Online - approximately 787 words
Delivery: Immediate Online Access
Full Article Title: West valley''s strength helps market maintain equilibrium. (Real Estate Quarterly -- San Fernando Valley).(San Fernando Valley prices and rates for office space)(Brief Article)

Article Excerpt
THE San Fernando Valley's office market began to settle down in the first three months of the year, with vacancy rates up slightly and rental rates down a bit. And while the amount of absorbed space continued to be in negative territory for the second consecutive quarter, the gap narrowed considerably.

But real estate brokers don't expect big changes anytime soon. A sense of "equilibrium" -- a favorite word these days -- is taking hold over much of the valley. "Last quarter was just sort of a calm, quiet period with very few players," said Jerry Katell, president of Katell Properties. "We're starting this quarter to see a stirring of interest, but it's still nothing like it...

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