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Santa Clarita leads way in area office rent increases.

Publication: San Fernando Valley Business Journal
Publication Date: 23-OCT-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Santa Clarita leads way in area office rent increases.(Real Estate)

Article Excerpt
Companies will be digging a lot deeper into their pockets as they renew office leases in the greater San Fernando Valley area.

Rents for the third quarter in class A office buildings have jumped 6 percent overall throughout the greater Valley compared to the same period last year, with some submarkets seeing double digit increases, according to a just-released report by Grubb & Ellis.

The average asking rent in the third quarter was $2.48 per square...

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