Southern California's Tech Space Shakeout

Southern California's commercial real estate market has taken a beating by the technology slump.

1 minute read

August 26, 2001, 9:00 AM PDT

"The former center of gravity for many of the region's Internet-fueled businesses is becoming a ghost town of unused high-tech property. As landlords are cushioned comfortably with lines of credit, capital-drained companies are scrambling to dump or sublease prime office space--desperately offering an array of free incentives, from a fortune in furniture and technical equipment to luxurious Polynesian vacations... 'In late 1999 a space at a well-known property on the Westside was basically $3.75 to $4 a square foot, and right now it's subleasing at $1.80 including furniture and equipment,' says Matthew Miller of Cresa Partners, a Westside-based brokerage."

Thanks to LARTA News

FULL STORY: Tech Space Shakeout

Saturday, August 25, 2001 in Los Angeles Regional Technology Alliance

Housing California

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Learn More

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.