According to NAI Capital, the office market vacancy rate across Southern California was 10.2 percent in Q1, up 20 basis points over last year; however, the Inland Empire did not contribute to this rise.
The IE had the lowest vacancy rate in Southern California last quarter. The office vacancy rate in that market was 7.9 percent, down 100 basis points over Q1 2017.
Meanwhile, Orange County, Los Angeles and Ventura County all saw rising vacancies year-over-year: Orange County was up 80 basis points to 9.7 percent, Los Angeles was up 30 basis points to 11.3 percent, and Ventura County was up 80 basis points to 11.6 percent.
See chart above for SoCal office-market vacancy-rate trends for the last two years.