REAL ESTATE
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Office construction in Orange County slowed enough through the first half of the year that vacancy rates dropped from 19.4% to 18%, according to the Newport Economics Group, a real estate consultant.
Tenants rented 2.6 million square feet of space during the first half, up 55% from the first half of 1988, said Robert Dunham of the Newport Beach group.
While the economy is slowing nationally and in Southern California, Dunham said, there is still a lot of movement among tenants locally, especially since landlords are offering very attractive deals to tenants who will move into their vacant buildings.
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