Momentum Continues After a Very Strong Quarter.

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Commercial real estate market in Los Angeles

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Momentum Continues After a Very Strong Quarter.

LET the good times roll. Capping off its healthiest year since L.A. emerged from recession in the early '90s, the commercial real estate market turned in a rousing fourth-quarter performance, with vacancy rates dropping and rents rising in most parts of Los Angeles County.

"Space is being leased out and there's an overall feeling that it's fun to be in real estate again," said David Thurman, a partner with Concorde Real Estate Partners. "There continues to be a lack of big blocks of space and the dot-coms continue to dominate."

Those who follow the market chalk up the impressive performance to several factors -- a strong national and regional economy, growth in the technology sector, continued demand for warehouse and distribution space, and relatively little new office construction.

While corporate downsizing and mergers have hit certain areas hard, most especially downtown, large corporation...

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