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High Expectations for Tech Sector

Published Thursday, January 01, 2004

Silicon Valley office landlords are still wincing from the sweeping technology bust that emptied their buildings in 2001 and 2002 as quickly as the technology boom absorbed space during the late 1990s. Despite their wariness of tech tenants, Southern California landlords think the tech sector will spark another leasing rebound — this time on their own turf. A 2004 Casden Real Estate Economics Forecast published by the University of Southern California concludes that the downfall of the Orange County office market in 2001 and 2002 was its reliance on telecommunications, high tech and business services. But it has ...

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