Commercial real estate follows slumping homes

A slumping national economy has finally caught up with Ventura County's commercial real estate market.
According to a midyear report released earlier this month by Camarillo-based CB Richard Ellis, vacancy rates for retail, office and industrial space throughout the county are up in the second quarter of 2008 as compared to the same time last year.
The subprime mortgage meltdown and rising gas and food prices have begun to take their toll on the county's commercial real estate, a ma...

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