Commercial Real Estate: A weekly look at office and industrial real estate in the county.

EL TORO COMMERCIAL AND INDUSTRIAL REAL ESTATE As of Dec. 31, 1990. OFFICE BUILDINGS Existing Buildings Total square feet: 633,445 Vacant space: 95,468 Vacancy rate: 15.1% Monthly Lease Rates per Square Foot Existing Vacant Office Space Average: $1.57 Low: $1.30 High: $1.85 High-Tech/Research & Development Space Sale price per square foot Average: $94.33 Low: $93.00 High: $96.00 Lease price per square foot Average: $0.75 Low: $0.75 High: $0.75 Manufacturing/Warehouse Space Sale price per square foot Average: $85.67 Low: $82.00 High: $91.00 Lease price per square foot Average: $0.63 Low: $0.56 High: $0.65 Source: Coldwell Banker FOCUS: ALLERGAN R&D; FACILITY Allergan Inc., a maker of eye- and skin-care products, broke ground last month on a 153,000-square-foot research and development facility at its corporate headquarters in Irvine. The building, which can house up to 250 employees, is scheduled for completion in 1993. FACTS AND FIGURES Address: Dupont Drive, Irvine Architect: McMurry & Lyons/The Blurock Partnership General contractor: Turner Construction, Costa Mesa Number of floors: 3 Square feet: 153,000 Use: Office, laboratories Scheduled completion date: Mid-1993 Source: Allergan Inc.

INDUSTRIAL BUILDING PERMITS BY MONTH, 1990-91 (Dollar amounts are in thousands)

Year to Date June ’91 May ’91 June ’90 1991 1990 Residential $124,703 $165,248 $216,882 $614,600 $864,044 Industrial $2,566 $6,495 $7,361 $21,423 $45,934 Office $15,299 $14,528 $26,112 $93,119 $134,159 Retail $10,421 $28,562 $26,257 $68,304 $114,894

Source: Construction Industry Research Board