I can appreciate that ARI is in a high barrier to entry market which does limit supply. But what about demand-we are in a global economy which is becoming more and more competitive. Can companies afford to do business in California? I'm from Texas-Does Southern California have a significantly lower cost of living than Northern California?
No, No VA would be cheaper but there are a lot of people in SoCal that are not moving anywhere and they need services provided by firms that need office space. It is costing more to do business in CA but a CA business isn't going to move to VA if its business base is in CA.