Skip to content
GM Properties
Buying, selling, leasing properties
GM Properties
  • Services
    • Property Management
    • Asset Management
    • Brokerage – Leasing
    • Brokerage – Sales
    • Trustee Services
    • Net Lease Services
  • Properties
  • About Us
  • News
  • Careers
  • Contact
  • Owner Login
  • Tenant Login
  • Services
    • Property Management
    • Asset Management
    • Brokerage – Leasing
    • Brokerage – Sales
    • Trustee Services
    • Net Lease Services
  • Properties
  • About Us
  • News
  • Careers
  • Contact
  • Owner Login
  • Tenant Login

Vacancy Tax Bill SB 789 Defeated in Senate Appropriations Committee

NewsBy Juliet ParsonsApril 18, 2025

California Senate Bill 789 proposed a statewide Commercial Vacancy Tax of $5 per square foot annually on unoccupied commercial spaces. The bill was defeated in the Senate Appropriations Committee and will not advance in 2025—a relief for property owners already navigating prolonged vacancies amid shifting market conditions.

GM PROPERTIES

Building Performance

SERVICES

Property Management
Asset Management
Brokerage – Leasing
Brokerage – Sales
Trustee Services
Net Lease Services

LEARN MORE

Properties
About Us
News
Careers
Terms of Use & Privacy

CONTACT

13305 Penn St., Suite 200
Whittier, CA 90602

562-697-5000

info@gmpropertiesinc.com

© 2025 GM Properties. All rights reserved.

Website by Playa Creative
Go to Top