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Market Still Looking For A Bottom
The pace of space givebacks has accelerated in the third quarter of this year with the total industrial vacancy rate increasing 120 basis points to currently stand at 5.7%. Net absorption totaled an astounding negative 2.4 million SF for the quarter, bringing the total net absorption for the year
to negative 4.3 million SF, already the worst year on record for the Central Los Angeles industrial market.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDCLA09Q3.pdf
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