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Activity Surges As Vacancy Rate Moderates
Industrial conditions in the West Inland Empire are continuing to bottom out, the vacancy rate increased by a mere 0.3% over the previous year and average asking rental rates have only declined $0.01 PSF. Absorption for the fourth quarter totaled negative 438,900 SF, the ninth consecutive quarter of negative net absorption. However, this was the smallest level of space-givebacks since the recession that began in the fourth quarter of 2007. In all, absorption totaled negative 4.3 million SF in 2009, almost half the level experienced in 2008.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDWIE09Q4.pdf
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