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Asking Rental Rates Decrease As Market Slump Continues
A global economic slowdown and a national recession have taken its toll on America’s largest port and the inland distribution network that supports it. In February, combined port volume was down 36% over the previous year, severely effecting demand for the discretionary cargo that passes through the East Inland Empire and onto the rest of the country.
The region continues to face shrinking industrial demand, registering 1.7 million SF of negative net absorption this quarter. In addition to slumping demand, buildings continue to be completed and added to the market vacant.
Contact Thomas Galvin at 909.963.7309 for more information.
  INDEIE09Q1.pdf
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