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Activity Continues To Slow In The Inland Empire Industrial Market
Sales and leasing activity remained low in the second quarter of 2008 (only 2.9 million SF), far below the average of 6 million SF of activity per quarter witnessed from 2004 to 2007. Net absorption turned strongly negative (-3 million SF), a rare occurrence in this market but a deepening of the trend witnessed last quarter which had -1 million SF of net absorption. Reasons for this slowdown include a sluggish economy, adjustment to above-average activity in previous quarters, continued increases in supply and higher operating costs brought on by higher gasoline and diesel prices.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDWIE08Q2.pdf
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