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Sales And Leasing Activity Accelerates But Industrial Demand Continues To Falter
The Los Angeles Basin industrial market continues to suffer large losses as 6.6 million SF of industrial space was returned to the market vacant in Q3. The losses were largest in Central Los Angeles, San Gabriel Valley and the East Inland Empire. By contrast, net absorption has continued to improve in the West Inland Empire and the South Bay. If present conditions persist, these markets may start reporting positive absorption figures by the end of the year. The conventional wisdom has been that demand would begin in the most desirable markets first before proceeding to secondary markets.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDLAB09Q3.pdf
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