| |
|
AVAILABILITY JUMPS, YET VACANCY RATES REMAIN
LOW
Available space increased to 6.0% in Q1 2008, from 4.7% last quarter; yet
vacancy rates remained very low in the Central Los Angeles industrial market
-- just 3.2%. Rental rates were flat during the quarter, and average
sale prices were down slightly. Sales and leasing activity was up
somewhat over last quarter, and net absorption was slightly negative (-23,600).
Construction activity decreased to 825,000 SF, and continues to lag projected
demand. Even though availability has increased, the market is projected
to remain very tight throughout 2008. Firms in the area will continue
to have problems finding space that meets their exact needs.
Contact Michael Gold at 213.532.3247 for more information.
  INDCLA08Q1.pdf
Email Report Link To Your Friend
|
|