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Negative Net Absorption Recorded In All Markets, Average Asking Rates Decline
Demand for industrial space in all markets of the Los Angeles Basin declined last quarter. Heavy declines were felt in the West Inland Empire and the San Gabriel Valley industrial markets which had -3 million SF and -2.1 million SF of negative net absorption, respectfully. Furniture companies and building material companies continue to struggle as the housing market continues to decline.
Contact Thomas Galvin at 909.605.9411.605.9400 for more information.
 INDLAB08Q2.pdf
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