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Vacancy and Availability Continues to Rise
Despite Increase in Sales & Leasing Activity
The South Bay industrial market has ended a year of continuously increasing vacancy rates and declining lease rates. Over the previous 12 months the vacancy rate decreased from 3.7% at the beginning of 2009 the year to end at 5.7%, the highest vacancy rate in over seven years. Over this same time period, average asking lease rates decreased from $0.67 NNN PSF in Q1 2009 to end the year
at $0.57 NNN PSF. There have been 5 straight quarters of declining asking rental rates.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDSB09Q4.pdf
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