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Four Quarters Of Negative Net Absorption; Global Recession Takes Its Toll
Economic concerns have weighed heavily on the Los Angeles industrial market in 2008. Port volume is projected to be 15.3 million TEU’s in 2008, a 7.1 percent decrease from 2007 and the lowest levels seen since 2004. Declining imports, decreased consumer demand, business contraction and consolidation, oversupply issues in the Inland Empire and the increased cost associated with the Clean Truck Program and proposed port container fees are all stumbling blocks impeding a recovery for the nation’s largest industrial market.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDLAB08Q4.pdf
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