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Total Availability Jumps By Largest Margin Since 2001 to 8.9%
As the economy copes with its hangover from the credit binge that helped drive up industrial asset values over the past decade, the Central Los Angeles industrial market remains exposed to further weakness in the overall economy, exemplified by the worst single quarter of net absorption since Q1 2001. The 1st quarter ended with -727,200 SF of net absorption, contributing to a 40
basis point rise in total vacancy to 4.0%. It’s estimated that over 3,000,000 SF of industrial space became available this past quarter which is curbing any hopes of an early market recovery.
Contact Evan Parry at 213.532.3247 for more information.
  INDCLA09Q1.pdf
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