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Demand Remains Low Despite Uptick In Sales & Leasing Activity
Demand remained low as net absorption totaled negative 1.5 million SF for the quarter. The vacancy rate is bordering on double digits at 9.8 percent, the highest rate in over a decade. Reasons for this lowered industrial demand include a rapidly rising local and national unemployment rate as well as drastic declines in port volume as import velocity slows to a rickle. The Inland Empire is the nation’s distribution hub for Asian imports and as the American appetite for foreign product dwindles, so too does regional industrial demand.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDWIE09Q1.pdf
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