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Market Correction Continues: Demand Slumps and Rents Decline
A global economic slowdown and a national recession have taken its toll on America’s largest port and the inland distribution network that supports it. In May, combined port volume was down 18% over the previous year, severely affecting demand for the discretionary cargo that passes through the East Inland Empire and onto the rest of the country. The region continues to face shrinking industrial demand, registering 1.18 million SF of negative net absorption this quarter.
Contact Thomas Galvin at 909-937-6309 for more information.
  INDEIE09Q2.pdf
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