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SALES AND LEASING ACTIVITY DOWN IN THE SOUTH BAY INDUSTRIAL
MARKET
Despite the slowdown in the regional economy in the first quarter of 2008,
lack of construction activity and strong demand for industrial product
caused the total vacancy rate to decrease to just 2.8% in the South Bay
industrial market. Average asking rental rates remained flat from year-end
2007 and average sales prices per SF climbed to $114 PSF, up 6.0% over
a year ago.
Construction activity has picked up, but continues to lag demand. The market
is projected to remain tight into the foreseeable future.
Contact Michael Soto at 213.532.3220 for more information.
  INDSB08Q1.pdf
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