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Rents Fall, Sales Prices Plunge As Vacancy Rates Continue To Rise
The lingering US recession and global economic slowdown continue to dampen industrial demand in the East Inland Empire. In August, combined port volume was down 17% over August 2008, 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 1.3 million SF of negative net absorption this quarter. The industrial vacancy
rate currently stands at 23.3%, up from 22.1% in the previous quarter.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDEIE09Q3.pdf
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