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Inland Empire Office Market Still Waiting For A Bottom
After a year of seeing the vacancy rate jump by 500 basis points, the vacancy rate has begun to moderate for the Inland Empire office market, increasing only 20 basis points in the 4th quarter quarter to end at 18.6%.
This marks the 8th consecutive quarter of rising vacancy rates, although it appears that the vacancy rate is beginning to show signs of stability. Weighted average asking rental rates have declined $0.02 to end the year at $1.93 Full Service Gross (FSG)
Contact Thomas Galvin at 909.937.6309 for more information.
  OFFIE08Q4.pdf
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