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2009: End of a Year Gone Bad
The Los Angeles Basin industrial market reported negative 26.8 million SF of negative net absorption for the year, the worst year on record in terms of industrial demand. The market has continued to self correct, with average asking rental rates for the region down $0.01 over the previous quarter to end at $0.44 NNN PSF for the year. Sales prices also declined, down $3 PSF to now stand at $99 PSF for the region. This is the first time that average sales prices have been below the $100 mark since Q4 2005.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDLAB09Q4.pdf
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