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Sales & Leasing Activity Increases, Absorption Still Negative
Sales and leasing activity remained fairly strong in the West Inland Empire industrial market with 3.9 million SF of space trading hands. This is the highest level of industrial activity seen since Q4 2007 when the recession officially started. Net absorption totaled negative 1.65 million SF, the smallest amount of space givebacks in nearly two years.
The vacancy rate increased 50 basic points from 10.1 percent last quarter to 10.6 percent this quarter, the smallest increase in the total vacancy rate since the third quarter of 2007. The majority of the total available space currently on the market, 24.6 million SF out of a total of 32.3 million SF, was in industrial space larger than 100,000 SF.
Contact Thomas Galvin at 909.937.6309 for more information.
  INDWIE09Q2.pdf
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