Vacancy Rates Begin To Ease, Average Asking Rental Rates Continue To Increase
Average asking rental rates have increased 4.2%, or $0.02, over the previous quarter to end at
$0.60 NNN PSF. Vacancy rates for the San Gabriel Valley have remained very low, ending at 1.6% for the quarter, slightly above 1.3% from the previous quarter. Average sale prices per SF for Q1 2008 have declined 5%, or $6 PSF, from the previous quarter to end at $117 PSF, down from $123 in Q4 2007. Demand for industrial space within the San Gabriel Valley remains exceptionally high and low vacancy rates continue to put upward pressure on rents
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