Thursday, April 24, 2008

First Quarter 2008 San Gabriel Valley Indusrial Report

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

To View The Full Report: Click Here

No comments: