First Quarter 2008 West Inland Empire Industrial Report

Activity Continues To Slow In The West Inland Empire Industrial Market

MARKET OVERVIEW
After five consecutive quarters of very strong activity, sales and leasing continued to slow in Q1 2008 in the West Inland Empire industrial market. Sales and leasing activity totaled 2.9 million SF in the first quarter, similar to the level of activity seen in the last quarter but down significantly from 4.8 million SF in the first quarter of last year. Net absorption remained negative (-621,200 SF), a rare occurrence in this market. Reasons for this slowdown appear to include a sluggish economy and adjustment to above-average activity in previous quarters.




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