The Inland Empire and San Gabriel Valley office and industrial reports for the fourth quarter are completed. You can access them by clicking the links above.
Changes this quarter include a new 6 page Inland Empire Office layout and a new layout for the Los Angeles Basin Industrial report (to be posted later this week).
Essentially, all markets had a horrible quarter, which finished off a horrible year. For the West Inland Empire and the San Gabriel Valley industrial reports, 2008 was 4 quarters of negative net absorption and falling rents.
The landlord paradise that we have collectively been selling for the past few years is now a lie. It is a tenants market, even though the Los Angeles Basin vacancy rate is the lowest in the nation, it cannot live up to past expectations.
It was good while it lasted *sigh*
Tuesday, January 13, 2009
New 4th Quarter Market Reports!
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