Voit Report: Inland Empire Industrial Market Has Positive Absorption for Eight Consecutive Quarters; Office Market Positive for Six Consecutive Quarters

Jerry Holdner

                Inland Empire, CA – Voit Real Estate Services reports Vacancy and Availability in Industrial Market Reach Pre-Recession Levels.

The Inland Empire industrial market took significant strides toward continued improvement in the second quarter of 2015 with eleven straight quarters of positive absorption, a 5 percent increase in asking lease rates, and significant drops in both vacancy and availability compared to this time last year.

“Overall in the Inland Empire industrial market over the last five years, vacancy and availability have decreased over 50 percent,” explains Jerry Holdner, Vice President of Market Research at Voit.  “The substantial decreases in vacancy and availability are contributing to the gains in asking lease rates and higher occupancy costs.”

  Industrial vacancy and availability continued trending downward throughout 2015. Vacancy ended the second quarter of 2015 at 4.74 percent, a decrease of 18.42 percent from 2014’s second quarter. 

 This is notable, since 25.2 million square feet of new product has been delivered to the market over the past six quarters.  Likewise, availability posted a rate of 5.52 percent at the close of the quarter, a decrease of almost 27 percent from a year ago.

For a complete copy of the company’s news release, please contact:

Jessamyn J. Miller | Director of Marketing

Voit Real Estate Services

2020 Main Street, Suite 100 | Irvine, CA 92614

T (949) 566-6422 | C (949) 929-7147

jjmiller@voitco.com | www.voitco.com

Voit Real Estate Services, Broker License #01333376