RIVERSIDE, CA—GlobeSt.com received an advanced copy of theLee & Associates' Riverside office reportshowing the office market continuing its slow and steadystabilization with projected growth on the horizon. According tothe firm, the region saw both positive absorption and decreasedvacancy.

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“This is a very promising report and shows that the InlandSouthern California office market continues to grow marking itsfourth consecutive year of positive net absorption in 2013, with2014 expected to do the same,” says David Illsleyof Lee & Associates Riverside.

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With net absorption in the region totaling almost 262,000 squarefeet year-to-date, vacancy rates dipped region-wide to 17.3% as thehousing market continues to recover and new residential developmentcommences. The report, which was prepared by CarolinePayan, director of marketing and research of Lee'sRiverside office, also shows that absorption will continue to bedriven by an increase in employment and the lack of newconstruction in the marketplace.

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Large blocks of contiguous space continues to be scarce withonly 26 properties in the market offering contiguous space over20,000 square feet. This trend is expected to continue throughoutthe remainder of 2014. The report also showed:

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• The Ontario and Riverside markets posted positive absorptionthrough mid-year 2014.

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• Class A and B properties continue to decline in vacancy.

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• Class B Properties continue to show significant strength, withover 160,000 square feet absorbed year-to- date.

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• Vacancy rates remain steady in class C properties.

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• Government and healthcare users remain largely active,absorbing blocks of space over 30,000 SF.

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• Velocity in the submarkets neighboring Orange and Los AngelesCounties is starting to increase, indicating that the gradualreturn of the job and housing markets in those areas is expandingto the Inland Empire.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.