Ryan Spradling (L) and Bryce Aberg (R)

The industrial market in San Diego rebounded in the second quarter, following slow leasing activity at the start of the year. According to recent research from Cushman & Wakefield, the market has 632,000 square feet of positive net absorption in the second quarter, making it the strongest quarter leasing activity in the last three years. As a result, occupancy gains in the first half of the year topped the first half of both 2017 and 2016. Most of the occupancy gains were driven by new construction deliveries, however, industrial vacancy rates for the quarter inched up nominally 10 basis points to 4.9%.

“While distribution users absorbed the most square footage in the second quarter of 2018, manufacturing tenants are the most active in the market,” Bryce Aberg, executive director at Cushman & Wakefield, tells GlobeSt.com. “Over twenty percent of the tenants currently looking for space have a manufacturing requirement. Last Mile-related business increased their demand for Retail Trade and Warehousing/Transportation space as a result of increased consumer demand for faster delivery of online goods.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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