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The Inland Empire industrial market held strong through the first quarter. The impact of the coronavirus pandemic has shown up in some quarterly reports for other asset classes; however, research from Kidder Mathews show the Inland Empire did not show any signs of slowing at the start of the year, despite the disruption. The quarter closed with industrial vacancy down 20 basis points to 4% and net absorption of more than 6 million square feet, including a 1.2 million-square-foot lease signed by Kimberly-Clark Corp.

“We had pretty good momentum from the fourth quarter of 2019 into 2020, and we have had three years of very strong metrics and momentum that has carried us year-over-year into a very positive climate and activity,” Dave Burback, SVP and managing director of Kidder Mathews’ Inland Empire office, tells GlobeSt.com. “If you broke the quarter down into thirds, the first two months of the year were very positive. It started to take a toll in March.”

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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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