"It was a new record low on available property in the last 10years," says Jerry Holdner, report author and VP of market researchfor Voit. "South county has the biggest dip in available product inthe past six months."
Similar to the office market, Holdner notes that supply anddemand for industrial space are in check. A lot of new product thatcame on the market during the period was absorbed with the increasein business startups and expansions thoughout the county.
Overall, the county has 7,800 buildings with 274 million sf ofleasable space for manufacturing/distribution, R&D, andflex-tech combined. Another 3.5 million sf is currently underconstruction, with 8.8 million sf planned for the future.
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