At the start of the fourth quarter, the vacancy rate forindustrial buildings in the Valley was 7.7%, a slight increase fromthe start of the third quarter, which posted a vacancy rate of6.9%, according to a recent survey by CB Richard Ellis.
The rate should easily remain below 10% by year-end, making itthe seventh straight year that it has been below the double digitmark.
"The net absorption has been more aggressive than we thought,"says Mark Krison, an industrial and office broker with CB RichardEllis. "The vacancy rate has not changed much in four years. That'sa very health vacancy rate."
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