RIVERSIDE, CA-GlobeSt.com has exclusively learned from theRiverside office of Lee & Associates that absorption in the100,000-square-foot range remains extremely active as Inland Empireindustrial buildings reap the benefits of the Enterprise Zones andthe Inland Ports. The firm shared its second quarter 2013Industrial Market Summary for manufacturing/distribution buildingsfor the East Valley Market in Southern California's Inland Empirewith GlobeSt.com, which shows that following stabilization in 2012,exceptional activity and absorption figures to continue, comparableto those of the previous quarter.
Both activity and gross absorption remain strong in the secondquarter continuing the stabilized market trends, says the firm.Absorption in 2012 of just more than 12 million square feetsurpassed the figures seen in 2011, a trend that is expected tocontinue throughout 2013, with second quarters absorptionposting 4.4 million square feet, and a year-to-date absorption atalmost 7.8 million square feet.
Gross activity in the second quarter was over 8.2 million squarefeet, with investment purchases and lease renewals accounting for47% of the total, says the report. Investors will remain active inthe market, however, existing tenants will be proactivelynegotiating lease renewals and seeking expansions, the reportsays.
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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.
