Industrial Stabilization Continues in Riverside

RIVERSIDE, CA—The Riverside office of Lee & Associates exclusively shared its first quarter 2014 Industrial Market Summary with GlobeSt.com for manufacturing/distribution buildings for the East Valley Market in Southern California’s Inland Empire. The summary, which reports activity and gross absorption exhibiting stabilized market trends, shows activity in the first quarter in 2014 was just over 5.1 million square feet, with investment purchases and lease renewals accounting for 38% of the total.

The report follows a robust 2013 in the East Valley, which had absorption at a historic high at just under 14.8 million square feet, which surpassed the figures seen in 2012, the largest amount of square feet absorbed annually in the history of this marketplace.