Great Time for Industrial Owner/Users

RIVERSIDE, CA—GlobeSt.com has exclusively obtained an advanced copy of Lee & Associates‘ second quarter 2014 industrial market summary for manufacturing/distribution buildings for the East Valley Market in Southern California’s Inland Empire. The summary reports conditions of a stabilized market with activity and gross absorption both strong in the second quarter.

“Gross activity in the second quarter was just under 7.3 million square feet, with investment purchases and lease renewals accounting for 56.3% of the total,” says the report. “Demand for industrial buildings in the Inland Empire’s East Valley is expected to continue to keep pace with new supply with second quarter of 2014 absorption figures at just under 3.2 million square feet.”