The San Diego Industrial market ended the fourth quarter of 2014 with a vacancy rate of 6.8%. This trend is compared to the U.S. National Industrial vacancy rate, which decreased to 7.2% from the previous quarter, with net absorption positive 81.04 million square feet in the fourth quarter. The vacancy rate in San Diego was down over the previous quarter, with net absorption totaling positive 736,782 square feet in the fourth quarter. Rental rates ended the fourth quarter at $11.05 annually, an increase over the previous quarter.
Excerpts from the Article:
The San Diego Industrial market ended the fourth quarter 2014 with a vacancy rate of 6.8%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 736,782 square feet in the fourth quarter. That compares to positive 797,440 square feet in the third quarter 2014. Vacant sublease space decreased in the quarter, ending the quarter at 375,402 square feet.
Citation and link:
Summer, Justin. “Market Trend: San Diego Industrial Vacancy Decreases to 6.8%.” CoStar News., 6 Feb. 2015 Web. 9 Feb. 2015. http://www.costar.com/News/Article/Market-Trend-San-Diego-Industrial-Vacancy-Decreases-to-68/168605