The report, published by Lee & Associates--Irvine Inc., points out that the availability rate for South Orange County industrial product is "virtually unchanged from the last quarter." The availability rate has risen only .16%, from 10.91% in the fourth quarter of last year to 11.07% in the first quarter of this year.
Meanwhile, the level of negative net absorption has undergone a significant improvement, according to the figures provided by Lee & Associates' researchers. The report records a net absorption of negative 138,296 sf for the first quarter of this year, as compared with a net absorption of negative 927,335 sf for the fourth quarter of last year.
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