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Industrial Sector Shows Signs of Recovery

SAN DIEGO, CA-The county's industrial net absorption recovered dramatically during the third quarter of this year, as a new report from Burnham Real Estate Services says it stood at 900,000 sf or 60% of the total year-to-date net absorption. This figure illustrates that San Diego's industrial market is already on the mend, well ahead of the national recovery slated for mid-2003.

By Erin Cassin | Updated on December 16, 2002

SAN DIEGO, CA-It seems that San Diego County’s industrial market is well ahead of the nation when it comes to recovery, as the Southland region rebounded dramatically during the third quarter of this year.

The third quarter figure stood at 900,000 sf or 60% of the total year-to-date net absorption, according to a new report by Burnham Real Estate Services. Thus far this year, 1.5 million sf have been absorbed in the county and given the pace of activity here, the industrial market is “on track to surpass last year’s total net absorption of 1.6 million sf,” says Tucker Hohenstein, a Burnham vice president. So it looks like San Diego’s industrial market is already on the mend, well ahead of the national recover slated for mid-2003.

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