Inland Empire Industrial Absorption Stays Strong

RIVERSIDE, CA-GlobeSt.com has exclusively learned from the Riverside office of Lee & Associates that absorption in the 100,000-square-foot range remains extremely active as Inland Empire industrial buildings reap the benefits of the Enterprise Zones and the Inland Ports. The firm shared its second quarter 2013 Industrial Market Summary for manufacturing/distribution buildings for the East Valley Market in Southern California’s Inland Empire with GlobeSt.com, which shows that following stabilization in 2012, exceptional activity and absorption figures to continue, comparable to those of the previous quarter.

Both activity and gross absorption remain strong in the second quarter continuing the stabilized market trends, says the firm. Absorption in 2012 of just more than 12 million square feet surpassed the figures seen in 2011, a trend that is expected to continue throughout 2013, with second  quarters absorption posting 4.4 million square feet, and a year-to-date absorption at almost 7.8 million square feet.