Valley News -

Strong activity and gross absorption in the fourth quarter continues despite the lack of inventory, broker says

 

Last updated 1/24/2018 at Noon



RIVERSIDE – The Riverside office of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has released its fourth quarter 2017 Industrial Market Summary for manufacturing and distribution buildings for the East Valley Market in Southern California’s Inland Empire.

The Gross Industrial Activity and Absorption for the fourth quarter of 2017, even with a lack of inventory, posted strong activity and gross absorption. Gross absorption for 2017 totaled 16.9 million square feet, continuing on the heels of the great absorption performances in 2016 of 19.3 mi...



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