Inland Empire Office MarketView Insert Q3 2019
October 21, 2019
- The average asking lease rate ended Q3 2019 at $2.01 per sq. ft., hitting the $2.00 mark for the first time since Q4 2009.
- There were 16 consecutive quarters of positive net absorption up until Q3 2019 where net absorption totaled negative 106,239 sq. ft.
- Vacancy fell below 9.0% to 8.8% in Q2 2019, but with the move-outs that occurred in Q3 2019 vacancy increased to 9.3%.