Vacancy Below Pre-Pandemic Levels
The Mid-Counties industrial market closed out the first quarter with 682,746 SF of positive net absorption. The overall vacancy rate decreased to 0.5% from 1.1% at the end Q1 2021 and 210 basis points below its mark from one year ago. Mid-counties is located in the geographic heart of Southern California, positioned in one of the most populous regions. The area continues to attract the attention of developers looking for last-mile infill locations with superior freeway accessibility.