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2021 Q2 San Gabriel Valley Industrial Research Report

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INDheroSGV_Q221

San Gabriel Valley Vacancy Hits New Low

The San Gabriel Valley industrial market closed out the first quarter with 1,327,698 SF of positive net absorption. The overall vacancy rate decreased to 0.3% from 1.2% at the end of Q1 2021 and 220 basis points below its mark from one year ago. FedEx took occupancy of their new 627,480 SF facility, accounting for nearly half of net absorption for the quarter. Average asking rents increased 3.8% quarter over quarter, bringing the weighted average to a historical high of $0.96 NNN PSF per month. Construction activity remains active with 1.7 MSF currently underway.

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2021 Q2 San Gabriel Valley Industrial Research Report

Download Report