Options in Mid-Counties Remain Scarce
The Mid-Counties industrial market closed out the first quarter with 209,914 SF of positive net absorption. The overall vacancy rate decreased to 0.3% from 0.5% at the end Q2 2021 and 230 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 access.