Mid-Counties Vacancy Hits Rock Bottom
The Mid-Counties industrial market closed out the fourth quarter with 270,331 SF of positive net absorption. The overall vacancy rate decreased to 0.2% from 0.3% at the end Q3 2021 and 150 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.