With Limited Supply, Mid-Counties Asking Rent Jumps 19%
The Mid-Counties industrial market closed out the fourth quarter with 23,525 SF of positive net absorption. The overall vacancy rate remained flat quarter over quarter and is still 90 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.
