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2022 Q2 San Gabriel Valley Industrial Research Report

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Rents Jump Another 24%, Setting a New High-Water Mark

The San Gabriel Valley industrial market closed out the second quarter with 150,688 SF of positive net absorption. The overall vacancy rate increased to 0.7% from 0.6% quarter over quarter and is now 40 basis points above the mark from one year ago. Average asking rents increased 24% compared to Q1, bringing the weighted average to a historical high of $1.74 NNN PSF per month. Construction activity remains active with 2.1M SF currently underway. Like the rest of greater Los Angeles, the San Gabriel Valley has a historically low vacancy rate causing exponential growth in rental rates.

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2022 Q2 San Gabriel Valley Industrial Research Report

Download Report