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Industrial Properties
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2ND QUARTER SAN DIEGO INDUSTRIAL REAL ESTATE MARKET SUMMARY:

The San Diego County industrial market generated approximately 5.0 million square feet of gross leasing activity. Second quarter leasing activity slowed slightly to 2.5 million square feet compared to the first quarter total of 3.0 million square feet. Warehouse users created the most activity during the quarter leasing 735,000 square feet followed by light industrial with 586,000 square feet.

The solid leasing activity for all industrial properties during second quarter 2008 held the direct vacacy ate steady at 7.3%. Negative net absorption of 126,000 square feet in Central San Diego coupled with new construction deliveries in Otay Mesa totaling close to 188,000 square feet contributed to a small increase in the countywide vacancy rate.

Questions about the San Diego industrial real estate market?
Contact: Gary Baragona, CBRE San Diego Research Manager
(858) 646-4780 | gary.baragona@cbre.com



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Disclaimer:
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.