San Fernando Valley Industrial and Office Q2 Market Reports
Monday, August 5, 2013 at 4:40PM Industrial
Activity Is Light As Inventory Remains Extremely Constrained
Lack of spaces suited for today's manufacturing and warehousing needs has resulted in vacancies below 5%. Rates have modest increases by $.01 to $.61 per square foot per average quarter. Of 33 industrial buildings that sold the median price was $116 per square foot, up 13% from Q1.
Q2 2013 San Fernando Valley Industrial Market Report (Click Link For Report)
Office
Leasing Activity Weakens But Low Interest Rates Push Sales Velocity
Office spaces remain sluggish in Q2 with no significant changes from Q1. Vacany rates relatively unchanged at 17%, but better by .08% a year ago. Leasing activity are companies trading spaces in the area. Rent are up about $.03 from a year ago. There were 18 offices sales this quarter with a median sales price of $183 per square foot.
Q2 2013 San Fernando Valley Office Market Report (Clink Link For Report)
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