The absorption rate for industrial real estate is increasing as companies continue to seek industrial space. Net absorption in the 1st quarter of 2015 outpaced the net absorption in the 4th quarter of 2014. This increase in demand should increase property values for owners and investors. The San Diego vacancy rate is below the national average of 7.0%, therefore, this is an attractive opportunity for investors.
Excerpts from Article: “The San Diego Industrial market ended the first quarter 2015 with a vacancy rate of 6.3%.”
“Tenants moving into large blocks of space in 2015 include: Alesmith Brewing Company moving into 105,636 square feet at Miramar Distribution Ctr – Bldg 1, Nordson ASYMTEK moving into 93,254 square feet at Carlsbad Oaks II, and DexCom moving into 90,000 square feet at Sequence Technology Center.”
Citation and Link: Sumner, Justin 30 Apr. 2015. “Market Trend: San Diego Industrial Vacancy Decreases to 6.3%,” Costar Group. 6 May. 2015 http://www.costar.com/News/Article/Market-Trend-San-Diego-Industrial-Vacancy-Decreases-to-63/171134
Picture & Citation: White, Ray May. 2015. “Carroll Canyon Business Park” Loopnet. May 2015. http://www.loopnet.com/Listing/18669141/8470-Redwood-Creek-Lane-San-Diego-CA/