San Gabriel Valley industrial sector tightens further.(Special Report: Real Estate)

Los Angeles Business Journal | April 24, 1995| | Copyright

Vacancy rate declines to 7 percent in 1st quarter

The already tight San Gabriel Valley industrial market continued to firm in the first quarter, as demand remained strong for all sizes of spaces, making the market one of the strongest for industrial space in the Los Angeles Basin.

According to Grubb & Ellis Co., the valley's industrial vacancy rate had decreased to 7 percent by the end of the first quarter, down from 7.9 percent at the end of last year and 9.9 percent a year ago.

"We have product demand continuing to accelerate, but we're running out of ...

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