February 18, 2011 Leave a comment
The long awaited Kidder Mathews Industrial Report for the final quarter of 2010 has arrived!
The industrial sector in San Mateo County posted85,546 square feet of net absorption in the fourthquarter. This marks the second consecutive quarterthat net absorption has reached positive territory, anencouraging indicator that market fundamentals are ona continued path to recovery from mid 2009 lows. Theavailability rate is currently at 11.9%, a modest quarterover-quarter improvement of 20 basis points. As BayArea economic activity continues to pick up, demandfor industrial space is expected to gradually improve inthe coming year.
Read more of the report here: industrial-market-research-peninsula-2010-4q_MM