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SAN GABRIEL VALLEY
SAN GABRIEL
VALLEY
DALE
ABSORPTION
2
210
UPLAND
GLENDORA
VAC A N CY
30
210
AVA I L A B I L I T Y
BALDWIN
210
EAST MARKET PARK
BASE (SF) 172,038,509
VAC A N CY ( % ) 2.24
AVA I L A B I L I T Y ( % ) 5.64
SALE ACTIVITY (SF) 457,192
LEASE ACTIVITY (SF) 1,928,973
10
10
POMONA
S
60
60
CITY OF
INDUSTRY
LOS
ANGELES
DIAMOND
BAR
C
AI
MID COUNTIES
SANTA FE
SPRINGS
57
71
LOS ANGELES CO.
SA
N
BREA
Vacancy Rates
CHINO
BER
Average Lease Rates
Q3-16 Q4-16
Q1-17
Q2-17
Q3-16
Q4-16
Q1-17 Q2-17
60 Fwy Corridor 1.03 1.69 1.78 2.14 60 Fwy Corridor 0.69 210 Fwy Corridor 1.78 1.56 1.57 2.22 210 Fwy Corridor 0.64 0.73 0.73 0.74
0.65 0.65 0.7
West SGV 2.66 1.41 1.87 1.96 West SGV 0.6 0.65
0.66 0.73
Vacancy Rates
BASE SF AVAILABILITY RATE (%) VACANCY RATE (%)
BASE SF AVAILABILITY RATE (%) VACANCY RATE (%)
Azusa 8,027,497 5.18 ▼ 2.90 ▼
Industry 76,642,459 4.74 ▼ 3.21 ▲
Baldwin Park 4,845,471 4.09 ▲ 2.80 ▲ Irwindale 13,064,511 17.09 ▲ 0.57 ▼
Covina 2,383,181 4.49 ▼ 3.48 ▼ Monrovia 3,380,457 4.19 ▼ 2.20 ▼
Diamond Bar 590,804 0.00 ▼ 0.00 ▼ Pomona 18,422,385 5.35 ▼ 1.49 ▲
Duarte 1,268,125 5.46 ▼ 5.46 ▼ South El Monte 7,675,645 1.45 ▲ 1.45 ▲
El Monte 8,804,434 3.67 ▲ 3.27 ▼ Walnut 3,789,734 2.01 ▼ 0.69 ▲
SELECT STATS (10K AND UP)
AVAILABILITY RATE • THE PERCENTAGE OF ALL SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN
A GIVEN AREA. GROSS ABSORPTION • TOTAL NUMBER OF PROPERTIES LEASED OR SOLD FOR OCCUPANCY AT A PERIOD OF TIME IN A
GIVEN AREA.
VACANCY RATE • THE PERCENTAGE OF ALL UNOCCUPIED SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD
OF TIME IN A GIVEN AREA. TRIPLE NET LEASE (NNN) • A LEASE AGREEMENT WHEREBY THE TENANT IS OBLIGATED TO PAY FOR ALL THE OPERATING
EXPENSES, I.E. PROPERTY TAXES, PROPERTY INSURANCE, AND FACILITY MAINTENANCE.
GROSS LEASE (GRS) • A LEASE AGREEMENT IN WHICH THE STATED RENT BEING PAID TO THE LANDLORD INCLUDES
PROPERTY TAXES AND PROPERTY INSURANCE. BASE SF • SQUARE FOOTAGE OF EXISTING AND UNDER CONSTRUCTION INDUSTRIAL BUILDINGS.
LEE & ASSOCIATES • 2017 • 2ND QUARTER INDUSTRIAL MARKET REPORT