MR_WNC_17Q1_IND_175x227 Industrial Cool Down

As we move forward into 2017, the North I-680 Corridor experienced a small contraction to begin the year. The overall vacancy rate increased to 9.1 percent in the current quarter, from 7.0 percent in the previous quarter. Rental rates also decreased this year to $0.65 per square foot, from $0.70 last quarter. During the quarter, there was 48,065 square feet of negative absorption. Only two sales occurred during the quarter, compared to the three that occurred the previous quarter.