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Adjustment Period

As we move into 2018, the North I-680 Corridor’s industrial market is very tight. Overall vacancy rate dropped to 4.8 percent, from 8.1 percent the previous quarter. Rental rates increased to $0.76 per square foot from $0.62 the same period. During the quarter there was 41,462 square feet of net absorption. Two sales occurred this quarter, which is a bit lower than the region has experienced over the past few cycles.

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