As we wrap up 2019 and move into the new year, the North I-680 Corridor industrial market remains very tight. The overall vacancy rate increased to 4.3 percent, from 4.0 percent last year while rental rates moved only negligibly to $0.86 from $0.85 from last quarter. On the leasing front, the year-to-date net absorption registered negative 32,409 square feet, while the sale side of the market registered just three sales this quarter, which is lighter than past quarters. Despite this, brokers contend that industrial properties have seen more appreciation compared to other property types, making it an attractive investment opportunity.
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