2.7% vacancy rate, up sharply from last year’s 1.4% rate and even ridiculously lower 0.9% in 2021.
That’s 47 million square feet of “officially” empty warehouse space out of a total supply of 1.74 billion square feet of space. Or, in terms of football fields worth of real estate, that’s loosely 800 vacant out of 29,000.3% vacancy rate – 18 million square feet empty out of 615 million – up from last year’s 1.2% rate and 0.5% in 2021.Orange County:3% vacancy – 4 million of 129 million – vs. last year’s 2.2% rate and 1.9% in 2021.
The current level of Southern California’s empty warehouses is below its 3.2% average vacancies. The same can be said for the Inland Empire , Orange County , and San Diego .Logistics companies got a little crazy with leasing habits mid-pandemic when in-person shopping was limited and deliveries became the hot, new thing.
Much of these empty warehouses are in the Inland Empire – 30 million square feet of subleases is 4.9% of its supply. Los Angeles has 16 million square feet or 2.1% of the supply. Orange County’s 4 million is 1.8% of the supply. And San Diego’s 4 million is 3.4% of the supply.All that mid-pandemic warehouse excitement got developers in a building mood.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
DeSantis Orders FL Agents, National Guard to Texas BorderOver a thousand Florida law enforcement agents and National Guard members will be headed to the Texas-Mexico border, Gov. Ron DeSantis announced, an apparent response to the expiration of Title 42’s COVID-era migrant restrictions.
Les mer »
2021 Is Shaping Up To Be Quite Chilly Compared to Recent Years🔄FROM THE ARCHIVE Some may claim that global warming is on hiatus. Don't be fooled.
Les mer »
Chris Smith, who played for the Texans in 2021, dead at 31 years oldChris Smith, an eight-year NFL veteran who played for Houston Texans in 2021, dead at 31 years old
Les mer »
Queens man sentenced to 41 years to life in 2021 delivery cyclist killingThe 40-year-old man was found guilty of murder, robbery and criminal possession of a weapon last month.
Les mer »
Houston man sentenced to 31 years in prison for 12-hour crime spree in 2021A Houston man was sentenced to 31 years in prison Wednesday for four robberies he committed during a 12-hour crime spree in the Houston metro area in 2021.
Les mer »