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South Bay (L.A.) Industrial Building |
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Industrial rents have stayed relatively flat except for a spike during the Covid years. Currently, another adjustment is underway due to a reduction of Chinese goods coming through the L.A./L.B. Ports. The Los Angeles region is a gargantuan warehouse market linked closely and dependent on international trade. |
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Space availability is increasing because of weak demand. International trade is reduced. One segment that is under-supplied is Hard Tech.Buildings require power, offices, security clearances, parking, cleanliness, and a location along the 405 Corridor. Timing is right to re-position buildings in this corridor. |
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Industrial Clusters |
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Cluster strategy is used by occupiers to be near skilled employees, vendors, and synergies. El Segundo, the 405 corridor and neighboring cities |
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